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Stock Thread (27 Viewers)

Franklin Resources (BEN) up 11% today on news its buying Lexington Partners which is known for acquiring secondary stakes in private equity funds.  

If anybody needs me, I'll be Googling "Secondary states in private equity funds".....

I initially bought BEN for the juicy dividend it pays out, but this is nice too.  Whatever it is.....

 
Capella said:
Whatever happened to that whole gamma squeeze or mega squeeze thing?
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It was all BS.

A key narrative of the GameStop incident is that an army of retail traders set off a massive short squeeze by driving up stocks that hedge funds were betting against. They did so by flooding the market with purchase orders, forcing the hedge funds to also have to buy shares to cover their shorts, pushing GameStop even higher.

Yet the SEC said that story isn’t entirely backed up by the evidence. GameStop purchases by those covering shorts were “a small fraction of overall buy volume” and the company’s share price remained high even after the direct effects of such trades should have waned, according to the regulator. 
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But at least we shoved it to the man, and brought down the evil hedge funds, right?

Perhaps the biggest victim of bullish investors banding together on Reddit and other social media platforms to push GameStop higher was Gabe Plotkin’s Melvin Capital. The hedge fund had a big short on GameStop and its January losses led to the firm getting a $2 billion cash infusion from Ken Griffin’s Citadel and roughly $750 million from Steve Cohen’s Point72 Capital Management. Still, the SEC said the hedge funds mostly emerged from the situation unscathed.

“Staff believes that hedge funds broadly were not significantly affected by investments in GME and other meme stocks,” the regulator said in its report. “Staff did not observe that any advisers to private funds and registered funds experienced liquidity issues or difficulties with counterparties.”
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SFBayDuck said:
But at least we shoved it to the man, and brought down the evil hedge funds, right?
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The damage was always going to be limited to those funds that were stuck in GME.  It's not like this happened to AAPL, which everyone holds.  The fact that is torched one big hedge fund is pretty awesome, IMO.

The whole gamma squeeze thing went away when Robinhood, et. al. went sell only for a while.  That killed all the momentum and I don't see how it was ever going to get back to that point.  That was the boiler about to explode.  I have never owned GME, but Robinhood and the others should be on the hook for billions for that stunt.  It really did screw over the little guy.

 
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SFBayDuck said:
It was all BS.

But at least we shoved it to the man, and brought down the evil hedge funds, right?
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“The greatest transfer of wealth in history….” Blah blah blah.  Can’t believe I got suckered into buying that load of crap. Thankfully I was still smart enough to only use my gambling account money, viewing it like a bad night at the tables.   

 
Sand said:
I own both.  Trying to ignore them and check back in 5 years.  

IONQ also went semi-nuts today.  Makes up for the two As puking the bed this morning.
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:thumbup:   It was you I tailed on MTTR/MTTRW.  Even if it was a long play, what a great run its been on.  Taxable account for me but I'm not planning on selling these just yet.   

 
beef said:
Must be in the end of days now.  I'm green in BLDP.   Not selling but tempted to before the Horsemen come and take those profits from me.   
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No kidding. If I go green in both SOFI and BLDP on the same day my head might explode. 

 
Sand said:
Thanks for the note.  I have had it on my list to keep track of this, though I sold long ago (luckily before most of the 80% drop).  I still like the technology and need to figure if this is the right vehicle to buy and hold for a while.

----

In other news - IONQ, MTTR, SOFI 🚀🚀🚀
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I missed your sell call so I still own $26 shares.  For better or worse I bought more every dollar down and now sit 35% to the bad.  

 
Sand said:
The damage was always going to be limited to those funds that were stuck in GME.  It's not like this happened to AAPL, which everyone holds.  The fact that is torched one big hedge fund is pretty awesome, IMO.

The whole gamma squeeze thing went away when Robinhood, et. al. went sell only for a while.  That killed all the momentum and I don't see how it was ever going to get back to that point.  That was the boiler about to explode.  I have never owned GME, but Robinhood and the others should be on the hook for billions for that stunt.  It really did screw over the little guy.
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:goodposting:

The first big squeeze was legit and accomplished a lot, and could have accomplished a lot more if the brokers hadn't shut things down to save themselves.

After that all of the talk of a "gamma squeeze" was silly (it had already happened the first time and never got CLOSE to positioning itself for that again, but people just kept throwing around the term stupidly), but that shouldn't take away from what was a pretty epic run the first go-round.

 
SFBayDuck said:
Good thing I trimmed some TSLA several months back when I was worried it was getting ahead of itself.  That was only about 90% ago.  
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I'm down to about 1/3rd of my position that I bought in the low $600s or so.  Man this thing is like lightning.  Really wish I hadn't made my first big sale (about half) just before $800.

