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Stock Thread (13 Viewers)

David Dodds said:
to buy or sell? I am guessing it reaches the 52 week low tomorrow (to buy). I am not selling (unless forced to by DTCC/DOJ/SEC termination of stock). I believe a short squeeze is imminent. 

This report confirms to me that the number of shares sold far surpasses the number of shares that are suppose to exist. 

I also believe in Ryan Cohen's turn around plan. If this stock never officially squeezes (or is not forced to close because of massive fraud) then I suspect it is on a journey similar to the great TESLA (or Overstock) runs where the shorts are eventual buyers.

For me, the price is beyond wrong. I hold my high X,XXX shares for generational wealth for my family and friends.

I could layout my detailed position how I KNOW that the short positions are in deep trouble, but I don't wish to derail this thread further nor do I want the added responsibility should the stock price continue to move further south in the short term. This is not a stock to trade for the faint of heart. 

I am diamond hands and Zen though. It will be food stamps or Ferraris for me. There is not a price that I would panic sell. I only own this stock (I am bearish on the entire market as I believe the ripple that will be felt from the GME squeeze will ripple every other investment class - ie on par or greater than the 2008 market crash). I do own a sizeable stake in LRC Crypto (which I believe will be the backbone of the GME NFT Exchange they are readying for launch). 

Best of luck everyone in all of your investments.
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The options market agrees with you:

A 1/20/23 $140 call is going to cost roughly $21, $180/$16.

I was looking for some cheap calls and can't find any.  🤔

 
Capella said:
A dream that I cashed in on. 
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Indirectly I did as I had a lot of stock already at rock bottom pricing.

Not sure I feel like we are out of the woods quite yet but I feel a lot better after my entire portfolio is up @ 20% since Monday. Stuff I like still way down from 5-6 months ago so still at solid prices, don’t have a ton of cash anyway in the 10-15% range.

 
GIS has been down likely in part because they are reporting a year over year earnings decline on March 23rd.  If they miss estimates it may reach the $60 @Todem entry point.  If they exceed estimates it might be a nice bump.  What to do?

 
BassNBrew said:
Please drop this schtick..... PLAY PLAY PLAY

PLAY GONE down, down down.

Lesson....don't poke the bear.

Time to exit 1/2 again.  Been doing well here buying the dips and selling the pops.  Thanks again for the report you sent.  Once the target price 3 years out hit, it made it an easy sell.  
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Well gosh, this was sort of mean.  Jeez.

 
PhillipPhoto said:
GIS has been down likely in part because they are reporting a year over year earnings decline on March 23rd.  If they miss estimates it may reach the $60 @Todem entry point.  If they exceed estimates it might be a nice bump.  What to do?
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Buy half now and half after earnings. Long term this stock is a dividend warhorse.

 
David Dodds said:
For me, the price is beyond wrong. I hold my high X,XXX shares for generational wealth for my family and friends.

I could layout my detailed position how I KNOW that the short positions are in deep trouble, but I don't wish to derail this thread further nor do I want the added responsibility should the stock price continue to move further south in the short term. This is not a stock to trade for the faint of heart. 

I am diamond hands and Zen though. It will be food stamps or Ferraris for me. There is not a price that I would panic sell. I only own this stock (I am bearish on the entire market as I believe the ripple that will be felt from the GME squeeze will ripple every other investment class - ie on par or greater than the 2008 market crash). I do own a sizeable stake in LRC Crypto (which I believe will be the backbone of the GME NFT Exchange they are readying for launch). 

Best of luck everyone in all of your investments.
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good luck, friend

 
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Anyone else take a stab on GitLab / GTLB? Got me a beautiful 74% bump for the week.

 (bought at 35.94)

 
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  • Thinking
Reactions: KGB
Monday - NKE

Tuesday - ADBE

Wednesday - GIS

Sportswear giant Nike will release its third quarter fiscal 2022 earnings on Monday, Mar. 21 after the market close. On average, analysts are expecting the global purveyor of footwear and accessories to make $0.7158 a share profit on sales of $10.63 billion.  

Shares of NKE have suffered this year as the world’s largest sportswear brand struggles to overcome challenges imposed by the Omicron variant on its factories in Asia. Those disruptions hurt sales in China and other Asian markets in the previous quarter.

Nike told investors in December that its factories in Vietnam were back up and running after it had to cancel orders totaling about 130 million units. While demand remains weak in China where the government is still shutting down cities to curb COVID spread, a sales rebound in North America and Europe is helping to offset some losses.

