Heard one of the Najarian brotherscalls pimp the January 17 calls of SPCE back in late December saying that some kind of PR or news was going to drop. I bought some and the stock did nothing, hovering around $11.50 plus or minus a quarter so I figured he was blowing smoke. Since the strike date was coming up this Friday, I dumped them last week on 1/8, salvaging some of my premium. Of course, I couldn't help but follow the ticker and you can guess what happened. No embellishment necessary: within minutes of me dumping the options, the share price began creeping up (this was the afternoon of 1/8) and then there were some decent pops and indeed a PR event that sent the stock massively higher. I lost $600 on the trade. Had I held another week, I'd be up about $4000 or so.Any of you have thoughts on Virgin Galactic, SPCE
Back in October it was trading at $12 and today it closed at $14.84
I've seen some good news about the company in the last two weeks and wondered if this is one to pick up.
Well, I did see that, but didn't consider it relevant news. People still pay attention to what bankers are saying?*Pan American Silver shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform.
Benzinga
In related news Braniff Palladium and Eastern Metal Exploration have announced a merger.*Pan American Silver shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform.
Please let us know in advance of your next sale or purchase so that we can act accordingly. TIA.The day after I buy PAAS, it's down 4.5% on no news. I truly have the anti-midas touch. Had to vent somewhere.
So the deal with Lily was accepted at a price lower than the stock. Stock is just over 19 and offer is 18.75.IMO, buyout offer normally equals sell. But it appears they're being lowballed. Or at least, that's what the market thinks.Stock gurus: I grabbed this company's stock a month ago: Dermira. Some drug company that has a promising drug in the pipeline.
Today was announced they are being bought by Eli Lilly
Thought that would be great news but The price Lilly offered is below what the price is trading at. Have no clue what that means. I was going to sell but anyone have any insight / best guesses here?
I bought puts on it twice after big run ups. Makes no sense to me, but it just won’t drop, kind of like Tesla. Now I don’t touch them.I never, ever thought CMG (chipotle) would be this close to 1,000. And I used to eat there all the time about 10 years ago.
When I get the go ahead that Chet is going into Orbit, maybe....maybe...We have a small position in Virgin Galactic in our Battery & Space Materials Fund. Why not? It's only $250,000 to go into orbit. That's walking around money for FBGs. Waiting list is long.
You know who isn't going to be on that maiden voyage? THIS GUY <-------------------------------- Thank you, No. I'm happy being poor on the ground.
I just looked at the stock price and that’s crazy. A P/E of 80, but in one report I looked at showed that their revenue in Q3 of 2019 is only about 15% higher than Q3 of 2015, that’s right 2015. The growth per store is terrible compared to where it was in 2015, which drove the huge run up from 2010-2015. The only reason they are up on 2015 is that they have so many more stores open. It’s a high growth stock price for something not really growing like that anymore.I can at least understand the thesis of someone buying Tesla. Nobody buying Tesla is buying for current state. I have no idea what the people buying CMG are buying for.
If I had made any money in that three months, I'd be out in a flash and looking for the next one. But I'm a pansy.So the deal with Lily was accepted at a price lower than the stock. Stock is just over 19 and offer is 18.75.
I guess a dumb question but the ride is over at this point, right? Any reason I keep this?
Me too. I’ll probably cash out. Made some money for sure (but so did everything over this period )If I had made any money in that three months, I'd be out in a flash and looking for the next one. But I'm a pansy.
Quality, not quantity.Bob Sacamano said:I don't care about the price. The P/E is nuts. And they're now the 4th largest publicly traded restaurant brand by market cap (Guessing jeebus' chicken chain would fall in there somewhere otherwise). As of 10/19, it was
1. McDonald's - $157 bil (over 38,000 locations)
2. Starbucks - $101 bil (30,600 locations)
3. Yum Brands - $38.4 bil (48,769 locations)
4. CMG - $22 bil (2,523 locations)
One of these things is not...
Do you still get beneficial tax help for owning these or did Grump change that too? Feel like these were beneficial for tax assets historically.drunken slob said:Do any of you have Municipal Bond holdings?
Interest is tax free from federal and can be state tax free as well if bond and bond holder are from the same state.Do you still get beneficial tax help for owning these or did Grump change that too? Feel like these were beneficial for tax assets historically.
Not an accountant
Didn't sleep at Holiday Inn
With regard to the bolded, that's my question.Do you still get beneficial tax help for owning these or did Grump change that too? Feel like these were beneficial for tax assets historically.
Not an accountant
Didn't sleep at Holiday Inn
Yes, but interest rates are so low the price of munis has gotten pretty expensive (driving yield low). I usually have some of this and have none now. I'll hold some of the levered CEFs, but last I checked they were going for way over par. Sold out of mine.Do you still get beneficial tax help for owning these or did Grump change that too? Feel like these were beneficial for tax assets historically.
Typically these fall into the "tax free" category, though some have an AMT component. Non-REIT equities typically get the qualified dividend treatment. REITs get a different, qualified structure thanks to the new tax law. Nothing likeWith regard to the bolded, that's my question.
In the past, these fell under the "Qualified Dividends" category and were favorable to own under the federal tax structure.
I had not seen anything before about changing tax structure on REITs. Are they now better or worse? I have a little too much in them at the moment for the income.Yes, but interest rates are so low the price of munis has gotten pretty expensive (driving yield low). I usually have some of this and have none now. I'll hold some of the levered CEFs, but last I checked they were going for way over par. Sold out of mine.
Typically these fall into the "tax free" category, though some have an AMT component. Non-REIT equities typically get the qualified dividend treatment. REITs get a different, qualified structure thanks to the new tax law. Nothing likesimplifyingcomplicating the tax code even more!
I think they are all great names which have run up a lot in the past few months. Long term, all are good buys but too rich for me to buy at these levels. Could look at T which isn’t as frothy plus pays a juicy dividend, although I like the other two brands more. Guess you get what you pay for.Thoughts on Disney (DIS) and AT&T (T) and GOGO?
If you're talking long term, DIS is solid. Unless you're 70 and living off dividends I don't see the point with T. GOGO is a gamble that's never really performed, they seem broken.Thoughts on Disney (DIS) and AT&T (T) and GOGO?
DIS is a long term hold for me... I intend on passing that to my kids.Thoughts on Disney (DIS) and AT&T (T) and GOGO?
Big fan of Disney. Not a fan of T - their debt load is mind boggling.Thoughts on Disney (DIS) and AT&T (T) and GOGO?
I picked up 4k for the hell of it.CYDY inching higher. Here's an article published today. I continue to hold every share and will likely be adding in the next few weeks.
Plus TSLA announces earnings in a couple weeks. Could tumble.DIS is a long term hold for me... I intend on passing that to my kids.
On another note, I've never shorted Tesla, although it feels like it is setting up for superb short lately (but I prob still won't). They sold 367k cars in 2019, VW sold 10.8mm, guess who is worth more?
I sold half after it doubled. Holding the other half.I'm still holding ITCI, am I making a mistake? Did you all dump when it hit 30's?
Me too and was wondering the same thing.I'm still holding ITCI, am I making a mistake? Did you all dump when it hit 30's?
Yep enjoying it quite a lot. But it has been a good last 12 months for gold anyways.Good day to own some gold.