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 (12 Viewers)

chet said:
Soneone's buying the stock and I think it's an institution.  I am hoping it's an investor and not big pharma.
Click to expand...
I mean wouldn't a pharma player have to file something? At this rate, it wouldn't take much to get above that 10% threshold at the very least. I was never good with the forms but wouldn't they have to disclose it as a proposed activist position sooner than later?

It does look like at least one day trader, Timothy Sykes got a hold of it. Will be interesting price dynamics. I would think a pullback once shorts get squeezed may be healthy assuming the bottom doesn't fall out of it. 

 
Chaz McNulty said:
I don't like hearing this.

DEF 14A sec filing
June 22, 2020

Dear Stockholder:

You are cordially invited to attend a special meeting of stockholders of CytoDyn Inc. (the “Company”) to be held at 9:30 a.m., Pacific Time, on Wednesday, July 22, 2020, at the Hilton Vancouver Washington, 301 W. 6th Street, Vancouver, Washington 98660.

The matters to be presented for action at the meeting are a proposal to increase the total number of authorized shares of common stock from 700,000,000 to 800,000,000 shares, as further described in the enclosed proxy statement, and a proposal to approve the adjournment of the special meeting to solicit additional proxies if there are insufficient proxies at the special meeting to approve the foregoing proposal.

We are excited about the future of our company and look forward to answering questions from our stockholders at our special meeting. Whether or not you can attend, it is important that your shares are represented and voted. Please sign, date, and return your proxy, or submit your proxy by telephone or Internet as instructed on the enclosed proxy card.

Sincerely,
LOGO
Nader Z. Pourhassan, Ph.D.
President and Chief Executive Officer
Click to expand...
That's normal for a company in this position. But if you see a reverse split so that they can get the stock price high enough to uplist, then run for the hills. 

 
sporthenry said:
I mean wouldn't a pharma player have to file something? At this rate, it wouldn't take much to get above that 10% threshold at the very least. I was never good with the forms but wouldn't they have to disclose it as a proposed activist position sooner than later?

It does look like at least one day trader, Timothy Sykes got a hold of it. Will be interesting price dynamics. I would think a pullback once shorts get squeezed may be healthy assuming the bottom doesn't fall out of it. 
Click to expand...
Unless the rule has changed, you don't have to report unless you own >5%.

5% of 500MM is 25MM shares.  That's a month or two of "smart" buying (being~25% of overall buy volume) or a couple weeks of aggressive buying.

 
Well I’ll be. Damn solid day. CYDY, FSLY and LVGO just straight running up the hill. Bunch of other tech rolling but those have just exploded lately. 

 
Seems retail and leisure stuff taking a beating lately.   Really anything requiring a group of people in one area.   Sounds familiar.

People scared more shutdowns coming?  I think people are more scared of places being closed for legal purposes than the virus itself.  

 
CR69 said:
Looks like tech?
Click to expand...
100% is. I’m very big long term on tech names although still in other areas (Amazon’s a pretty big retailer and lots of healthcare/biotech/whatever). I’ve got index type funds in my 401ks, but my self managed is very much in the tech bucket, which is an extremely broad term. It’s beating the S&P by 46% YTD.

 
This stock market thing is a lot more fun when Blmn is bounce up and down and not going straight down.

 
fantasycurse42 said:
I basically agree with all of this. The buy alerts came in from Chet when this was trading in the high 20 cent range. It’s his tip, he’s invested, we know he’s a sharp dude, I follow him blindly on this one. I differ from this statement in one way:

I just bought and held. I made one sale around $1.20 and rebought around 80 cents, this was a while ago. I feel I got lucky and decided I can’t sell to accumulate more and risk chasing higher. There were posters in here selling $3.50 last week, now what do they do? Sure, it can drop to $1.50, but it could also go to $5; avoiding those decisions will guarantee me the upside while I’m aware of the risks of $0. 
Click to expand...
I think you're misunderstanding slightly. I'm not selling my initial to accumulate. I originally decided I was comfortable exposing $x total and not a $ more. I got to that point relatively quickly, and I've kept those shares the entire time. I haven't sold one of them.

That was going to be the height of my risk tolerance with this stock. But with the volatility in the stock and the run up it's had, I decided I was good taking on a little extra exposure periodically (with no intent to make that added exposure a long-term thing). So every time it has dipped substantially into the $2s, I've added an additional 2k shares above and beyond my initial.

