Stock Thread (18 Viewers)

[beef]

All the way to your computer. It's a strain.

  My traditional auto buying and maintaining ways seem to be as ancient as my gas burning.

 

[Don Hutson]

https://www.valuewalk.com/2020/07/privet-upg-synalloy-board/

After joining Culper Research on the short side of biotech company CytoDyn’s stock last week, Citron Research promptly removed its short report form its website less than a day after posting. Citron’s founder Andrew Left told Activist Insight Online that the report was removed after he received threats of violence, though gave no indication of who made the threats.

Left stated that he has been in "close contact" with the FBI and is planning to republish the report, while CytoDyn’s general counsel Arian Colachis told Activist Insight Online that the "company had nothing to do with Citron’s posting going up or down."

In its report, Citron claimed CytoDyn’s alleged COVID-19 treatment is based on "zero data" and argued that the company has used the pandemic as a stock promotion. Citron said that CEO Nader Pourhassan has made "inappropriate" claims about the company’s Leronlimab drug, saying that it "looks [like] the solution to coronavirus," before selling his stocks. Citron added that Pourhassan has sold around $30 million worth of stock. The short seller has urged the Securities and Exchange Commission to "immediately halt" CytoDyn’s stock.

 

[General Malaise]

Next time leave it with a guy named grease monkey instead of Doc.

I had two choices on Friday afternoon at 3pm in Seaside, OR:  Doc or Snooks.  Those were the two.  And when I called Snooks and listened to his rambling VM message about how the Covid has caused all sorts of ruckus to his business, I decided to give Doc the business.  

Moral of the story is, don't have a family.

 

[General Malaise]

I've had one for a little over a year and a half. There are things they can not fix without taking it to a shop, but yes, the mobile repair option is handy. There are also other things that need repaired, and I'm fortunate mine has been under warranty, as I've been in a few times with issues. 

That said, it's still the best car I've ever owned by a significant margin. It's so much fun to drive it's ridiculous. A speeding ticket is an inevitability, though none so far. And I don't know that I could ever go back to my primary mode of transportation being an ICE car. 

Did you know @Smoo has one?  He loves it!  Drove it down from Vancouver Island, BC to I think So Cal and back.  

 

[kevzilla]

Moral of the story is, don't have a family.

Wait, they're stuck in Seaside? Win-win!

 

[General Malaise]

Wait, they're stuck in Seaside? Win-win!

No, Doc wouldn't let me leave them there. 

 

[fantasycurse42]

Citron added that Pourhassan has sold around $30 million worth of stock.

What was the final story with this? This is the one thing that gives me hesitation. He exercised his options, it cost him $0, and he put the money into the company? Is that the story? 

 

[kevzilla]

FWIW I'm not sold on the Brazilian president having COVID. Calling him shady is charitable, and he may just be trying to talk his population into accepting chloroquine.

 

[St. Louis Bob]

Although I'm happy to see so many people interested in this thread lately, from one degenerate to another, I find the developments here since the pandemic late 90's stock market alarming.

Please be careful and don't buy more than you can afford.

That is all.

 

[Don Hutson]

he put the money into the company? Is that the story? 

I think he kept suggesting that he could do that but never confirmed that he did do that.  He also kept saying that he deserved the money and it was his right to take it.  And then would say that he wasn't going to answer any more questions on the subject.

 

[Pipes]

What if they change the way we drive and "consume" driving? And batteries? And power?

That would go along way in justifying their current stock price.  I get it it's more than a fancy car and Elon Musk is an innovative genius but this just reminds me too much of the dot.com era where people were throwing crazy money on hopes and dreams vs actual earnings and performance. 

 

[Don Hutson]

FWIW I'm not sold on the Brazilian president having COVID. Calling him shady is charitable, and he may just be trying to talk his population into accepting chloroquine.

That was my first thought.  Jair is definitely getting on Trump's good side by publicly stating that he is taking hydroxycholorquine.  It sucks that this HCQ study came out since it might cause Trump to not accept any other treatments.  Hopefully, leronlimab's data is so impressive that it can't be ignored.

 

[Bob Sacamano]

Did you know @Smoo has one?  He loves it!  Drove it down from Vancouver Island, BC to I think So Cal and back.  

