TGokou
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Posts posted by TGokou
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I had bought CHR.un (Chorus) at $2.21 about a week ago. There came news that they might have an acquisition offer but they are not announcing anything yet as nothing is confirmed. Unfortunately I had a sell order gtc at $2.68 (although I got $2.80 for it) but now it's at $3.18. Wondering if it'll go much higher on monday after market has had time to digest the news.
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4 hours ago, nuckin_futz said:
@TGokou Looks like it's payday bud.
GameStop Announces Multi-year Strategic Partnership with Microsoft
https://finance.yahoo.com/news/gamestop-announces-multi-strategic-partnership-180000146.html
GME rips 22% to a new 52wk high. There's 9500 Oct calls @$15 sticking out like a sore thumb.
Haha indeed and close to my birthday too. I also got a promotion so yah it's been a good week lol.
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8 hours ago, bertuzzi44fan said:
We relying on Mysticism now?XD
Contrary to what you may believe it is a thing that the analytics community is looking more at. Of course you can't teach skill even if the guy is a year younger than some in his draft class, but these kids develop so much year to year. If you draft a guy born July/August, just because he hasn't shown you the stats that an older player may have doesn't mean he won't get there given a few more months. Case in point Jonah Gadjovich was a second round overager who looked amazing stat wise. Sure lock right? Why was he even available in second round? Guess what he is October birthday so when he was drafted he was already a full 2 years older than Kunz was when he was drafted. That's why it's important to take age into consideration.
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The thing I love about almost all the picks, but particularly this one and Jurmo is that they all share late birthdays. Kunz is August birthday and Jurmo is April birthday. I find that a good statistical portion of successful late round draft picks come from late birthdays. In the past scouts would not take this into consideration as they can only scout what they see. However I've found that players born from around May onwards tends to have an average of 25-35% statistical increase in their stats year over year after their draft year. What this means is you get better value for your pick because scouts don't pick up on this anomaly unless they have stat guys working for them.
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9 hours ago, nuckin_futz said:
From a technical perspective I really like the price action lately. Really like that all the hot money that came in chasing on the back of the investment by the Chewy guy got taken out back and shot when the earnings were crap. Most of those weak hands sold out to strong hands. That's a major positive. Now it's above all those previous levels. Closing at a 15 month high.
I especially like that it's got all the bad news out of the way and price doesn't care. What bad news could possibly be coming after that earnings conference call? Nothing is my guess.
The price action on Wednesday is the equivalent of a 'rug pull', just in reverse. I would not want to be short this stock right now.
If you want to pay 50%+ lending fee be my guest
. So far looking good today on an overall down day. They just announced pricing on ps5 and started taking preorders last night with reports that it's already sold out everywhere. Also according to reports the disc drive version is the more popular version (although redflagdeals seems to prefer discless but they are redflagdeals so..)
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2 hours ago, nuckin_futz said:
Take a look at the options. There's a tonne of implied volatility in the OCT 15 calls. Short shares depends on your broker's availability. I show some shares still available but not many. Borrow rate of 54%.
Yah I know the options are thru the roof. Typically I expect a significant pull back once it's run up 5-10% but this is somewhat unexpected. Volume started off really slow too and gradually picked up through the day. Supposedly short interest has actually increased today so not too much short covering.
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GME up 20% so far today on no news. I can only explain as a short squeeze or a big whale buying up shares. No shares available to borrow as of a couple days ago and over 50% lending rate
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8 hours ago, nuckin_futz said:
Good point about Covid. Though how many Covid refugees are playing purely online games like Fortnight?
I agree with you about their debt picture. They are not in danger of a cash crunch anytime soon.
It is curious that they don't really have any true competition for the service they provide. Can't really look at competitors to get a feel for their earnings. Do you know offhand what MSFT, SNE or Nintendo said about console sales in their recent earnings releases? That could provide a bit of a clue.
There are still short shares available. The shares short currently exceeds the float but not the outstanding. Not sure about that borrow fee. I currently show plenty of short shares available at my broker with a borrow fee of 4.57%. That's probably not going to scare anyone. Pretty sure a fund getting their borrows from Goldman could do even better than that.
You have to think of institutional short sellers like a python squeezing it's victim into submission. Institutional shorts are not like retail shorts who will run at the first sign of trouble. Institutional shorts will protect their investment. They all saw what happened with KODK a month ago and are in no hurry to lose a billion dollars in a few days. I think the price action of the next day or 2 will give you your answer of if the move has legs or not..
I have seen plenty of heavily shorted companies over the years that have a positive shift in fundamentals with no respite from short sellers. Reality doesn't always have to reflect fundamentals.
Cohen probably is not going above 10% ownership, so he's probably about done loading up.