Nike stock is down about 21% this year.
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Adobe Systems will release its first quarter, 2022 earnings on Tuesday, Mar. 22 after the market close. The maker of Photoshop and other software and infrastructure products is expected to report $3.34 a share profit on sales of $4.24 billion.

San Jose, California-based Adobe, which competes with Salesforce.com in the marketing and e-commerce technology segment, is trying to boost growth by expanding its business offerings while strengthening its core creative software business.

In December, Adobe projected revenue for the first fiscal quarter and full year 2022 that fell short of analysts' estimates, as the company blamed a stronger US dollar against foreign currencies and a longer first quarter in 2021.

Adobe has long dominated the market in digital design software for professionals, but faces greater competition as it offers tools to make it easier for everyday users to create graphics, videos and other online content. Adobe shares have fallen about 20% this year.
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The maker of Cheerios cereal, Yoplait yogurt and Nature Valley granola bars, General Mills, will report fiscal 2022 Q3 earnings on Wednesday, Mar. 23, before the market opens. Analysts expect $0.78 a share profit on sales of $4.56 billion.

In its earnings update last month, the company said acute supply shortages will cause its US shipments to significantly lag Nielsen-measured retail sales performance in Q3. As a result, the company expects Q3 organic net sales to be up 2-3% and constant-currency adjusted operating profit to be down high-single digits to low-double digits versus last year.

GIS said in a Feb. 22 statement:

“The company has taken actions to address these short-term supply constraints and expects to improve customer service levels and deliver strong top- and bottom-line growth in the fourth quarter.”

GIS is also trying to restructure its portfolio in an era when consumers are rapidly changing their eating habits, looking for fresher, greener, and less sugary fare. The stock is down about 7% for the year.
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I refinanced with UWMC last year and just got notified they sold my mortgage servicing to another company.  Normally I wouldn't think anything of it but that doesn't seem to fit in with the idea that they are positioned well to deal with an environment with increasing rates.  I assumed with fewer refi's in the future keeping and servicing the mortgages they closed would be beneficial and a steady revenue stream.  I'm sure I'm overlooking something - was just surprised to get the notification about them selling the servicing.

@Chadstroma

 
2Squirrels1Nut said:
2Squirrels1Nut said:
On 3/2/2022 at 8:40 AM, 2Squirrels1Nut said:
On 2/15/2022 at 11:13 AM, 2Squirrels1Nut said:
Bought 1,  4/1/22, $75, DWAC put for $15.
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Added another at $6.25
Expand  
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And other at $5.  for 3 total contracts


Expand  
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Sold these for a $1400 gain.  I think it's going to $0 sooner than later but got a nice premium and they expire in a couple weeks which is why.... 

I bought 2, 5/20/22  $45 puts at $5.70 each
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Two more at $4.40 each. 

This has a 2.2 billion valuation.  It has been a month since launch and already a ghost town.  Thank you for the intel. @Bogart

 
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Bought 5, 4/14/22, SDOW calls at $0.80 each.  

Covid numbers rising in Europe is concerning. Not to mention Ukraine, inflation etc. 

ETA

$33 strike

 
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Steeler said:
I refinanced with UWMC last year and just got notified they sold my mortgage servicing to another company.  Normally I wouldn't think anything of it but that doesn't seem to fit in with the idea that they are positioned well to deal with an environment with increasing rates.  I assumed with fewer refi's in the future keeping and servicing the mortgages they closed would be beneficial and a steady revenue stream.  I'm sure I'm overlooking something - was just surprised to get the notification about them selling the servicing.

@Chadstroma
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They have actually began to hold more loans than before but selling servicing is not unusual. Most lenders sell servicing. They made a ton of money off of selling servicing in the past. I don't fully understand all the economics of it all to be very honest but it is not a sign of health or illness for a lender to sell servicing at all. 

On a side note, they did announce something thay was extremely surprising to me. They are now going beyond their vanilla loans that they do and now doing bank statement loans.  That is something that I just didn't see them doing.

 
RC Ventures (Ryan Cohen) has just bought 100,000 shares today of Gamestop worth $10,176,343 at an average price of $101.7 per share, ranging from $96 to $109.

Yes, that's right. The Chairman of Gamestop just bought the dip.

This was the first date he could legally add to his position, because of his inside knowledge about the NFT marketplace. By disclosing that would launch no later than the end of July, he is free to add up to an additional 6 million shares.

 
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David Dodds said:
RC Ventures (Ryan Cohen) has just bought 100,000 shares today of Gamestop worth $10,176,343 at an average price of $101.7 per share, ranging from $96 to $109.

Yes, that's right. The Chairman of Gamestop just bought the dip.

