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I'd like to have a PUKE index I could buy shares of.

It would include shorts of all entertainment, all travel, all restaurants, all small cap oil companies, all automakers, all retail other than Amazon, WalMart and Costco, and all precious metal bears. Can I request a fund be created?

 
I'm just wondering what turns the market over. Maybe it is just a bull trap, get everyone complacent and then pull the rug out. But unless these states go back to a hard lockdown, seems like a few months of meh until you start to get earnings. Assume the ones that don't file in the next few weeks have enough optionality to wait out a few months of the recovery. 
I guess. I made a decision to build back to 30% cash in my Large Cap equity sleeve. Selling out of DIS, GLPI, CAT, EMR, at very nice profits. Highly cyclical consumer sensitive names.  I simply do not see Disney doing numbers that justify this price here. It will be a while for them and why not get out of the way of a inevitable pull back on this stock as well as EMR and CAT. Industrials will slow to a crawl here over the next 2 quarters. 

Again Consumer sentiment and demand will fall off and it will affect the markets when fundamentals meet with the market. They always do. You can’t price stocks for perfection based on hope. It has to be real numbers. And those numbers will not be here for at least two quarters at a minimum. 

So why not build some powder (cash) to get back into these names again (and some others for that matter) at lower prices and mitigate some volatility. It is coming again. And as I have said....if it does not...cool. We are still 70% invested. Nothing wrong with that. 

The economic data is probably at the worst it will be in terms of job loss, productivity etc. But the affects have not yet trickled into the consumer economy in the prices of these stocks and many others. And it will at some point. 

 
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I guess. I made a decision to build back to 30% cash in my Large Cap equity sleeve. Selling out of DIS, GLPI, CAT, EMR, at very nice profits. Highly cyclical consumer sensitive names.  I simply do not see Disney doing numbers that justify this price here. It will be a while for them and why not get out of the way of a inevitable pull back on this stock as well as EMR and CAT. Industrials will slow to a crawl here over the next 2 quarters. 

Again Consumer sentiment and demand will fall off and it will affect the markets when fundamentals meet with the market. They always do. You can’t price stocks for perfection based on hope. It has to be real numbers. And those numbers will not be here for at least two quarters at a minimum. 

So why not build some powder (cash) to get back into these names again (and some others for that matter) at lower prices and mitigate some volatility. It is coming again. And as I have said....if it does not...cool. We are still 70% invested. Nothing wrong with that. 

The economic data is probably at the worst it will be in terms of job loss, productivity etc. But the affects have not yet trickled into the consumer economy in the prices of these stocks and many others. And it will at some point. 
I bought some of these, not really at the lows that I'm sure you did. Collectively they are up 12% since acquisition, with CAT being slightly down. (GLPI being my big winner - 70+% of the gains.)

Are gains that are that size worth locking in? This really is all fun money for me. But don't want to do anything unnecessary.

 
Just sold half my position in Natural Gas Services for a 24% profit. This was one of my holdings in abuse the PPE program

 
I guess. I made a decision to build back to 30% cash in my Large Cap equity sleeve. Selling out of DIS, GLPI, CAT, EMR, at very nice profits. Highly cyclical consumer sensitive names.  I simply do not see Disney doing numbers that justify this price here. It will be a while for them and why not get out of the way of a inevitable pull back on this stock as well as EMR and CAT. Industrials will slow to a crawl here over the next 2 quarters. 

Again Consumer sentiment and demand will fall off and it will affect the markets when fundamentals meet with the market. They always do. You can’t price stocks for perfection based on hope. It has to be real numbers. And those numbers will not be here for at least two quarters at a minimum. 

So why not build some powder (cash) to get back into these names again (and some others for that matter) at lower prices and mitigate some volatility. It is coming again. And as I have said....if it does not...cool. We are still 70% invested. Nothing wrong with that. 

The economic data is probably at the worst it will be in terms of job loss, productivity etc. But the affects have not yet trickled into the consumer economy in the prices of these stocks and many others. And it will at some point. 
Thank you for the heads up. Sold all the Disney for a nice profit. Debating on the cat as I’m upside down

 
@Todem  I hear you on DIS and see the overbought indicators.  Even with reopening parks you still need to regain a lot of consumer confidence to feel safe going to one.  I sure as hell wouldn't be any time soon.   Not with the way my youngest is.  If CV was at the park, she'd find it and lick it up right away. 

Still love it long, like 10-15 year long.  Also seems interesting that even though it is overvalued, it's been holding pretty steady this past month.  How far can it dip?  We talking 90-95 range, or 80's?         

 
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I'd like to have a PUKE index I could buy shares of.

