Stock Thread (24 Viewers)

[McBokonon]

Added to $BL. Good earnings. Stock might consolidate for a while but the company is doing well. Added to $FVRR. If it makes it into the 150’s I’ll do it again. This is a gift IMO for long term investors.

 

[ChiefD]

When the F are we going to hear something about HGEN?  This is getting real worrisome. 

Two weeks?

 

[Steeler]

Two weeks?

Still funny  

 

[Capella]

When the F are we going to hear something about HGEN?  This is getting real worrisome. 

Yea nobody knows. From what I understand we are just out of the expected window so you’d hope soon. 
 

There was a news article this week about how the FDA was calling in all the help necessary from all other projects to grant full approval to the vaccines. I wonder if that could lead to an EUA delay. 

 

[Capella]

Did not expect my crypto stuff (mainly ETH) to bounce back this quickly. Guess it could go down 75% again tomorrow but for now it’s good to see. 

 

[2Squirrels1Nut]

When the F are we going to hear something about HGEN?  This is getting real worrisome. 

Thanks for the reminder.   This sure seems like a sell. 

 

[2Squirrels1Nut]

Had some meme "expert" on the late show on CNBC Friday claim DKNG was the next big stock to be driven up.  Man would that be sweet.

 

[Desert_Power]

I do not get BAND. Last year 50% growth, this year on plan for 40% growth and a P/S of 6. In the tech space, there’s tons of stocks growing at that pace with much larger P/S ratios. Seems like they continue to hit their numbers well including new customers and a good dollar retention rate but they must be getting ignored. It’s weird. I own NET too and that’s extended a bit. Last quarter was 53% growth but their forward P/S is like 50. BAND’s quarterly growth was 57%. The premiums are ridiculously different and actual revenue wise NET is on pace for $600M+ and BAND is on pace for $500M. Market caps are $36B to $3B. What in the heck am I missing?

Yeah, not sure. Getting closer to profitability should help and they don't have the brand Cloudflare does in the public consciousness

 

[2Squirrels1Nut]

Pretty good calls.

Just doubled up on EXAS, it has been lagging. Still, the legitimate prospect of a blood test to detect cancer is something we all hope comes to fruition. 

ETA

Was really just looking for when I mentioned EXAS,not humble bragging. At least not this time.

Announced an acquisition, stock falls 6.5% the next day.

ETA. Possible acquisition 

 

[Dwayne Hoover]

Hopefully we get a decision on HGEN this week.  It still seems like the odds should be in their favor for an EUA based on what info is out there.  The market doesn't entirely believe it though, I think it's safe to say that.

There are also buyers waiting before they put money into a binary event.  I definitely don't have everything I want in it up front and will try to buy more first thing if we find out an approval is happening.

 

[The General]

Had some meme "expert" on the late show on CNBC Friday claim DKNG was the next big stock to be driven up.  Man would that be sweet.

Seems like a perfect match. Make it happen meme nerds. 

 

[Capella]

Hopefully we get a decision on HGEN this week.  It still seems like the odds should be in their favor for an EUA based on what info is out there.  The market doesn't entirely believe it though, I think it's safe to say that.

There are also buyers waiting before they put money into a binary event.  I definitely don't have everything I want in it up front and will try to buy more first thing if we find out an approval is happening.

from what I gather, any EUA announcement will come after hours, never before or during, so it may be a race to the line if it does happen. Should be interesting. 
 

I believe the trial results stated you’d be 9x more likely to live if you took it (don’t quote me on that) so it’s hard to see how it gets denied. But stranger things have happened. 

 

[identikit]

23 and me ($ME) having a nice day today..

Up 6.44%

Still in the red on this one, but not not nearly as bad.

 

[kevzilla]

It's definitely Monday at Fidelity, where they have apparently misplaced the cost basis for my BX purchase. Also, it appears BLDP is catching some pin action off the PLUG quarter. Lord knows they didn't cover themselves in glory on their own.