 
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BassNBrew said:
I missed your sell call so I still own $26 shares.  For better or worse I bought more every dollar down and now sit 35% to the bad.  
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Sorry, GB.  If it makes any difference I'd stuff it away and wait a while.  I do think the technology has huge potential.

 
Gilroy34 said:
Thank you for selling HGEN.  It was rebounded nicely this past week.
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Lol.  Ironically I was just doing the math a few mins ago on how much I lost out on by selling before this pop. Got out at 7.00 flat.  Im still good with my decision.  What I bought with my sell money popped today too so it’s almost a wash.  

 
Gilroy34 said:
Thank you for selling HGEN.  It was rebounded nicely this past week.
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Still holding some of that turd, down "only" 50% now.  

On the other hand little RVVTF jumped 21% today.  I already cashed out my initial stake in that and just have some freeroll shares left, but those are up 134% now with today's jump.  I know someone in here recommended that one last year, thanks!  

 
Next Monday is earnings. Interesting that they released this information now.  lol

Update: AMC Stock Jump 2.5% Premarket After Company Says October Was Best For Ticket Revenue Since Start Of The Pandemic -- MarketWatch

8:12 am ET November 1, 2021 (MarketWatch)

AMC Entertainment Holdings Inc. shares (AMC) jumped 2.5% in premarket trade Monday, after the cinema operator said October admissions revenue was the highest since the start of the pandemic. The company didn't offer hard numbers, but said domestic and international revenue was the highest since its theaters were closed early in 2020. "When the final tickets are counted for showtimes tonight, the domestic industry box office for October 2021 is estimated to come in considerably higher than that of any previous month since February of 2020. (The Covid-19 pandemic forced the closure of movie theatres across the United States in March of 2020.), the company said in a statement. It said it was making it because of repeated press enquiries. Shares of the meme stock have gained more than 1,500% in the year to date.

-Ciara Linnane
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As a short, and if I were long, this is irrelevant. What are they're doing with their almost 2 billion dollar windfall?  From the last interview it seems to be nothing but the status quo.  Their idea of a AMC crypto currency or becoming an exchange is lunacy IMO. @John Bender. Of course again,JMHO,but don't want to see you get burned GB.  

 
Capella said:
I think there’s a good chance it gets approved in Europe for covid and once they supply the FDA with the other data from the ACTIV trial it has a chance here as well. I just don’t understand the FDA at all.
 

My hope is in the next 12 months we see 30 a share. 
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thanks for posting ur thoughts. i held it thinking it's not a dead end drug since it seems to have applications beyond covid, so good to know i'm not too off base thinking there's a path up.

 
Pigskin Fanatic said:
thanks for posting ur thoughts. i held it thinking it's not a dead end drug since it seems to have applications beyond covid, so good to know i'm not too off base thinking there's a path up.
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There was some European Commission who wrote a giant piece where they recommended it as one of the 10 most promising drugs for covid, covering three different stages of illness.
 

I don’t know if the commission is associated with the EU or just a random bunch of doctors but it was def written by a group of educated folks. Apparently they considered 86 drugs for covid and decided the ones selected were the best. 

 
Capella said:
There was some European Commission who wrote a giant piece where they recommended it as one of the 10 most promising drugs for covid, covering three different stages of illness.
 

I don’t know if the commission is associated with the EU or just a random bunch of doctors but it was def written by a group of educated folks. Apparently they considered 86 drugs for covid and decided the ones selected were the best. 
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Here’s the article.

https://ec.europa.eu/info/live-work-travel-eu/coronavirus-response/public-health/treatments-covid-19_en

Seems like they want to approve three things this year (said 3 by October in the June report so not going fast). Since HGEN wasn’t in the first 5 in June’s report and they were last (it wasn’t alphabetical) in their category, it doesn’t seem promising.

After the US rejection, I don’t think $30 in 12 months is attainable, especially if they aren’t in the 3 they want to approve this year.

CYDY is a #### storm but I think their long hauler trial is a better “chance” more because there is still a market for people with issues after getting COVID. I still don’t see them ever doing anything correctly. If HGEN doesn’t get approved in the EU in the first set, the market could be so low (I hope) when or if they get approved. 

 
stbugs said:
Here’s the article.

https://ec.europa.eu/info/live-work-travel-eu/coronavirus-response/public-health/treatments-covid-19_en

Seems like they want to approve three things this year (said 3 by October in the June report so not going fast). Since HGEN wasn’t in the first 5 in June’s report and they were last (it wasn’t alphabetical) in their category, it doesn’t seem promising.

After the US rejection, I don’t think $30 in 12 months is attainable, especially if they aren’t in the 3 they want to approve this year.