I did not. That would be a painful trip imo. I've done San Diego and Palm Springs, and if I hit Vegas in Sept, there's a decent chance I end up just driving it.  I just don't think that kind of distance with an EV is in my nature, though. I'm too much of a drive as long as humanly possible before making one stop for food and fuel, rinse, repeat kind of person.

 

[bshell27]

I think he kept suggesting that he could do that but never confirmed that he did do that.  He also kept saying that he deserved the money and it was his right to take it.  And then would say that he wasn't going to answer any more questions on the subject.

I’m confused.  Didn’t he put money in, not take out?

This kind of info makes me hesitate, but from other news it sounds like this is ready to shoot up again.  

 

[Bob Sacamano]

That would go along way in justifying their current stock price.  I get it it's more than a fancy car and Elon Musk is an innovative genius but this just reminds me too much of the dot.com era where people were throwing crazy money on hopes and dreams vs actual earnings and performance. 

I'm with you

 

[Slapdash]

PPL down to 25.35.  6.5% dividend at this price

Why do you like them in particular? Just the dividend? I've been slowly adding some utilities. 

 

[cosjobs]

I’m in at $141. With the China news I don’t know if we’ll see the 120s anytime soon. 

I got to thinking about this and decide to pick up 100 shares when it dipped into the 130s (barely). Up nicely since then. I do worry about the headwinds of competitors and all the GMO #### they use, but it should be able to crawl back to the 160s

 

[BassNBrew]

Took my 3% on Beyond and called it a day.  Accidentally purchased it on margin and want to free those funds up.

 

[BassNBrew]

PPL down to 25.35.  6.5% dividend at this price

Why do you like them in particular? Just the dividend? I've been slowly adding some utilities. 

I believe it's a Todem approved stock.  Went that direction because several here like it so I'm riding their research as opposed to doing my own in this sector.  I've traded it a few times and have had success when buying it on the dips.

 

[JetMaxx]

I have yet to get in on DOCU. Seems like it’s still a good buy, the sky is the limit. Thoughts?

 

[BassNBrew]

Took my 3% on Beyond and called it a day.  Accidentally purchased it on margin and want to free those funds up.

Opps, hit buy rather than sell.  Picked up an extra 80 cents on that mistake.

 

[ex-ghost]

Opps, hit buy rather than sell.  Picked up an extra 80 cents on that mistake.

Lots of accidents in these Beyond transactions

 

[JetMaxx]

Lots of accidents in these Beyond transactions

As long as there’s not a lot of accidents after eating it I think we’re good

 

[BassNBrew]

I have yet to get in on DOCU. Seems like it’s still a good buy, the sky is the limit. Thoughts?

This is the type of stock I never seem to buy.  I use the product, but dang it's been around for years.  It's up 4x in the last year, but I can't imagine sales being up 4x.

 

[adonis]

What are y'alls thoughts?  Is a potential Biden win already priced in, or is the market currently looking more short term than that?  (Not ruling out possibility Trump wins either, just based on current polling is all.)

Not a political post, truly asking whether the election has started to factor in yet or if it's too far out right now.

 

[Don Hutson]

I’m confused.  Didn’t he put money in, not take out?

This kind of info makes me hesitate, but from other news it sounds like this is ready to shoot up again.  

Nader exercised stock options and then sold the stock.  The narrative is that he had to pay a percentage to CytoDyn to exercise the options which provided revenue to CytoDyn at a time they badly needed it.  But he could have exercised the options and not sold the stock.  Selling the stock didn't help CytoDyn unless he loaned them money afterward.  Every time he talked about loaning money to CytoDyn, he talked of it as a possibility instead of something that actually happened.  And when pressed, he would say he has answered all questions about it already and won't answer any more questions.  The stock sale occurred the day after Fauci named remdesivir the standard of care which they knew would make leronlimab's trials difficult to enroll.

 

[fantasycurse42]

I think he kept suggesting that he could do that but never confirmed that he did do that.  He also kept saying that he deserved the money and it was his right to take it.  And then would say that he wasn't going to answer any more questions on the subject.

This seems like a major question mark, no? This is legitimately a question we should ask; why take so much off if you believe the share price is going to the moon one day?

This is the only thing that gives me major pause and question this guy... 

 

[The General]

I'm thinking of getting a Tesla with my Lebron Limade profits.  I like hippie chicks.  I figure having an electric car might help me get laid.

