Stock Thread (25 Viewers)

[BassNBrew]

LUV has been on a tough run, anyone like it at this price?

Nope: https://www.yahoo.com/news/southwest-worst-airline-us-according-064732081.html

They have Southwest worse than Frontier and Spirit? I mean wow, that's really bad. Never would have guessed.

The nail was hit on the head earlier - they are no longer a "low cost" airline. They cost as much as the rest but have less direct flights, crappy mid-tier airports, no assigned seats and the fun, whimsical ways of Southwest Air and their flight attendants went the way of the free drink coupons they used to dole out like free peanuts...which I'm not sure they even do anymore.

And the outdated software that is to blame for the Xmas 2022 unmitigated disaster is going to cost a fortune to overhaul and I don't even know if they will so good luck assuring consumers and stock pickers that another cataclysmic flight failure isn't just around the corner, in time, for say summer vacations.....

I wouldn't touch the stock or the airline until I had some optimism in either. And that sucks because I used to love their airline and I used to own their stock.....

F Southwest.

Sat in Charlotte for 6 hours while they postponed a flight for weather. Meanwhile three other airlines departed flying to the same destination. They would let us switch routes until the flight was cancelled 6 hours later. Ended up having to fly into Midway arriving at 1am and sleeping in an Airport with nothing flat other than the floor to catch a morning flight to Denver.

 

[KGB]

LUV has been on a tough run, anyone like it at this price?

Nope: https://www.yahoo.com/news/southwest-worst-airline-us-according-064732081.html

They have Southwest worse than Frontier and Spirit? I mean wow, that's really bad. Never would have guessed.

The nail was hit on the head earlier - they are no longer a "low cost" airline. They cost as much as the rest but have less direct flights, crappy mid-tier airports, no assigned seats and the fun, whimsical ways of Southwest Air and their flight attendants went the way of the free drink coupons they used to dole out like free peanuts...which I'm not sure they even do anymore.

And the outdated software that is to blame for the Xmas 2022 unmitigated disaster is going to cost a fortune to overhaul and I don't even know if they will so good luck assuring consumers and stock pickers that another cataclysmic flight failure isn't just around the corner, in time, for say summer vacations.....

I wouldn't touch the stock or the airline until I had some optimism in either. And that sucks because I used to love their airline and I used to own their stock.....

F Southwest.

Sat in Charlotte for 6 hours while they postponed a flight for weather. Meanwhile three other airlines departed flying to the same destination. They would let us switch routes until the flight was cancelled 6 hours later. Ended up having to fly into Midway arriving at 1am and sleeping in an Airport with nothing flat other than the floor to catch a morning flight to Denver.

Everything seems to be negative re: LUV

hmmmm

 

[urbanhack]

Remember NNOX? I bought stupidly high and have held on.

Nanox.ARC Imaging System Receives FDA Clearance, Pioneering a New Era in Medical Imaging

Nanox.ARC Image of the Nanox ARC Nanox.ARC Image of the Nanox ARC Nanox.ARC presents high powered digital X-ray tubes for 3D tomosynthesis imagingNanox.ARC could help expand the availability of medical imaging NEVE ILAN, Israel, May 01, 2023 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD ("Nanox" or the...

finance.yahoo.com

 

[McBokonon]

Remember NNOX? I bought stupidly high and have held on.

Nanox.ARC Imaging System Receives FDA Clearance, Pioneering a New Era in Medical Imaging

Nanox.ARC Image of the Nanox ARC Nanox.ARC Image of the Nanox ARC Nanox.ARC presents high powered digital X-ray tubes for 3D tomosynthesis imagingNanox.ARC could help expand the availability of medical imaging NEVE ILAN, Israel, May 01, 2023 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD ("Nanox" or the...

finance.yahoo.com

I’m the maniac that introduced that here. I made money there but ultimately bailed because I lost faith and trust in the CEO (not the CEO anymore.) This is great to see, though! Could really help a lot of people if they see their vision through. Long way to go here, still.