There are lots of great points here. The borrow fee has come down a lot. It was above 30% a little while back. I am not certain how many are retail or institutional short sellers but it's interesting to note that the amount of shares available to short hasn't really gone up that much. I'm thinking the price action in the last few days have had some covering but then the shorts are also trying to reshort at higher levels. Cohen may be done but I don't think he is necessarily selling anytime soon. As for console sales I am not aware of the numbers but they are definitely up a lot. Nintendo switches have been sold out for months and even xbox and ps4 have had revitalized sales numbers.
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48 minutes ago, nuckin_futz said:
That's certainly an interesting catalyst. The short interest makes it the most heavily shorted stock out there. Then again it's heavily shorted for a reason. Are institutional shorts going to give up without a fight?
The options activity is not indicating anything special. There are no options listed above $10.
I've been in and out of this stock for almost a year now and the shorts thesis has been that the company is going to go bankrupt. Of course they were hoping that Covid would put them out of their misery but if anything it's made them stronger. They've pushed out half of their debt a few years out but even their debt load is manageable as is and their cash flow will keep them going for minimum a few more years so it's not going bankrupt anytime soon. Especially with console cycle coming up. Shorts borrowing fee has been over 30% because there is no shares available but with these catalysts I don't see any reason shorts should continue to hold on. Also Ryan Cohen has continued to add even today after the huge run up he bought another 400+k shares at average of 6.60 bringing his share count to 9.6% of the company shares.
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Since this is purely speculative I'll throw in the disclaimer on this stock I'm currently in. GameStop (ticker GME) has a nearly 100% short float and news came in over the weekend that Ryan Cohen (co-founder of Mr Chewy) bought a nearly 10% stake in the company. In case you've never heard about him he has an investing philosophy of go big or go home. When he sold his company he basically plowed it all into Apple and Wells Fargo and has done exceptionally well. This is his third big purchase so it's a big statement coming from a single individual investor. With earnings coming out in a bout a week (gaming has done well post covid) and PS5 and Xbox launch around the corner we could see a massive short squeeze. Just make sure to have a stop limit in case it goes the other way but short term I see lots of upside. Also do your DD on this company, it has relatively small amount of debt compared to it's cash flow and lots of cash on hand. Today it was up 25% on huge volume and I can see that continuing until earnings
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Instead of slaying dragons, let's slay some Knights!
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On 7/26/2020 at 2:51 PM, Top Cheddar said:
shocking. I got lit up on these forums for Suggesting JB take Sieder who at the time was ranked in the 20's. Though I also never imagined Putzgoalsin would be available to us.
Don't worry I also was suggesting we take Seider at the time.
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2 hours ago, AriGold2.0 said:
Boom!!!! .43 to .61 and I'm out!!! Took 1-2 weeks exactly!
Just curious but what's been your return after the last month or so?
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I get the sense that this series will benefit Vancouver if only because of the long layoff. The way I see it offense tends to be the first thing that returns, while defense takes at least half a season to get back into the groove. With our young guns I think we can overpower their defense early on and steal a couple of early wins. Hopefully that will be enough to get us into the 1st round.
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50 minutes ago, NucksPatsFan said:
I don't think anyone in here has been touting swing or day trades as long term investments.
I know. However for the uninitiated reading these threads and the euphoria going on they could be suckered into a long term position. Therefore I felt it appropriate to leave a disclaimer for those who have not posted.
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1 minute ago, Warhippy said:
As stated my QLGN hold will only be until my self imposed acceptable loss is reached. Based on their news and signed contracts they will in fact increase their stock value over the next few weeks.
I kick myself for what ifs or should haves but at days end, I've made a few thousands this week and am only holding 1 dog stock and have banked my earnings while retaining my original investment amount towards future engagements. I can't complain about that as I am still learning.
Every dollar I make above my investment, minus my trade fee is a win.
Exactly as long as you remained disciplined in your trades whether the stock jumps way up after you've sold it you've still made a decent chunk of change. And with AriGold providing all the tips there is always something new to jump into haha.
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1 minute ago, AriGold2.0 said:
100%.. Well, Remark has a much bigger play then the rest because temperature scanning will be the future. People with even the flu will now be turned away from certain establishments.
That being said, yes all the Pharma companies etc are gonna tank hard after Covid (whenever that is). I treat Pharma as a pump and dump.
For sure Remark has a longer shelf life than most Pharmas because they actually have something they can sell to the public (vs Pharma that is a hope and a dream). They still don't have a sustainable business model because after Covid no one will be buying temperature scanners and I imagine they don't have a recurring business model. Typically when it comes to small cap companies like this whenever I see over 75-100 million$ in daily volume it's probably time to get out (Multiply daily volume by stock price). I am no expert on the matter but generally that is the case. Now could I see Remark going higher? Probably but it'll most likely revert back to it's trendline around $2 before making another move up.