Go do the test drive. If you are serious about getting a car I bet you won’t leave the showroom without ordering one.

Only advice is don’t drive the crazy fast model of which ever one you are looking at first unless you are ready to shell out the extra moola.

 

[CR69]

This is the type of stock I never seem to buy.  I use the product, but dang it's been around for years.  It's up 4x in the last year, but I can't imagine sales being up 4x.

In my world (mortgage lending) we're using A LOT more now with COVID-19 and are even moving to electronic signing at closing in states and/or counties that allow it. I also don't own any

 

[cosjobs]

I got to thinking about this and decide to pick up 100 shares when it dipped into the 130s (barely). Up nicely since then. I do worry about the headwinds of competitors and all the GMO #### they use, but it should be able to crawl back to the 160s

And got nervous, took a 500 profit, keeping 10 shares

 

[cosjobs]

I have yet to get in on DOCU. Seems like it’s still a good buy, the sky is the limit. Thoughts?

I think it's used predominantly in real estate, so keep an eye on that market for home loans

 

[stbugs]

This is the type of stock I never seem to buy.  I use the product, but dang it's been around for years.  It's up 4x in the last year, but I can't imagine sales being up 4x.

I missed out on buying it in March. Just like a bunch of others on my watchlist and it was at $68. That said it’s damn expensive $36B market cap on $1B in revenue and earning about $0.12 a quarter the last 2 or 3. Not sure I see buying in now. TWLO has a similar market cap but more revenue and its revenue has been close to doubling each year, much higher growth rate than DOCU but similarly priced. I’d much rather own TWLO.

 

[steelerfan1]

bought a little more JPM and now a first time purchaser of PPL.

 

[General Malaise]

I did not. That would be a painful trip imo. I've done San Diego and Palm Springs, and if I hit Vegas in Sept, there's a decent chance I end up just driving it.  I just don't think that kind of distance with an EV is in my nature, though. I'm too much of a drive as long as humanly possible before making one stop for food and fuel, rinse, repeat kind of person.

Agreed.  When I worked for CASE I drove everywhere all the time, almost always alone.  I'd stop for gas and snacks and that was usually it.  I was in my early 20s and usually racing back to Portland from such luxurious hot spots like Moses Lake or Pullman on a Friday.  Pedal down and go go go.....

Also racked up over 10 speeding tickets in 3 years.

 

[djmich]

This seems like a major question mark, no? This is legitimately a question we should ask; why take so much off if you believe the share price is going to the moon one day?

This is the only thing that gives me major pause and question this guy... 

Its a concern.

A few variables.

• I believe that the act of exercising the options creates a tax liability, you'd want to at minimum sell enough shares to cover your tax liability
  
• I don't know how much he owns in aggregate of CYDY, no matter what he believes diversification is good.  For him, the price had already went to the moon relative to exercise price.  Maybe he should wait until Saturn before getting off the ship completely...which leads me to:
  
• If he owns a decent chunk already then a sale of some makes sense.  Remember his job is already tied to the companies performance.
  

 

[fantasycurse42]

Its a concern.

A few variables.

• I believe that the act of exercising the options creates a tax liability, you'd want to at minimum sell enough shares to cover your tax liability
  
• I don't know how much he owns in aggregate of CYDY, no matter what he believes diversification is good.  For him, the price had already went to the moon relative to exercise price.  Maybe he should wait until Saturn before getting off the ship completely...which leads me to:
  
• If he owns a decent chunk already then a sale of some makes sense.  Remember his job is already tied to the companies performance.
  

Can someone find out what he is owed and what he currently owns? Should be public information. 

 

[Shula-holic]

What are y'alls thoughts?  Is a potential Biden win already priced in, or is the market currently looking more short term than that?  (Not ruling out possibility Trump wins either, just based on current polling is all.)

Not a political post, truly asking whether the election has started to factor in yet or if it's too far out right now.

I think it's baked in personally at probably a 3:2 or 7:4 type odds situation.  I just feel the market is trying to gauge the economy on the other side of Covid and when that other side may arrive.  For earnings that's the more pressing thing.

 

[LoadLetterPaper]

LVGO has been a BEAST since I bought in April. up $23 in last 2 days and 160% since I bought

 

[BassNBrew]

CAKE time.