 

[stbugs]

Remember NNOX? I bought stupidly high and have held on.

Nanox.ARC Imaging System Receives FDA Clearance, Pioneering a New Era in Medical Imaging

Nanox.ARC Image of the Nanox ARC Nanox.ARC Image of the Nanox ARC Nanox.ARC presents high powered digital X-ray tubes for 3D tomosynthesis imagingNanox.ARC could help expand the availability of medical imaging NEVE ILAN, Israel, May 01, 2023 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD ("Nanox" or the...

finance.yahoo.com

I’m the maniac that introduced that here. I made money there but ultimately bailed because I lost faith and trust in the CEO (not the CEO anymore.) This is great to see, though! Could really help a lot of people if they see their vision through. Long way to go here, still.

Pretty sure I sold that one in the high 20s. Can’t remember, but I made out well on SPACs way back when like RIDE which I also sold in the high 20s and it’s at .40 now. Sold LAZR in the 30s. Amazing how much garbage there was back then riding high. I even remember that SPAC gangster rap music video.

 

[McBokonon]

Remember NNOX? I bought stupidly high and have held on.

Nanox.ARC Imaging System Receives FDA Clearance, Pioneering a New Era in Medical Imaging

Nanox.ARC Image of the Nanox ARC Nanox.ARC Image of the Nanox ARC Nanox.ARC presents high powered digital X-ray tubes for 3D tomosynthesis imagingNanox.ARC could help expand the availability of medical imaging NEVE ILAN, Israel, May 01, 2023 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD ("Nanox" or the...

finance.yahoo.com

I’m the maniac that introduced that here. I made money there but ultimately bailed because I lost faith and trust in the CEO (not the CEO anymore.) This is great to see, though! Could really help a lot of people if they see their vision through. Long way to go here, still.

Pretty sure I sold that one in the high 20s. Can’t remember, but I made out well on SPACs way back when like RIDE which I also sold in the high 20s and it’s at .40 now. Sold LAZR in the 30s. Amazing how much garbage there was back then riding high. I even remember that SPAC gangster rap music video.

NNOX wasn’t a SPAC but yeah, good times! Until they weren’t!

 

[NajehHejan]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

 

[Desert_Power]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

 

[McBokonon]

Added some $INMD and started $ZBRA this morning.

 

[Capella]

I assume the debt ceiling thing will be freaking people and algos out for the short term?

 

[stbugs]

Remember NNOX? I bought stupidly high and have held on.

Nanox.ARC Imaging System Receives FDA Clearance, Pioneering a New Era in Medical Imaging

Nanox.ARC Image of the Nanox ARC Nanox.ARC Image of the Nanox ARC Nanox.ARC presents high powered digital X-ray tubes for 3D tomosynthesis imagingNanox.ARC could help expand the availability of medical imaging NEVE ILAN, Israel, May 01, 2023 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD ("Nanox" or the...

finance.yahoo.com

I’m the maniac that introduced that here. I made money there but ultimately bailed because I lost faith and trust in the CEO (not the CEO anymore.) This is great to see, though! Could really help a lot of people if they see their vision through. Long way to go here, still.

Pretty sure I sold that one in the high 20s. Can’t remember, but I made out well on SPACs way back when like RIDE which I also sold in the high 20s and it’s at .40 now. Sold LAZR in the 30s. Amazing how much garbage there was back then riding high. I even remember that SPAC gangster rap music video.

NNOX wasn’t a SPAC but yeah, good times! Until they weren’t!

Yeah, I know but it was right in the middle of the SPAC craze and reacted very similarly (then and now) so I threw it in the same bucket.

 

[stbugs]

Added some $INMD and started $ZBRA this morning.

I have a few things I want to move money around on and I still like them. Their forecasts are just under what they raised before and they’ve been good at beating anyway. Funny that they are down more now than they were before they raised all their forecasts.

 

[Todem]

I assume the debt ceiling thing will be freaking people and algos out for the short term?

Yes....it will cause a lot of volatility.
It’s why I have maintained since the start of the year to build cash to have ready to deploy this summer. We will have a sale soon.