So if I started with 20k shares at $20k (I didn't), I've left all of that untouchable. I then add anther 2k shares for $5k, wait and sell 1500 of those 2k shares for $5k and essentially add 500 shares with no basis. Just playing the volatility in addition to my initial buy-in.

 
stbugs said:
100% is. I’m very big long term on tech names although still in other areas (Amazon’s a pretty big retailer and lots of healthcare/biotech/whatever). I’ve got index type funds in my 401ks, but my self managed is very much in the tech bucket, which is an extremely broad term. It’s beating the S&P by 46% YTD.
Click to expand...
This can't go on forever????  Eventually the rest of the market will have to catch up of the techs will have to pull back????

 
stbugs said:
Usually, reverse splits indicate that the stock has been going way down and it’s a desperation attempt to stay listed. Reverse stock splits are bad news unless it’s a RH favorite. 
Click to expand...
Gotcha.  I believe it can also be good if the purpose is to get above thresholds that certain institutional investors have (for example can’t buy shares of below $10/shr)

if cydy reverse split tomorrow I wouldnt see it as bad.  If they went back down to .40 and reversed from there...yah desperation 

 
Last edited by a moderator:
BassNBrew said:
This can't go on forever????  Eventually the rest of the market will have to catch up of the techs will have to pull back????
Click to expand...
I’ve been scared for a while. I’d assume so, but it hasn’t happened. I was planning to hold on for years and I likely will through ups and downs. I still have a decent chunk of cash ready for a drop, but like LVGO, I just decided I couldn’t wait anymore and that’s up 25% now in a couple weeks. I’m very paranoid about the floor dropping out but I’ll be honest that I’d much rather have LVGO and FSLY for the next five years than BLMN, MGM, DFS and other non tech names that have been mentioned a lot in here.

 
ghostguy123 said:
Seems retail and leisure stuff taking a beating lately.   Really anything requiring a group of people in one area.   Sounds familiar.

People scared more shutdowns coming?  I think people are more scared of places being closed for legal purposes than the virus itself.  
Click to expand...
I don't know if it'll be shutdowns. I doubt we ever get shutdowns to the extent we got over the past few months. But could be localized shutdowns. I think it's more, in order to stave off further shutdowns, it will be hurting these leisure stocks. Not to mention, they've been incredibly overvalued, at least under the assumption that people aren't getting on cruises until September and likely remainder of the year. 

AAL is raising $3.5 billion via debt, equity and converts. Their current market cap is ~$6.3bn. Sot they're essentially raising more than half their market cap. Folks don't seem to understand debt or the dilutive impact of equity raises. I don't feel like running the math but in order to be a $30 stock again, AAL would have to be worth way more than it was worth in February, which seems crazy to me. That type of liquidity likely takes off any near-term talk of bankruptcy but it's going to be a long slog. If RH wants to stay in a dead money stock for 2 years, have at it. 

 
Last edited by a moderator:
ghostguy123 said:
Seems retail and leisure stuff taking a beating lately.   Really anything requiring a group of people in one area.   Sounds familiar.

People scared more shutdowns coming?  I think people are more scared of places being closed for legal purposes than the virus itself.  
Click to expand...
Shutdowns or just really prolonged limited capacity. Either makes sense and dampens hype. 

My only problem today is I'm out of cash to buy.

 
sporthenry said:
I don't know if it'll be shutdowns. I doubt we ever get shutdowns to the extent we got over the past few months. But could be localized shutdowns. I think it's more, in order to stave off further shutdowns, it will be hurting these leisure stocks. Not to mention, they've been incredibly overvalued, at least under the assumption that people aren't getting on cruises until September and likely remainder of the year. 