 

[McBokonon]

Do any DKNG holders in here think online sports betting might be quickly commoditized? 

Combined sports betting market share for FanDuel and $DKNG has gone from over 80% in June 2020, to less than 60% in March 2021. 10 players in this market, 7-8 of them well-financed.

This is what I was warning about. Tons of growth in the sector, but nothing to really differentiate the online books. The real money/pros will go to whatever site has the best odds for a particular event, and the casual gamer will spread out to whoever has a promo and be unable to move the needle much, anyway. Already was one of the lowest margin businesses in a casino. 

 

[identikit]

I have (probably) too much exposure to gambling stocks (11.5% DKNG and 1.25% SCR---will be PENN eventually).

I sold some DKNG @ $70....looking to sell some more when it returns to that level.

Will likely sell PENN when it the merger is complete.

Thanks @McBokonon for the take.

 

[stbugs]

Having a solid day and of course FLGT and UPST popping today when I was thinking of adding more pre-earnings. I don’t wish bad on them but argh, wanted to build u even more. I’m at about 3 combined full shares but I really like both long. Let’s see how they finish but I’m a bit disappointed that they are holding up so well.

 

[stbugs]

Oh and bless you CRNC. Don’t know if anyone tailed me on this back last summer but it’s been a bumpy ride but had a great report this morning and up 11%. Bought a bit more than a full share and glad I did. I think it was at $36 or 38 when I got the rec and I bought it at $40 so I figured out the shares I would have bought for a full share and just spent extra. Not quite at the ATH but for a sizable investment it’s nice to see a triple and feel good about the future.

 

[Bob Sacamano]

Having a solid day and of course FLGT and UPST popping today when I was thinking of adding more pre-earnings. I don’t wish bad on them but argh, wanted to build u even more. I’m at about 3 combined full shares but I really like both long. Let’s see how they finish but I’m a bit disappointed that they are holding up so well.

After last quarter, I thought we'd get another shot at FLGT at much lower prices ahead of earnings. Delta really ramping up expectations the last month.

 

[stbugs]

After last quarter, I thought we'd get another shot at FLGT at much lower prices ahead of earnings. Delta really ramping up expectations the last month.

I added some at $75 just a couple weeks ago or last week, can’t recall. Just should have loaded up. Same with UPST. Maybe we’ll get post news drops because they’ve rallied. I’ve got a decent amount but feeling like I want more for a long term run. 

 

[Harry Frogfish]

Combined sports betting market share for FanDuel and $DKNG has gone from over 80% in June 2020, to less than 60% in March 2021. 10 players in this market, 7-8 of them well-financed.

This is what I was warning about. Tons of growth in the sector, but nothing to really differentiate the online books. The real money/pros will go to whatever site has the best odds for a particular event, and the casual gamer will spread out to whoever has a promo and be unable to move the needle much, anyway. Already was one of the lowest margin businesses in a casino. 

The market share battle worries me.  However I do think DKNG has aligned themselves with enough heavyweights to weather the storm.  Disney, Kraft, Jones, Wrigley, MLB, NFL, the list goes on, even Tom Brady now, lol.  They've made strong inroads and I'm all for the big marketing push early on -- they've been everywhere -- even though they intend to pull back a little now.  Still a long way to go with this thing as other states embrace the inevitable, imo.

Branding is big to me and I see them as a strong one in this space.  MGM and Caesar's/Hill (they should drop the William Hill part) have a leg up in that area.

Speaking of branding, DKNG bought Golden Nugget online gaming today; great name (and nice customer base).  LINK.

I'm holding at least until we see which way the Cali vote will go 11/22.  The 5th largest economy in the world (bigger than the UK now) opening up for sports betting?  They are ripe for allowing it, bring it.

To think about simply whipping out your phone to get a legal bet in -- on the next play no less -- is crazy but the time is here.

 

[ericttspikes]

Sitting at 5x in my BNTX shares I bought last summer. Crazy. Think I'm going to trim a bit to cover my initial investment and let the rest roll. 