 

[Todem]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the roosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

 

[Desert_Power]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the rosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

Holding policy rates too high for banks to fund themselves can absolutely create systemic issues. It did in 2008 and the market is signaling fairly strongly it is happening now. Fed should not ignore these signals.

Liquidity and solvency are intertwined and policy makers should be humble about their ability to tell the difference. Fed needs to pause and learn more about the impacts on credit creation/solvency from existing failures. A hike this week will see multiple more failures by their next meeting.

 

[Todem]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the rosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

Holding policy rates too high for banks to fund themselves can absolutely create systemic issues. It did in 2008 and the market is signaling fairly strongly it is happening now. Fed should not ignore these signals.

Liquidity and solvency are intertwined and policy makers should be humble about their ability to tell the difference. Fed needs to pause and learn more about the impacts on credit creation/solvency from existing failures. A hike this week will see multiple more failures by their next meeting.

They are not directly causing the banking issues.

Interest rates are basically back to where they were in 1998/99 and mid 2000’s.

Interest rates had zero to do with 2008.

 

[Desert_Power]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the rosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

Holding policy rates too high for banks to fund themselves can absolutely create systemic issues. It did in 2008 and the market is signaling fairly strongly it is happening now. Fed should not ignore these signals.

Liquidity and solvency are intertwined and policy makers should be humble about their ability to tell the difference. Fed needs to pause and learn more about the impacts on credit creation/solvency from existing failures. A hike this week will see multiple more failures by their next meeting.

They are not directly causing the banking issues.

Interest rates are basically back to where they were in 1998/99 and mid 2000’s.

Interest rates had zero to do with 2008.

Strongly disagree on both points

 

[Todem]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the rosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

Holding policy rates too high for banks to fund themselves can absolutely create systemic issues. It did in 2008 and the market is signaling fairly strongly it is happening now. Fed should not ignore these signals.

Liquidity and solvency are intertwined and policy makers should be humble about their ability to tell the difference. Fed needs to pause and learn more about the impacts on credit creation/solvency from existing failures. A hike this week will see multiple more failures by their next meeting.

They are not directly causing the banking issues.

Interest rates are basically back to where they were in 1998/99 and mid 2000’s.

Interest rates had zero to do with 2008.

Strongly disagree on both points

We can agree to disagree

 

[culdeus]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the rosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

Holding policy rates too high for banks to fund themselves can absolutely create systemic issues. It did in 2008 and the market is signaling fairly strongly it is happening now. Fed should not ignore these signals.

Liquidity and solvency are intertwined and policy makers should be humble about their ability to tell the difference. Fed needs to pause and learn more about the impacts on credit creation/solvency from existing failures. A hike this week will see multiple more failures by their next meeting.

They are not directly causing the banking issues.

Interest rates are basically back to where they were in 1998/99 and mid 2000’s.

Interest rates had zero to do with 2008.

If I can't buy coupons in a 401k but can trade in tickers, what you like in taxable bond funds or anything yield where tax is no concern?

 

[SFBayDuck]

NNOX wasn’t a SPAC but yeah, good times! Until they weren’t!

Crazy now to think that in early 2021 I had all my down payment money in SPACs - no downside below $10, and huge upside! Free money! What could go wrong?

I cashed out in May of that year because that's when I needed the cash and did just fine, since in all but like one case they were still just SPACs with no completed merger yet...sometimes (ok, always) it's better to be lucky than good.

 

[BassNBrew]

NNOX wasn’t a SPAC but yeah, good times! Until they weren’t!

Crazy now to think that in early 2021 I had all my down payment money in SPACs - no downside below $10, and huge upside! Free money! What could go wrong?

I cashed out in May of that year because that's when I needed the cash and did just fine, since in all but like one case they were still just SPACs with no completed merger yet...sometimes (ok, always) it's better to be lucky than good.

Spacs have been my best performing investment.

 

[Sand]

Spacs have been my best performing investment.