AAL is raising $3.5 billion via debt, equity and converts. Their current market cap is ~$6.3bn. Sot they're essentially raising half more than half their market cap. Folks don't seem to understand debt or the dilutive impact of equity raises. I don't feel like running the math but in order to be a $30 stock again, AAL would have to be worth way more than it was worth in February, which seems crazy to me. That type of liquidity likely takes off any near-term talk of bankruptcy but it's going to be a long slog. If RH wants to stay in a dead money stock for 2 years, have at it. 
Click to expand...
Regardless of shutdowns (which I don't really anticipate more), I believe the market might be realizing consumers aren't going to be out and about until there is a vaccine or viable treatment (I'm looking at you Leronlimab). 

 
sporthenry said:
I don't know if it'll be shutdowns. I doubt we ever get shutdowns to the extent we got over the past few months. But could be localized shutdowns. I think it's more, in order to stave off further shutdowns, it will be hurting these leisure stocks. Not to mention, they've been incredibly overvalued, at least under the assumption that people aren't getting on cruises until September and likely remainder of the year. 

AAL is raising $3.5 billion via debt, equity and converts. Their current market cap is ~$6.3bn. Sot they're essentially raising half more than half their market cap. Folks don't seem to understand debt or the dilutive impact of equity raises. I don't feel like running the math but in order to be a $30 stock again, AAL would have to be worth way more than it was worth in February, which seems crazy to me. That type of liquidity likely takes off any near-term talk of bankruptcy but it's going to be a long slog. If RH wants to stay in a dead money stock for 2 years, have at it. 
Click to expand...
My thoughts exactly and why I’ve avoided “value” like that. You are talking about companies that already run lean having little to no income for months depleting cash and adding debt. It’s not a good thing even if things return to normal. That’s a big hit. 

 
In and out of FMCI for a 7% gain today.  This and Opes have replaced Blmn and the trading stocks.

 
Charlie Harper said:
Damn. I hate having cash settled account. Sold some of my index fund to buy more CYDY on Thursday but didn't settle in time.
Click to expand...
I have good exposure to CYDY but I wanted to buy quite a bit more.  I added $10k to my account to buy an additional 10k shares back when it was at $1 but since it's OTC I had to wait for the cash to settle (normally would have instant buy ability).  CYDY gapped up from $1 to $3 while I was waiting for that cash to settle :kicksrock:

 
BassNBrew said:
In and out of FMCI for a 7% gain today.  This and Opes have replaced Blmn and the trading stocks.
Click to expand...
Try SHLL as well. Another SPAC that announced their deal on Friday. Unfortunately, didn’t know until yesterday and it is basically at where it opened this morning.

 
stbugs said:
Try SHLL as well. Another SPAC that announced their deal on Friday. Unfortunately, didn’t know until yesterday and it is basically at where it opened this morning.
Click to expand...
I may look for a starter position if it drops back into the 16s.

 
Chaz McNulty said:
I don't like hearing this.

DEF 14A sec filing
June 22, 2020

Dear Stockholder:

You are cordially invited to attend a special meeting of stockholders of CytoDyn Inc. (the “Company”) to be held at 9:30 a.m., Pacific Time, on Wednesday, July 22, 2020, at the Hilton Vancouver Washington, 301 W. 6th Street, Vancouver, Washington 98660.

The matters to be presented for action at the meeting are a proposal to increase the total number of authorized shares of common stock from 700,000,000 to 800,000,000 shares, as further described in the enclosed proxy statement, and a proposal to approve the adjournment of the special meeting to solicit additional proxies if there are insufficient proxies at the special meeting to approve the foregoing proposal.

We are excited about the future of our company and look forward to answering questions from our stockholders at our special meeting. Whether or not you can attend, it is important that your shares are represented and voted. Please sign, date, and return your proxy, or submit your proxy by telephone or Internet as instructed on the enclosed proxy card.

Sincerely,
LOGO
Nader Z. Pourhassan, Ph.D.
President and Chief Executive Officer
Click to expand...
I think NP indicated they wouldn't issue the whole amount of the increase but a small portion. Does give some ammo to doubters though.

 
Honestly I'd be down for an offering right now for the opportunity to buy on the dip.  15% share dilution isn't going to matter if this thing gets uplisted and puts out some good COVID news.

 
Moonlight said:
I think NP indicated they wouldn't issue the whole amount of the increase but a small portion. Does give some ammo to doubters though.
Click to expand...
My issue is that when they don't have a specific use of the new shares, many will get used for executive compensation.  NP just got a raise.

 
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 3 4
Replies
185
Views
3K
Harry Manback
Harry Manback

Users who are viewing this thread

  • Total: 6 (members: 1, guests: 5)
    Back
    Top