All things STOCKS

#5,277
#5,277
I decided to bail out of SAVE where it was. Bad timing. I guess we'll see what the real range is, ha ha.
 
#5,279
#5,279
After selling SAVE I bought into MTNB, its a cheap pharmaceutical company, which specializes in life changing pharmaceutical clinical trials. Im thinking with vaccine news it could run.
Also, made a play with an AMC call very short term.
 
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#5,281
#5,281
VolAllen said:
Just got the IDEX earnings call notification...if you’re holding that, I wish you the best.
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Wanted something to run Thursday, Friday or even today so I could buy the normal dip right before the earnings. Of course nothing did. Anybody holding will be fine. 4.7M revenue for Q2.


20200810_164740.jpg
 
#5,284
#5,284
I messed up. I’m so mad. Was more than ready to get out of IDEX for the reasons many discussed here. Also, as a matter of principle, I don’t really want to invest in Chinese companies - especially those intertwined with the CCP (which ones aren’t?). So, saw the wall build today at $1.80 and thought I’d set trailing stop percentage sell once it went above that. Was busy and missed my chance then thought I’d just hold to see what earnings brought.
On another note I used the NKLA pr pump today to sell my position and cut my loss there. Will possibly buy back in the future. Also sold SAVE for modest gain.
 
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#5,285
#5,285
BigOrangeMojo said:
@Orange_Vol1321

4.7MM is slightly less than $11BB...

With that being said, it's not an awful report. The removal of the Going Concern is big but I hope that's more to do with improved business than them opinion shopping (3 audit firms in 3 years - using small CO CPA firm for the audit now).
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The 11B was future sales of what is mandated to change over. Everyone should take Q2 ER with a grain of salt, no matter what buisness, considering we have the virus around.

One thing about it, the shorts are playing a dangerous game with them.
 
#5,289
#5,289
Orange_Vol1321 said:
The 11B was future sales of what is mandated to change over. Everyone should take Q2 ER with a grain of salt, no matter what buisness, considering we have the virus around.

One thing about it, the shorts are playing a dangerous game with them.
Click to expand...

Ha, the $11BB was presented as an order list. I think once you look past the nominal revenue and the loss from operations, it isn't an awful ER. They lost the going concern designation, which is big. Their balance sheet is better. They can probably go another 6-9 months before they have to dilute the stock again.

The shorts have seen that this company bounces between so many things (unsuccessfully to date) and just aren't very good businesspeople (Why do they still have a FinTech Village on their BS and why do they need Broadway lease space). In all liklihood, they fail again and move onto something else; however, if they do hit, it won't be pretty for the shorts.
 
#5,290
#5,290
Sold SLGG at 3.50. Nice run from 2.90. Also sold MFA from 3.02 to 3.17 this morning. Back in again at 3.04 now. Sold SAVE at 19.28. Will watch for re entry.

Also moved some funds to WPX. Looking for 7’s there.
 
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#5,291
#5,291
VolAllen said:
Sold SLGG at 3.50. Nice run from 2.90. Also sold MFA from 3.01 to 3.17 this morning. Back in again at 3.04 now. Sold SAVE at 19.28. Will watch for re entry.

Also moved some funds to WPX. Looking for 7’s there.
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You need a home security system to protect all those earnings. I bet you won't pick ADT :)
 
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#5,292
#5,292
BigOrangeMojo said:
Ha, the $11BB was presented as an order list. I think once you look past the nominal revenue and the loss from operations, it isn't an awful ER. They lost the going concern designation, which is big. Their balance sheet is better. They can probably go another 6-9 months before they have to dilute the stock again.

The shorts have seen that this company bounces between so many things (unsuccessfully to date) and just aren't very good businesspeople (Why do they still have a FinTech Village on their BS and why do they need Broadway lease space). In all liklihood, they fail again and move onto something else; however, if they do hit, it won't be pretty for the shorts.
Click to expand...

Isn't Broadway exactly where they should be. They are just actors apparently.
 
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