 

[Schmeabs]

Just bought a position in IAT at $32.12, the IShares ETF for regional banks. It is down 43% since its 52 week high last August. I am of the belief the banking issue is isolated to just a few banks who horribly mismanaged investing client deposits into long term treasuries.

 

[Todem]

Just bought a position in IAT at $32.12, the IShares ETF for regional banks. It is down 43% since its 52 week high last August. I am of the belief the banking issue is isolated to just a few banks who horribly mismanaged investing client deposits into long term treasuries.

No it’s the Fed’s fault. Don’t you know that? Too fast to soon........but they telegraphed it while these few banks sat on their hands thinking....we are safe.

No...no you made a terrible decision and did not take action the moment we all knew what the Fed’s direction was taking. Who parks everything in one basket and ever thinks......it’s safe. Even parking in cash....you take on immense inflation and longevity risk. There are risks in everything. And not diversifying that risk is all on the people who were entrusted to do so.

Not the Federal Reserve who simply have one job. Monetary policy. They are not responsible for the catastrophe that was SVB or First Republic. They were not responsible for all the packaged hot garbage or mortgage backed securities back in the heyday of 2003-2006. They were not responsible for the leverage risk the banks took with all these junk they created. They were not responsible for AIG who insured all this packaged junk back in 2003-2006.

They simply again.....set monetary policy for banks to lend to each other. They do not manage their portfolios, risk and decisions.

For those that don’t agree with how they have raised rates too far too fast.....sure....I tend to agree with that aspect. They were behind the curve and played catch up and undoubtedly there is going to be some pain involved. But those institutions who saw this taking shape and planned accordingly.....should be commended and the ones who completely dropped the ball eg SVB

Are gone.

That’s capitalism.

There are going to be winners and losers. You can’t protect everyone and everything. There is risk taking that is involved. Everyone knows FDIC is 250K per depositor per account.

So if you are depositing far beyond that in your bank......you better do your homework on where you are putting your money. We can’t expect the taxpayer to protect every single persons deposits with bailouts and full back stops. Banks pay into FDIC as well.

Also TARP.........the taxpayer footed no bill there contrary to false narratives. Practically every cent was paid back with interest. It was a win win for the treasury and the tax payer. The financial system was saved from total ruin and a true armageddon and the treasury made money on the deal and a lot more regulation came into place. The Big banks are now looked to as a beacon of safety amid all this regional bank volatility. Why? They take very little risk.

I was a big proponent of letting some of these Super Banks fail back in 2008 and let banking become more regionalized so we get far better choices as consumers of credit. Well......it seems some of these regional banks got far too lofty, took on too much interest rate risk......and here we are.

How SVB just stood by...knowing where all their eggs were and not take action well before the result blows my mind. that is called incompetence.

So no......the Fed is not to blame. They merely lit the fuse to fold some banks who simply were totally a sleep at the wheel......again it’s on them. Not the Federal Reserve.

Interest rates are not going be cut this year unless something catastrophic happens. The Fed has completely unwinded a lot of their bond purchases and now actually have tools again to combat recessionary conditions (which they are causing....by design to recalibrate the economy, pricing, inflation and cost of credit).

And in all fairness......if Covid never happened.....we would have already been at these interest rate levels back in 2021. Rates needed to go higher....and they were back in 2017 and 2018 until political forces had the Fed pivot.....that is where I take a huge issue with the Fed......they caved. There was no reason to cut again....none. And that left them totally vulnerable when Covid hit hard in March 2020.

9 trillion of liquidity between the Trump and Biden administration’s pumped into an economy at 0-.25% overnight rates.

The roosters are now coming home to roost. Business's are being affected, the real estate market is now going to really feel the effects and I get it is hurting those in that side of the business (relators, mortgage brokers)...but understand we may never in our lifetime see a rate environment like we did between 2020 and 2021. In fact I hope not. That means things are really bad.

I think second half of 2024 the cutting will begin to a more accommodative level. Not what we saw in 2020 and 2021.....but think prime 50% lower than where it is today....hell it went up over 450 basis points inside 12 months....that is fast. And yes it has damage.