 

[Desert_Power]

It's definitely Monday at Fidelity, where they have apparently misplaced the cost basis for my BX purchase. Also, it appears BLDP is catching some pin action off the PLUG quarter. Lord knows they didn't cover themselves in glory on their own.

Back to flat on BLDP  

 

[identikit]

$LESL up 6ish% today

Looking at you @KGB

 

[BassNBrew]

Sitting at 5x in my BNTX shares I bought last summer. Crazy. Think I'm going to trim a bit to cover my initial investment and let the rest roll. 

Thanks for the heads on this one.  5 bagger is nice.  Wish owned more of this and less of Amazonk.

 

[dkp993]

20 hours ago, Dwayne Hoover said:
Hopefully we get a decision on HGEN this week.  It still seems like the odds should be in their favor for an EUA based on what info is out there.  The market doesn't entirely believe it though, I think it's safe to say that.

There are also buyers waiting before they put money into a binary event.  I definitely don't have everything I want in it up front and will try to buy more first thing if we find out an approval is happening.
Expand  

from what I gather, any EUA announcement will come after hours, never before or during, so it may be a race to the line if it does happen. Should be interesting. 
 

I believe the trial results stated you’d be 9x more likely to live if you took it (don’t quote me on that) so it’s hard to see how it gets denied. But stranger things have happened. 

HGEN making a bit of a run today.   that someone knows something.  

 

[Capella]

HGEN making a bit of a run today.   that someone knows something.  

I’m hoping but only 700k shares volume. 
 

I bought more this morning. 

 

[KGB]

$LESL up 6ish% today

Looking at you @KGB

I DCA'd SO, Im in the Green now.  You should be too or close.  I'm holding through today.  Very happy for a nice green day.  

 

[McBokonon]

The market share battle worries me.  However I do think DKNG has aligned themselves with enough heavyweights to weather the storm.  Disney, Kraft, Jones, Wrigley, MLB, NFL, the list goes on, even Tom Brady now, lol.  They've made strong inroads and I'm all for the big marketing push early on -- they've been everywhere -- even though they intend to pull back a little now.  Still a long way to go with this thing as other states embrace the inevitable, imo.

Branding is big to me and I see them as a strong one in this space.  MGM and Caesar's/Hill (they should drop the William Hill part) have a leg up in that area.

Speaking of branding, DKNG bought Golden Nugget online gaming today; great name (and nice customer base).  LINK.

I'm holding at least until we see which way the Cali vote will go 11/22.  The 5th largest economy in the world (bigger than the UK now) opening up for sports betting?  They are ripe for allowing it, bring it.

To think about simply whipping out your phone to get a legal bet in -- on the next play no less -- is crazy but the time is here.

I don’t think they’ll fail or anything. They may be very successful and make shareholders some money along the way. I just don’t see the optionality or moat to make them the multi-bagger I look for when investing in growth.

 

[urbanhack]

Looks like there’s a sale on $FVRR today. Numbers were great, getting smashed because they slightly lowered guidance and attributed it to people being online less as they take vacations and such, so it’s a temporary seasonal thing. I trust management on this one. I’ll buy some more today premarket and maybe add to ETSY but that position size is already up there so we’ll see.

Bought this on the dip....thanks!

 

[McBokonon]

After last quarter, I thought we'd get another shot at FLGT at much lower prices ahead of earnings. Delta really ramping up expectations the last month.

Getting hit after hours with revenue and earnings misses - they say the COVID testing slowed down even more than they expected. Bought CSI labs, made another strategic investment.

This is a good example of keeping your focus on a company’s performance instead of the stock price or market noise. Revenue grew 790% y/y; Core revenue up 296% y/y; Gross margin improved by 21%. But the analysts guessed wrong so it’s down 12%. It’s trading almost to where it was all the way back last Tuesday.

 

[Bob Sacamano]

Getting hit after hours with revenue and earnings misses - they say the COVID testing slowed down even more than they expected. Bought CSI labs, made another strategic investment.