CYDY is a #### storm but I think their long hauler trial is a better “chance” more because there is still a market for people with issues after getting COVID. I still don’t see them ever doing anything correctly. If HGEN doesn’t get approved in the EU in the first set, the market could be so low (I hope) when or if they get approved. 
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The criteria was not the same for the first 5 —

“The criteria are not identical to those used to draw up the first list of 5 promising therapeutics, which was based on a single criterion, namely whether the candidate is in advanced stage in the European Medicines Agency's (EMA) regulatory approval process (under rolling review or submitted market authorisation application)”

HGEN was not in this stage at that time  

I don’t see anything at all about where the order listed has anything to do with anything at all. Can you point me to that? 
 

Here is more about the criteria used including the category they are in. They are essentially in a group of 4 immunomodulators. 

https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_5367

 
2Squirrels1Nut said:
Next Monday is earnings. Interesting that they released this information now.  lol

As a short, and if I were long, this is irrelevant. What are they're doing with their almost 2 billion dollar windfall?  From the last interview it seems to be nothing but the status quo.  Their idea of a AMC crypto currency or becoming an exchange is lunacy IMO. @John Bender. Of course again,JMHO,but don't want to see you get burned GB.  
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To be fair, no fundamentals matter for AMC at this price. I only have a small piece for the LOLs at this point (but I do have close to a full position on GME).

 
dkp993 said:
Lol.  Ironically I was just doing the math a few mins ago on how much I lost out on by selling before this pop. Got out at 7.00 flat.  Im still good with my decision.  What I bought with my sell money popped today too so it’s almost a wash.  
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I know I was just messing with you.  I got crushed on HGEN as well but have stubbornly held on.

 
Capella said:
The criteria was not the same for the first 5 —

“The criteria are not identical to those used to draw up the first list of 5 promising therapeutics, which was based on a single criterion, namely whether the candidate is in advanced stage in the European Medicines Agency's (EMA) regulatory approval process (under rolling review or submitted market authorisation application)”

HGEN was not in this stage at that time  

I don’t see anything at all about where the order listed has anything to do with anything at all. Can you point me to that? 
 

Here is more about the criteria used including the category they are in. They are essentially in a group of 4 immunomodulators. 

https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_5367
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The order was a guess on my part since it wasn’t alphabetical. Complete guess but if they didn’t want to display any type of preference, I’d think alphabetical would be the list order. Again, complete speculation since they didn’t.

That said, the criteria IMHO says to me that only the first five are likely eligible for that 3 approvals by the end of this year. It would be a shock to be brand new and jump the list so to speak. That’s where I see that market worry. Those initial $24-28 targets from the analysts were there before vaccines. Every month it continues brings new competitors and more vaccines/vaccinations, shrinking the potential market.

Also, LeBronlemonade will be approved in Brazil by that time, or so I’ve read. Where is the Chetster anyway?

 
beef said:
That's my plan.  Add at these under 40 levels, trim on the way and get out around 50.  +/- a point or 2 depending on how momentum/overreaction is looking.  I have enough semi stocks in various ETFs in my Roth so I have no desire to hold this any longer than I need to make 20-30%.   
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Here we are, SOXL 51.50 but I'm feeling greedy and can't get myself to sell yet.  

Edit, I trimmed, but not closing out the position.  

 
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Bought some GFS today...

Another chip play

Keeps getting mentioned on CNBC (by mostly Cramer)

I probably have too much semiconductor exposure,

They're all in the green though, except for Intel.

 
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Ridgeback said:
What about UVXY?🤬
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I cured myself of that habit by looking at charts. Short-term, it looks like there are pops that can be harvested. As you extend the timeframe, you realize those pops, that get less significant over time, are going to be nigh impossible to time consistently.

When I started looking at this, I felt you could swing trade this for 15-20% pops. These days, if you're sitting on a gain in high single digits, you should just take it. We had one 800-run homer 20 months ago, but chasing that dragon is probably unprofitable over any time frame.

 
identikit said:
Bought some GFS today...

Another chip play

Keeps getting mentioned on CNBC (by mostly Cramer)

I probably have too much semiconductor exposure,

They're all in the green though, except for Intel.
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I have a ton of chip stocks. All doing well. I should have just bought Tesla, but I did jump into 5G recs from Motley Fool last June and they’ve done really well and there were a lot semi type stocks. TSM has actually been one of the low performers shockingly. Two of the companies got acquired (IPHI and XLNX) and their acquirers have rolled on well. MRVL is up almost 50% since the merger occurred. Nice when you get lucky. CDNS, TER and XLNX all up about 90%. IPHI with MRVL was up more than a double as was CRNC. The rest are all up so a nice group of stocks.

 
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