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24 minutes ago, AriGold2.0 said:
This one's not a pump and dump like what we've been touting previously.
I will post it if I think it's legit and I would love your input on it! Pros and cons are most welcome, I would love good reasons not to buy a stock!
The problem with any company related to Covid is that these are all pump and dumps. Pharmaceuticals, Biotech companies, ReMark etc. None of these have sustainable businesses at super high valuations and should never be held long term. I remember during the whole Ebola craze when pharmaceuticals jumped couple hundred percent and eventually never to be heard of again. There is no money to be made there. Also there will always be good news like "Oh our vaccine works or our drug works" but 99% of the time they never pan out.
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22 hours ago, Warhippy said:
So regarding this stock, it used to be RTTR, merged with Qualigen. Now QLGN on the markets. They currently picked up and hold 2 incredibly promising medicines with exclusive distribution rights in China. QLGN since the merger tanked. I am willing to take a 30% hit on the stock but a 64% hit is unacceptable. I know that there was risk in holding on through the merger and that the stock would dip regardless of performance but it is not a love issue so much as a refusal to accept losses beyond my accepted percentage
I am referring to taking profits early. Just realized how short selling sounded. Selling early is far more appropriate a statement. I try to ensure my earnings exit strategy is within 30% growth, I try to keep my losses to within 10%
yesterday and today I lost out on a potential $8300 because I refused to hold on knowing that by mid day or following day the stocks would drop. ABIO did drop significantly today and SNOA is actually right in the mark of my sale price. So I made decent money on both regardless but could have made more if I'd have been patient. Can't complain about earnings but still...a little more steel and I'd be taking the wife to the dr for new...."accessories"
In regards to QLGN it looks like there is significant support at the level it is at right now so if it went down it shouldn't be by much. This looks like a sell the pop stock like all the stocks that have been listed here the last few weeks. I have no idea what the news or fundamentals of this company are but there could be a chance it has another pop in the next few months and then I'd be getting out. Don't get greedy.
As for ABIO, that was a crazy last three days and you should definitely not beat yourself over it. You made money...end of story. Had you held till the next day as all temptations do you'd be down 30%. I know you say you wouldn't have held past that day but your saying that in hindsight.
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1 hour ago, AriGold2.0 said:
Working on a big boy stock right now... Doing alot of DD this weekend...
If all checks out I will post on Sunday night, this one may be the the "Safest" investment on the market with the highest upside.
LOL none of these stocks are considered 'safe' and this thread should really be renamed the Gambling thread. Most of these plays are day - weekly trades and should be played that way.
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3 hours ago, AriGold2.0 said:
Wicked.. I like this.. I will do my own DD as well but 2 heads are better then 1.
P.S. I purchased 10,000 shares of MARK at 3.27 today. Plan to get out just before the earnings call.
Here's the DD on Remarks potential clients.
Wow go big or go home!
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I'm at the point now where we are really stuck between a rock and a hard place. To be honest we can't keep everything shut down and while I don't own a business I know that it's not feasible to stay shut down forever. In reality we will most likely have to deal with higher death tolls. Even the process of opening and shutting and opening and shutting is too drastic for most companies to survive. What closing down for the last few months has done is prepared us and bought us some time to bring in important supplies such as PPE and ventilators. The rules we have in place for businesses will have to suffice. Perhaps make mask wearing (of any kind) mandatory. At the very least it will help cut down infection rates in public.
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6 hours ago, CBH1926 said:
Good thing that Buffet sold all his airline stocks UAL up 23% today, LUV and DAL 13%,
Buffet sold them at least 30% higher than todays prices.
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36 minutes ago, nuckin_futz said:
The rental income hasn't been that badly affected. About 7-10% delinquents for April and May. Small sample size though and just from Victoria. I suppose it could be worse elsewhere as Victoria is a government town and those employees are gonna be fine.
Plus large supplemental programs are available from the Federal government. And $500 is available through BC housing. I assume similar programs are running in other provinces.
Yup I have Canadian Apartment REIT and while I believe there will definitely be some tenants that can't pay rent I think it might be slightly overblown how many won't be able to. At the very least management will be working with the tenants to ask them to pay what they can and with the subsidies and other income they should be able to collect majority of rent.
. So far looking good today on an overall down day. They just announced pricing on ps5 and started taking preorders last night with reports that it's already sold out everywhere. Also according to reports the disc drive version is the more popular version (although redflagdeals seems to prefer discless but they are redflagdeals so..)
Investing in the stock market - Discussion
in Off-Topic General
Posted
I know it's not sexy but has anyone been eyeing any gold stocks lately? I currently own KL but also thinking of picking up more plus also looking at IMG. I feel like gold still has a ways to run and is just consolidating right now but the selling pressure has been a bit overblown. Being patient right now and waiting for $50 entry price on KL and $4 for IMG.