This is a good example of keeping your focus on a company’s performance instead of the stock price or market noise. Revenue grew 790% y/y; Core revenue up 296% y/y; Gross margin improved by 21%. But the analysts guessed wrong so it’s down 12%. It’s trading almost to where it was all the way back last Tuesday.

This is the only number I really care about. Curious what the Core Q/Q number looks like, though. Can they keep leveraging the relationships they established during the pandemic to turn them into sustainable growth? And is it continuing (which is why I want to find the Q/Q)?

 

[McBokonon]

This is the only number I really care about. Curious what the Core Q/Q number looks like, though. Can they keep leveraging the relationships they established during the pandemic to turn them into sustainable growth? And is it continuing (which is why I want to find the Q/Q)?

I’ll check their slides since that isn’t in the release but they did raise their previous full year guidance on core revenue from $100million to $110million. Looking through the last release that $100million guidance was itself raised from $70million

 

[stbugs]

Getting hit after hours with revenue and earnings misses - they say the COVID testing slowed down even more than they expected. Bought CSI labs, made another strategic investment.

This is a good example of keeping your focus on a company’s performance instead of the stock price or market noise. Revenue grew 790% y/y; Core revenue up 296% y/y; Gross margin improved by 21%. But the analysts guessed wrong so it’s down 12%. It’s trading almost to where it was all the way back last Tuesday.

Nice. Didn’t buy any today but like Bob, I’m long term. People think COVID is their core going forward and it isn’t. It’s just a gravy train of revenue that has given them a free hoard of cash.

 

[stbugs]

I’ll check their slides since that isn’t in the release but they did raise their previous full year guidance on core revenue from $100million to $110million. Looking through the last release that $100million guidance was itself raised from $70million

NGS revenue was $16.7M for Q1, so more than 50% QoQ growth in it. In Q1 they raised it from $70-$100M so glad they re-raised it again. Based on AH, their P/S based on this year’s expected NGS revenue is about 25 (based on actual revenue it’s 2.5) and that’s not including the $800M in cash. That’s not bad considering Q1 growth was 115% YoY and Q2 was 290% YoY. Seems like the extra CV cash is letting them do expansions they might not have been able to do without dilution or waiting longer. Would be interesting to see how much revenue the acquisitions will add.

 

[stbugs]

Here’s to hoping that we see it get pounded in the morning. I’d love to get back in some more at the $75 at which I got another 50 shares a few weeks ago. Still can’t believe that I sold all my shares last year after doubling up. That worked great on ZM and FSLY since I got lucky and sold on peak day, but didn’t work out so hot on FLGT and some of my TTD (luckily sold some at $900 pre split and kept some).

 

[stbugs]

Down to $93. I may make some low limit orders and see if they hit. That’s down 15% and makes my P/S calcs look even better. Hard to tell with AHs. Will the market see it as an overreaction or will they get pummeled even more at the open?

 

[Sand]

PLTR sure seems to be drifting from 20-27 these days and is currently popping back up.  If we hit 27 I may take some off and hope it drifts back down to 21 for another round.

 

[KGB]

Anyone nail RIOT?

I was waiting for it to go down, but looks like we need to re look at the numbers.

 

[Nick Vermeil]

Anyone nail RIOT?

I was waiting for it to go down, but looks like we need to re look at the numbers.

I jumped too early after buying in late. Now waiting to see what happens. I’ve made a lot of money on it over the past year so happy to see what shakes out. 

 

[KGB]

I jumped too early after buying in late. Now waiting to see what happens. I’ve made a lot of money on it over the past year so happy to see what shakes out. 

I love me some RIOT, but I was buying when BTC was around 30-34k and then selling.

Now, I think I need to revise.

 

[Bob Sacamano]

If by nail you mean buy a lot in the $20s, sell half way too early, buy on the way down way to soon, and finally be back to positive despite still owning shares in the 20s, yes, I totally ####ing nailed it.