It would include shorts of all entertainment, all travel, all restaurants, all small cap oil companies, all automakers, all retail other than Amazon, WalMart and Costco, and all precious metal bears. Can I request a fund be created?
$EMTY is an ETF focused on the decline of brick and mortar retail fwiw.

 
@Todem  I hear you on DIS and see the overbought indicators.  Even with reopening parks you still need to regain a lot of consumer confidence to feel safe going to one.  I sure as hell wouldn't be any time soon.   Not with the way my youngest is.  If CV was at the park, she'd find it and lick it up right away. 

Still love it long, like 10-15 year long.  Also seems interesting that even though it is overvalued, it's been holding pretty steady this past month.  How far can it dip?  We talking 90-95 range, or 80's?         
I think it can dip easily to the 90 range. Easily. 

I was up a boatload on GLPI (over 70%) I took that. It is a gift. It can take years to make 70%. We made it in less than two months. Cash in the chips. Pat yourself on the back. It is one of the easiest trade you will ever have. 

Will I buy it back? Yeah eventually. But this is an easy button profit take to build some cash.  

 
Uber earnings abysmal.  Twice as bad as projected.  Stock is basically flat, even AFTER getting a fake 11% boost from Lyft's much better earnings yesterday.

Meanwhile Roku earnings great.  Stock down 7%.

It's all so jacked up.

 
Uber earnings abysmal.  Twice as bad as projected.  Stock is basically flat, even AFTER getting a fake 11% boost from Lyft's much better earnings yesterday.

Meanwhile Roku earnings great.  Stock down 7%.

It's all so jacked up.
Uber is up 5% after hours now. $2.9 billion net loss this quarter. :lmao:  

 
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Uber is up 3% after hours now. $2.9 billion net loss this quarter. :lmao:  
To be fair. $2.1 billion of it is paper losses in investments. They had ~$10bn in investments, mostly Didi and Grab. So looks like they wrote those down by 20%. And would assume they've gained some of that value back based on market moves since 3/31. 

 
@siffoin

Help me reconcile your aporoach to what I feel is a market disconnect here.

So, most of my individual equities, applied against your sell test, say hold. I feel similar to Todem (don't tell Mrs todem) about this market (and i have for a while, so what's that worth?). Coupled with your $GYPR call. 

When do you deviate and let your subjective analysis or your macro view override the equity level chart? Ever?

 
Was tempted to load up on 3x ETF Bulls for tomorrows unemployment figures.  Estimate of 16%, as long as we're between 0-110% unemployment those 3x Bulls will be $$$

 
The only other thing I'll say is using growth equity companies as proof of the irrationality of the markets is tough. Earnings rarely matter, revenues matter only a little bit more but people are looking at other metrics like rate of growth, users, etc. Consensus is likely useless since analysts aren't changing them that frequently enough to reflect the current environment. This is when buyside expectations matter not to mention price. Both have doubled off lows but UBER still down 25% from 2020 high (and been dead money since IPO) while ROKU is flat to YTD high. Not to mention, this is more or less as bad as it gets for UBER and as good as it gets for ROKU. Haven't dug into them a ton but know they're exposed to ad spend. Sounds like it will accelerate the move to ROKU from traditional media but ROKU's growth in terms of usage and user growth has likely peaked over these past few months. 

 
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what is the best, most direct way to buy gold (not physical) - ETFs or futures stuff (with which I am not familiar)


I'd like to know as well. I follow GOLD and some miners. But what else should I have on my list when watching the yellow rock?
I will let others answer, but, research that anything related to "physical gold" will incur the collectible tax.  That seemed brutal to me, so, I stuck with the miner ETF.  I know that isn't exactly what you asked, but, it was a shocker to me when I was researching this.

 
I will let others answer, but, research that anything related to "physical gold" will incur the collectible tax.  That seemed brutal to me, so, I stuck with the miner ETF.  I know that isn't exactly what you asked, but, it was a shocker to me when I was researching this.
Learned this the hard way on IAU, why I shifted to GOLD. 

 
I will let others answer, but, research that anything related to "physical gold" will incur the collectible tax.  That seemed brutal to me, so, I stuck with the miner ETF.  I know that isn't exactly what you asked, but, it was a shocker to me when I was researching this.
thanks ...wow

 
I will let others answer, but, research that anything related to "physical gold" will incur the collectible tax.  That seemed brutal to me, so, I stuck with the miner ETF.  I know that isn't exactly what you asked, but, it was a shocker to me when I was researching this.
So this is a tax that impacts share price daily so but does not GOLD. Interesting. I'd love to find a vehicle to use for my ROTH IRA. Maybe that's GOLD. Do hybrid stocks which carry both silver and gold also get hit with this collectable tax? i.e. CEF? I'm assuming so. 