But the Fed is not a direct reason some regional banks are having issues. That is solely on them. They fell asleep at the wheel.

Some may not agree.....that’s ok.

It’s just my opinion. But I am quite strong in my conviction of all of this. I am not looking to debate it.....but I don’t mind reading other opinions. We can have our opinions without having to argue or prove either of us are right. There are a lot of levers at work.

I happen to think the economy has shown some great resilience...but it’s starting to finally crack more and again......it was by design.

I look forward to a much better 2024 and more in particular the second half of 2024 where I can easily see a new bull market starting again. But we are going to take some painful medicine right now. I don’t like it either. Everything costs more, credit costs more and that will cause a moderate recession. As the Fed is intending. To cool this all off.

 

[ConstruxBoy]

Fed is insane if they raise rates while regional bank stocks are crashing in stock price and perhaps reality.

Yes, but they've already done it once.

They are not insane......not at all.

They are gonna raise one more .25 and pause.

The reason you are seeing some banks fail is they mismanaged their own bond portfolios and never accounted for a run on their deposits. SVB was a terrible story of incompetence. Counter party banks can’t hide ether. This is all part of the rosters coming home to roost on some institutions that were drunk on easy monetary policy....and made terrible choices in where they parked their deposits.

Anyway.....it will soon subside. This is nothing.....not even close to what the systemic issues were in the entire financial system collapse of 2008.

I have to ask: Did you use rosters here because sometimes we call our fantasy football rosters "roosters"? Cause that would be awesome.
But if it's just a mistype, that's fine too.

 

[KGB]

@Todem

Quick question. maybe only for me. I feel like there should be different strategies for young up and comers vs older folks looking to preserve their wealth.

Thank you for all your advice BTW, you are much smarter than I. Is most of your advice here for Preserving wealth vs accumulating?

-From a dummy

 

[Todem]

@Todem

Quick question. maybe only for me. I feel like there should be different strategies for young up and comers vs older folks looking to preserve their wealth.

Thank you for all your advice BTW, you are much smarter than I. Is most of your advice here for Preserving wealth vs accumulating?

-From a dummy

Both. Risk management and managing thru turbulence is critical to long term success.

 

[JB Breakfast Club]

SHOP!

 

[beef]

Are big banks taking too big of a hit for mid and smaller bank's failures/risk? Watching BNKU dropping from 18's to low 12's is starting to tempt me. Which probably means it goes under 10 soon.

Edit, couldn't hold back. Bought at 11.95 and 11.65.

 

[Capella]

SHOP!

Helllllllll yessss

 

[Capella]

Everything very red, except one stock up 26%. Lol.

 

[nysfl2]

Are big banks taking too big of a hit for mid and smaller bank's failures/risk? Watching BNKU dropping from 18's to low 12's is starting to tempt me. Which probably means it goes under 10 soon.

Edit, couldn't hold back. Bought at 11.95 and 11.65.

I've been buying as it dips. Seems like the big banks should be OK through all of this.

 

[kevzilla]

The only regional bank I follow is CFR, because my SIL has a grip of it. I have no idea where the bottom might be, but when anyone wants to go bottom-fishing, this is a well-run bank with a diversified loan portfolio that has lost a quarter of its market cap for no obvious reason other than being in the wrong sector.

 

[humpback]

Are big banks taking too big of a hit for mid and smaller bank's failures/risk? Watching BNKU dropping from 18's to low 12's is starting to tempt me. Which probably means it goes under 10 soon.

Edit, couldn't hold back. Bought at 11.95 and 11.65.

I've been buying as it dips. Seems like the big banks should be OK through all of this.

Agreed, although I don't think the sell off is so much about larger banks being at risk of going under, it's more about figuring out what the landscape looks like for them on the other side.

 

[Todem]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

 

[General Malaise]

AMD had a nice rebound. MSFT wouldn't try and aquire AMD, would they?