 

[CGRdrJoe]

Its a concern.

A few variables.

• I believe that the act of exercising the options creates a tax liability, you'd want to at minimum sell enough shares to cover your tax liability
  
• I don't know how much he owns in aggregate of CYDY, no matter what he believes diversification is good.  For him, the price had already went to the moon relative to exercise price.  Maybe he should wait until Saturn before getting off the ship completely...which leads me to:
  
• If he owns a decent chunk already then a sale of some makes sense.  Remember his job is already tied to the companies performance.
  

Chet answered all of this a while ago but I have no idea how far back and there is no way I’m sifting through the past few months.

 

[FreeBaGeL]

Finally bailed on the majority of my NKLA.  Just brutal.  Expect it to moon tomorrow.

 

[Bob Sacamano]

I have yet to get in on DOCU. Seems like it’s still a good buy, the sky is the limit. Thoughts?

I own it. I have no plans to sell it. But I'd be hard-pressed to say now is a time I would be toe dipping. Valuation seems a little rich. But I'd say that about most of the market right now, so

 

[Smoo]

I did not. That would be a painful trip imo. I've done San Diego and Palm Springs, and if I hit Vegas in Sept, there's a decent chance I end up just driving it.  I just don't think that kind of distance with an EV is in my nature, though. I'm too much of a drive as long as humanly possible before making one stop for food and fuel, rinse, repeat kind of person.

It was a wonderful trip. I prefer to stop and stretch my legs once in a while, and see places I wouldn't normally see. So the recharging stops were welcome breaks in the day. And I don't know if this was coincidence or design, but the trip calculator in the car always seemed to time my recharging stops for either right around noon or right around 5-6pm. If that's a design feature, it's an awfully convenient one.

 

[-OZ-]

If I own an electric car, it will be a Taycan. I really want to get in the saddle of that and test it out, but we're not due for a new vehicle until 2022. I need a gigantic SUV anyways. 

Almost the same here, except our next vehicle will probably come in 2024 or so, after we're down to 3 kids at home. 

Wife wants a large SUV, maybe Tesla will have a better looking one by then.  It needs to pull a boat. (I wonder how long until Tesla makes electric boats). If we bought tomorrow it would probably be a Highlander.

 

[stbugs]

CYDY is definitely worrying me now. Still up nicely, but seems like that early Monday window around $10 was the window. Maybe it’s getting caught up in the overall frothiness and lack of news. Holding for now, but doesn’t seem like we’ll have any good news for a couple weeks and it’ll leak down.

 

[-OZ-]

CAKE time.

By the ocean?

 

[-OZ-]

CYDY is definitely worrying me now. Still up nicely, but seems like that early Monday window around $10 was the window. Maybe it’s getting caught up in the overall frothiness and lack of news. Holding for now, but doesn’t seem like we’ll have any good news for a couple weeks and it’ll leak down.

Neg 7% ‽

 

[sporthenry]

What are y'alls thoughts?  Is a potential Biden win already priced in, or is the market currently looking more short term than that?  (Not ruling out possibility Trump wins either, just based on current polling is all.)

Not a political post, truly asking whether the election has started to factor in yet or if it's too far out right now.

I personally think it's too far out and there are way too many unknowns. Not a binary situation as in the market in a win or not? But what do they think he does? His platform hasn't really been introduced. While the market would prefer a Trump win. Biden isn't a progressive so it depends how much he adopts from the left. If Warren gets a post in his cabinet, VP or otherwise, say goodbye to Wells and the banks. But it also depends on the make-up of Congress. Biden wins but Dems don't take Senate and unlikely he can really push through a ton including repealing tax reform. 

So it's impossible to know what all is priced in or even when the market may start to care. But beyond just Biden winning, it's the platform/margin of victory that will likely help determine how much the market reacts.

 

[-OZ-]

It probably doesn't matter but man I hate it when the market tanks in the last hour. More so than if it was just down all day.

 

[JerseyToughGuys]

It was a wonderful trip. I prefer to stop and stretch my legs once in a while, and see places I wouldn't normally see. So the recharging stops were welcome breaks in the day. And I don't know if this was coincidence or design, but the trip calculator in the car always seemed to time my recharging stops for either right around noon or right around 5-6pm. If that's a design feature, it's an awfully convenient one.

SMOO!@#!~