 
Don't give in, hold loooong!!
I am long 70% of my portfolio. This is par for the course in times like this. I simply have a strong conviction that the market will have another correction and want to mitigate that with taking profits in some great buys we made in March, and do it again. It is going to happen. And if it does not....no worries. I won’t miss anything between now and year end IMO. I can buy right back in again. 

 
When you sell a stock like that how does that impact your taxes, what preparations do you have to make?  As a first timer having never sold a stock, what should I expect?
Short term capitol gains. Whatever my tax bracket is at that will be my tax owed. However before year end if I have any losers I can offset that by selling those to reduce the gain. 

I never let “taxes” deter me from taking gains when I feel strongly about taking them. That is silly. 

 
Somewhat, yes, some of the ETFs that hold and/or trade in physical gold will get impacted by the collectibles tax. Ideally, they handle it for you internally, but, in the nightmare scenario, you get a very messy K1(s) and have to pay the tax yourself and figure it out on your return.
In your Roth IRA?

 
A lot of you guys were interested in this - I threw together a quick spreadsheet of what those trades were.  How can you do this?  Was a question I got asked so I'm just answering for all of you here.

In short I don't think it possible.  One main concern is that many times the stock selection is thinly traded...too many people on the trade would have some impact to some probably positive to others negative.  There are other concerns too

Yesterday I did some thinking about re-doing something like this but with a strongly traded stock "universe".  As an example cull a universe of the top holdings in the $SP500; Nasdaq 100; Russell 2k...lets say 30-50 stocks and then run the program for the top selection each month.  If there is interest we could see how that goes and discuss how to implement the strategy of course for edutainment purposes.  Such strategies are HIGH RISK.  You do these things with like 5% of a portfolio.  NO MORE THAN THAT.  Right now, market conditions are likely not conducive to actually trading off of this.  But again - we could run it live - examine the results and when conditions improve have some better understanding of how it is likely to perform.  And then live trade it.

If that is of interest, I'll move forward with it.
in please

 
not for the faint of heart.  It is cheap though..   I think.  It is some damn precious metal mine in Alaska.

NAK
I know that ticker. When I was in it they were trying to get a permit to mine. If they get it the stock probably will fly. 

 
Any idea what the Night King is talking about here?  Hadn't heard this angle before, definitely out of left field.  I don't have access to read the article unfortunately.  Anyone help?

https://twitter.com/adamfeuerstein/status/1258543192707760130
Check PMs. I admit to not fully understanding the intricacies of BLA filings, but I will say the perceived repeated gaffes are getting more annoying. Just stop messing up and let the trials & drug speak for itself. 

For those wondering here is the 27th press release:

https://www.globenewswire.com/news-release/2020/04/27/2022519/0/en/CytoDyn-Submits-Completed-Biologics-License-Application-BLA-to-the-FDA-for-Leronlimab-as-a-Combination-Therapy-for-Highly-Treatment-Experienced-HIV-Patients.html

My "benefit of the doubt" view, I guess, would be they submitted everything thinking they were "complete" but FDA informed them they need the datasets through May 11th to be "truly complete". At the end of the day not sure the 'delay' matters outside of the market losing confidence in mgmt. 

 
Check PMs. I admit to not fully understanding the intricacies of BLA filings, but I will say the perceived repeated gaffes are getting more annoying. Just stop messing up and let the trials & drug speak for itself. 

For those wondering here is the 27th press release:

https://www.globenewswire.com/news-release/2020/04/27/2022519/0/en/CytoDyn-Submits-Completed-Biologics-License-Application-BLA-to-the-FDA-for-Leronlimab-as-a-Combination-Therapy-for-Highly-Treatment-Experienced-HIV-Patients.html

My "benefit of the doubt" view, I guess, would be they submitted everything thinking they were "complete" but FDA informed them they need the datasets through May 11th to be "truly complete". At the end of the day not sure the 'delay' matters outside of the market losing confidence in mgmt. 
Thanks, not completely understanding why they would have submitted mock datasets in the BLA, is that a thing?

 
Link

VANCOUVER, Washington and WINSTON-SALEM, N.C., May 07, 2020 (GLOBE NEWSWIRE) -- CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company"), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that Novant Health is initiating patient enrollment in CytoDyn’s Phase 2b/3 trial for severely and critically ill COVID-19 patients.