This was the first date he could legally add to his position, because of his inside knowledge about the NFT marketplace. By disclosing that would launch no later than the end of July, he is free to add up to an additional 6 million shares.
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It'sHappening.gif

 
PhillipPhoto said:
Monday - NKE

Tuesday - ADBE

Wednesday - GIS
Click to expand...
Read your own damn post you moron!

The maker of Cheerios cereal, Yoplait yogurt and Nature Valley granola bars, General Mills, will report fiscal 2022 Q3 earnings on Wednesday, Mar. 23, before the market opens. Analysts expect $0.78 a share profit on sales of $4.56 billion.

In its earnings update last month, the company said acute supply shortages will cause its US shipments to significantly lag Nielsen-measured retail sales performance in Q3. As a result, the company expects Q3 organic net sales to be up 2-3% and constant-currency adjusted operating profit to be down high-single digits to low-double digits versus last year.

GIS said in a Feb. 22 statement:

“The company has taken actions to address these short-term supply constraints and expects to improve customer service levels and deliver strong top- and bottom-line growth in the fourth quarter.”

GIS is also trying to restructure its portfolio in an era when consumers are rapidly changing their eating habits, looking for fresher, greener, and less sugary fare. The stock is down about 7% for the year.
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:wall:   And of course I put in a $62.00 limit order too late yesterday that never filled.

 
How 

David Dodds said:
RC Ventures (Ryan Cohen) has just bought 100,000 shares today of Gamestop worth $10,176,343 at an average price of $101.7 per share, ranging from $96 to $109.

Yes, that's right. The Chairman of Gamestop just bought the dip.

This was the first date he could legally add to his position, because of his inside knowledge about the NFT marketplace. By disclosing that would launch no later than the end of July, he is free to add up to an additional 6 million shares.
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How was he able to buy that many shares if there's really not that many out there or am I misunderstanding your thesis? 

 
2Squirrels1Nut said:
How 

How was he able to buy that many shares if there's really not that many out there or am I misunderstanding your thesis? 
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RC and the AMC guy are wizards. Here, let me increase my holdings by 1% only to have people overreact and make my 99% worth 30% more. He spent $10M but by doing so increased his wealth by almost $300M (and all the folks he hired/friends). The AMC guy is a bit sleazier basically lying about how he’s old and frail and needs to sell all his shares at a way higher price than it is now because he has to ensure his retirement and his kid's. Lol, PT Barnum would have been proud.

Same reason why I told you before, even if I don’t believe in these meme stocks, I’d never bet against them. They have an almost cult like following.

 
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stbugs said:
RC and the AMC guy are wizards. Here, let me increase my holdings by 1% only to have people overreact and make my 99% worth 30% more. He spent $10M but by doing so increased his wealth by almost $300M (and all the folks he hired/friends). The AMC guy is a bit sleazier basically lying about how he’s old and frail and needs to sell all his shares at a way higher price than it is now because he has to ensure his retirement and his kid's. Lol, PT Barnum would have been proud.

Same reason why I told you before, even if I don’t believe in these meme stocks, I’d never bet against them. They have an almost cult like following.
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Reminds me of this video I watched just yesterday on price fixing in the art market, where collector's will corner a niche and then bid up any auction within that niche to make the rest of their collection more valuable.

IE some guy owns 1/4 of all the existing Andy Warhol paintings, so any time a Warhol goes up for auction he will just bid some ludicrous amount, and whether he wins it or gets outbid doesn't really matter because the rest of his collection goes up so much in value with that high sale that it makes up for it 100x over.

 
stbugs said:
RC and the AMC guy are wizards. Here, let me increase my holdings by 1% only to have people overreact and make my 99% worth 30% more. He spent $10M but by doing so increased his wealth by almost $300M (and all the folks he hired/friends). The AMC guy is a bit sleazier basically lying about how he’s old and frail and needs to sell all his shares at a way higher price than it is now because he has to ensure his retirement and his kid's. Lol, PT Barnum would have been proud.

Same reason why I told you before, even if I don’t believe in these meme stocks, I’d never bet against them. They have an almost cult like following.
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As you know, I followed AMC closely and made some decent money shorting it.  Yes, that CEO should be ashamed of himself.  The last interview he had where he exclaimed Orville Redenbacher better look out because of AMC popcorn was comical. 

I'm not an investor, or even gambler in GME but interested in the story. 

 
I'm not great with stocks, and usually just follow good recommendations made through this forum. I noticed COOK (Traeger Grills) seems to be down right now. Is this a company to invest in? Or is there a reason to stay away?

 
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