 

[ghostguy123]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

Ok,in my ROTH on fidelity, what can I put the money in with this 4.6%

 

[Todem]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

Ok,in my ROTH on fidelity, what can I put the money in with this 4.6%

No you misunderstood. I have a FDIC money market that is now yielding 4.6% APY

 

[Schmeabs]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

Ok,in my ROTH on fidelity, what can I put the money in with this 4.6%

1-3 month Treasury bills are now paying over 5%

 

[SFBayDuck]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

Ok,in my ROTH on fidelity, what can I put the money in with this 4.6%

FDRXX is where all my cash is in various Fidelity accounts, and it's at 4.51% right now.

 

[Capella]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

I thought you were a SHOP believer?

 

[Todem]

SHOP!

Took my 16% loss on this one today.

The multiple is ridiculous. I appreciate the 25% bounce I sold out today at.

Will put the capital in now a 4.6% money market and wait to pounce on higher quality stocks this summer.....hell the swoon could come tomorrow for all we know....but it’s coming.

I thought you were a SHOP believer?

Was is the key word.......the valuation is absolutely dumb......cut my losses.

 

[JB Breakfast Club]

FLGT!

 

[ChiefD]

FLGT!

And APPL.

Yowzaa.















For now.......

 

[BassNBrew]

FLGT!

Commenting on the results, Ming Hsieh, Chairman of the Board and Chief Executive Officer, said, “We are off to a strong start in 2023, with strength in our core genetics business across our three main areas – precision diagnostics, anatomic pathology, and pharma services. We are encouraged by the early interest in our expanded carrier screening through Beacon787. In our therapeutics business, we look forward to sharing Phase 1b data next month at the American Society of Clinical Oncology annual meeting for our lead drug candidate, FID-007, in various cancers, and furthering this clinical program.”

Paul Kim, Chief Financial Officer, added, “We are raising our guidance for the year due to our outperformance in the first quarter. While we are still not guiding to COVID-19 revenue, we are pleased with our results in the core business and continue to see financial strength. Our cash position continues to afford us the flexibility to be opportunistic and strategic in building a sustainable business for the long-term.”

 

[General Malaise]

As a gigantic fat guy who is too poor to buy the obesity drugs the Kardashian's use, I'm more than a little intrigued by WW (Weight Watchers). Stock has been languishing and the business seems like a dinosaur, but.....they have a HUGE rolodex of members past and present and just bought a telehealth company that prescribes Ozempic prescriptions. They may have lost the customer base that needed support groups, calorie counting books but lacked discipline to stick with it and picked up a whole lotta lazy pigs like me who would prefer to drop weight the new fashioned way - modern medicine!

I don't like chasing a stock that's up 75% in a few days time, but at $7.28/share this might not be a bad way to play the obesity craze (as opposed to buying Novo Nordisk which trademarked Ozempic and Wegovy).

Stock is screaming today, +18%. Hell, I might subscribe.

 

[McBokonon]

FLGT!

Commenting on the results, Ming Hsieh, Chairman of the Board and Chief Executive Officer, said, “We are off to a strong start in 2023, with strength in our core genetics business across our three main areas – precision diagnostics, anatomic pathology, and pharma services. We are encouraged by the early interest in our expanded carrier screening through Beacon787. In our therapeutics business, we look forward to sharing Phase 1b data next month at the American Society of Clinical Oncology annual meeting for our lead drug candidate, FID-007, in various cancers, and furthering this clinical program.”

Paul Kim, Chief Financial Officer, added, “We are raising our guidance for the year due to our outperformance in the first quarter. While we are still not guiding to COVID-19 revenue, we are pleased with our results in the core business and continue to see financial strength. Our cash position continues to afford us the flexibility to be opportunistic and strategic in building a sustainable business for the long-term.”

I appreciate their prudence. I know some shareholders want a buyback or a dividend or something but I’m glad they’re just being patient. Great quarter and call.

 

[Harry Frogfish]

Donky KoNG.

 

[The Man With No Name]

UWMC

 

[JB Breakfast Club]

UWMC

BROS