Leronlimab has been administered to 54 severely and critically ill COVID-19 patients thus far under Emergency Investigational New Drug (EINDs) authorizations granted by the U.S. Food and Drug Administration (FDA).  Preliminary results from this patient population led to the FDA’s recent clearance for CytoDyn’s Phase 2b/3 clinical trial for 390 patients, which is randomized, placebo-controlled with 2:1 ratio (active drug to placebo ratio). Patients enrolled in this trial are expected to be administered leronlimab for two weeks with the primary endpoint being the mortality rate at 28 days and a secondary endpoint of mortality rate at 14 days. The Company will perform an interim analysis on the data from 50 patients.

“We’re grateful for our partnership with CytoDyn and the opportunity to bring cutting edge, innovative and investigative treatments to our community,” said Eric Eskioglu, M.D. Executive Vice President and Chief Medical Officer for Novant Health. “Since initiating the leronlimab mild/moderate last month, Novant Health has screened nearly 400 patients for eligibility.  A number of these patients have been enrolled and treated on the mild/moderate clinical trial.  Expanding treatment options for our more critically ill patients is a vital step in our fight against COVID-19. We are encouraged by early reports of efficacy of leronlimab from critically ill patients treated under an Emergency Use IND and we are eagerly awaiting the full results of both blinded studies for leronlimab in the near future from CytoDyn.” 

Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn, added, “We are once again very pleased Novant Health is seeking to partner with our health care professionals to help provide a potential therapeutic benefit to these COVID-19 patients.  Thus far, we are grateful for the benefits leronlimab has provided to so many patients, as expressed to us by their families.”
Novant seems to be a pretty major deal in the Carolinas and other parts of Southeast.

 
Check PMs. I admit to not fully understanding the intricacies of BLA filings, but I will say the perceived repeated gaffes are getting more annoying. Just stop messing up and let the trials & drug speak for itself. 

For those wondering here is the 27th press release:

https://www.globenewswire.com/news-release/2020/04/27/2022519/0/en/CytoDyn-Submits-Completed-Biologics-License-Application-BLA-to-the-FDA-for-Leronlimab-as-a-Combination-Therapy-for-Highly-Treatment-Experienced-HIV-Patients.html

My "benefit of the doubt" view, I guess, would be they submitted everything thinking they were "complete" but FDA informed them they need the datasets through May 11th to be "truly complete". At the end of the day not sure the 'delay' matters outside of the market losing confidence in mgmt. 
I think CYDY stock holders are aware of my view on the company, but I do have some insight on the filing process. My experience is with the Chemistry Manufacturing and Controls section (CMC), not the clinical dataset. 

The filing is a very detailed document and requires thorough review. Filings used to be delivered by a truck full of documents but now it’s all electronic and formatting is important. It seems the section in question was what they asked the FDA for feedback on format, so to have it not finalized while saying the filing was complete seems really out there. Did they file an incomplete filing just to say it was done?I’d be interested in hearing an explanation.

The crazy thing is the completed filing was celebrated, followed by insiders selling stock, and lots of attention due to Adam F. I honestly don’t know anything about SEC investigations, etc. but I’d be concerned if I was a stockholder. I realize this comes off as crapping on CYDY again, but just my opinion.

Just another day in the ongoing drama.

 
I gotta admit, its troubling.  The press release did say completed.  They did seem to be in a rush to post news last week.  

 
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I gotta admit, its troubling.  The press release did say completed.  They were in a rush to post news last week.  WTF
So they filed, but have to ammend some things.  What's the problem?

Did they lie when they said they competed a filing?  I mean, they filed right?  It is common or unheard of to have to refile because something wasnt fulfilled in the filing?  I have no idea.

 
So they filed, but have to ammend some things.  What's the problem?

Did they lie when they said they competed a filing?  I mean, they filed right?  It is common or unheard of to have to refile because something wasnt fulfilled in the filing?  I have no idea.
It's mostly A) trying to seemingly sneak it in this PR does seem slightly fishy and B) the language is weird. Why not just say something like: "the FDA has requested additional clinical data as part of our previously filed BLA - that data will be provided on May 11th." Messing around with the 'completed' designation is just weird. 

 
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I don't want to get in a lot of arguments on this, maybe its semantics, but if your file contains mock datasets, why say the application is completed.

At the end of the day it won't matter if lebronlimade is the real deal but still questioning all the weird stuff at the current moment

 
I don't want to get in a lot of arguments on this, maybe its semantics, but if your file contains mock datasets, why say the application is completed.

At the end of the day it won't matter if lebronlimade is the real deal but still questioning all the weird stuff at the current moment
Define "all the weird stuff".

This is starting to look like the messages on yahoo finance.  

There is a gazillion miles of red tape with the FDA.  Does anyone ever get anything through hiccup free?

 

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