ETA: And not realize we're talking about RIOT rather than MARA. Lenny Dykstra nailed it.

 

[KGB]

If by nail you mean buy a lot in the $20s, sell half way too early, buy on the way down way to soon, and finally be back to positive despite still owning shares in the 20s, yes, I totally ####ing nailed it.

ETA: And not realize we're talking about RIOT rather than MARA. Lenny Dykstra nailed it.

Yeah, pretty much life I guess 

 

[metoo]

SO...

I think Im going to take $130k of $180K and move it into crypto...  Keep 50K for stocks.  Different cryptos...

I already have 90% or so in very safe stuff a financial advisor has us in.   I hate it, but keeps wife happy and alot of it she brought to the table.

Ok, but I wouldn't buy now .I would wait for a pullback. Also, I would only buy bitcoin and ethereum. Be safe in these crypto streets.

 

[KGB]

Ok, but I wouldn't buy now .I would wait for a pullback. Also, I would only buy bitcoin and ethereum. Be safe in these crypto streets.

Thank you.  Is this because of the govnt stuff going on?

Pleaae answer and see my update in the bitcoins thread

 

[McBokonon]

Busy $NNOX report today with earnings and merger announcements. With the merger, there will be a CEO change. This could be a positive as the CEO was why I exited my position to begin with. Still watching and likely waiting for the second FDA approval outside of quick trades.

 

[McBokonon]

$UPST and $U report after the close. Looking forward to this earnings season being over so I can round out some positions. In one IRA that doesn’t get new money, we have $ABNB, $FLGT, $UPST, $COST, and $ETSY. $ABNB reports tomorrow so after that I can finally round out positions and just let that account simmer. $U is in a different account that gets new money so I just want to see how they’re progressing outside of gaming.

 

[stbugs]

$UPST and $U report after the close. Looking forward to this earnings season being over so I can round out some positions. In one IRA that doesn’t get new money, we have $ABNB, $FLGT, $UPST, $COST, and $ETSY. $ABNB reports tomorrow so after that I can finally round out positions and just let that account simmer. $U is in a different account that gets new money so I just want to see how they’re progressing outside of gaming.

I want to add more FLGT and UPST and create new positions in GLBE and DOCN for long terms. FLGT gave me a bit of a gift/reprieve with the “miss” last night. Not sure I’ll get the same benefit from UPST. I’ve got a bigger position on UPST already but I am still looking at trimming stuff. Not really getting any new money per se just reallocations. All new money goes to tuitions and maxing out both our 401ks.

I may add some ABNB as well. I think this earnings may be a bit rougher.

One other thing is that I’m feeling a bit frothy again. Some stocks that haven’t been knighted are still way down like say SKLZ which I wouldn’t say is expensive at all now, but stocks that have done well are really stretching it again and at the same or higher ATHs as February. I’m getting a little concerned on that. Luckily, I am long term but starting to think that as companies hit great earnings and pop that I might trim more.

So much to think about in two paragraphs. SMH, I felt pretty set at the top of my post, now I’m not!

 

[McBokonon]

I want to add more FLGT and UPST and create new positions in GLBE and DOCN for long terms. 

$GLBE reports next Monday. I can’t imagine they can report anything to justify their valuation but it’s really been resilient. If the company is moving in the right direction, I’ll add regardless of what the share price does.

Love $DOCN the more I look into it. I’m about 75% in on that one already.

 

[stbugs]

$GLBE reports next Monday. I can’t imagine they can report anything to justify their valuation but it’s really been resilient. If the company is moving in the right direction, I’ll add regardless of what the share price does.

Love $DOCN the more I look into it. I’m about 75% in on that one already.

Yeah, if you look 5+ years out the valuations smooth out but you want to enter as good as possible. I just wasn’t trimmed yet when you mentioned GLBE before. U and UPST will give us some good ideas on how stretched we are if they have solid earnings but don’t pop. I know we had a big dip in mid May and also a mini one in mid July. Definitely feel like we may have more opportunities like that to keep adding.