All things STOCKS

#9,652
#9,652
Thunder Good-Oil said:
I’ve had a buy limit of just below $51 for months now. It’s been coming back from the high 60s and just isn’t quite getting below my targeted price. I flipped it sometime in the last year for a quick, little profit.

I have another buy limit order set for Cisco that is still well away from hitting. Just need to include Intel and Microsoft and it would be 90s/00s tech horsemen all over again.
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The hardest part of this market is trying to time anything that is part of a Reddit run. Kinda split the baby and set limit at $120 yesterday for half of holdings.

Still a believer if you buy Intel and hold for a decade, you'll be fine.
 
#9,656
#9,656
mrorange211 said:
News?
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FDA denied approval due to some manufacturing issues they found during the plant inspection. Probably a bit of an over-reaction from retail traders since it wasn't an outright rejection of the drug, but obviously not the news we wanted to hear. Gonna just bag hold this one for now. Maybe pull a bit out on some spikes to put into other stocks. It'll fill the gap at some point though.
 
#9,658
#9,658
mrorange211 said:
At least it wasn't drug related. Sounds like a mgmt f up. I'm holding.
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Certainly does. I think it's worth holding, so I'm not gonna bother selling for a substantial loss. Sounds like that was the only hold up. Decent chance they get clarification on that soon and get it fixed. Would be nice if the ER next week gave some guidance on that.
 
#9,659
#9,659
Carp said:
Certainly does. I think it's worth holding, so I'm not gonna bother selling for a substantial loss. Sounds like that was the only hold up. Decent chance they get clarification on that soon and get it fixed. Would be nice if the ER next week gave some guidance on that.
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Buy more if the price is down, and you expect approval.
 
#9,661
#9,661
Really dumb question that I've always been curious about...can a company raise their limit of authorized shares and if they can, how difficult is it to do? TIA!
 
#9,663
#9,663
VolnJC said:
Really dumb question that I've always been curious about...can a company raise their limit of authorized shares and if they can, how difficult is it to do? TIA!
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Generally they can. It might help to own companies that have a large percentage of institutional ownership, but not if it’s concentrated in just a few institutions. Another thing to be cautious of is when there are multiple classes of stock with one having super voting rights. Company founders will often use that to cash out without giving up complete control of their company.

Activist shareholders can be good if their agenda is the same as the common shareholder. Sometimes they can be pressuring company boards to help them make a quick profit as they flip the stock instead of advocating long term vale creation.

John Malone is somebody that I can’t stand. I prefer not to be invested in companies that he is involved with. Sirius/XM might be my only current holding that he has influence over.

About 20 years ago corporate leaders attempted to keep executive stock grants off of income statements. They argued that giving executive leadership from the companies treasury stock/ buyback pool doesn’t affect company bottom lines. IMO tgat was a criminal stance… a sneaky way to steal from the average guy owning stock.

Shareholders need to hold boards accountable. They are supposed to be acting as fiduciaries for shareholders rather than be controlled by CEOs and company founders.

It’s not a bad thing to see Vanguard or CALPERS own significant pieces of publicly traded companies.
 
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#9,666
#9,666
I owned GEVO for a while the first time it got pumped. It seems like GEVO could win big if airlines move toward carbon neutral, although it's also possible that the majors will elbow them out of the way. I don't know that the technology barriers to bio-based Jet A really amount to anything. That is mostly just ignorance on my part. I think ENG's position is just hype but hype is plenty enough if you're trading stocks. Hydrogen has been a critical global commodity for 100 years. There are adults in this business. ENG built one little hydrogen plant and people started hyping the stock like nobody else ever knew what hydrogen was.
 
#9,672
#9,672
Morgan Stanley article:

All told, general concerns about an economic slowdown, as well as market fears more specifically pegged to the Delta variant, seem largely unwarranted—as does investors’ persistent push into supposedly defensive trades that favor mega-cap tech stocks. Indeed, the cyclical recovery still has more room left to play out in services, bank lending, inventory restocking and global trade. Investors should consider deploying cash into cyclicals, small- and mid-cap stocks, as well as non-U.S. developed-market stocks, as they look ahead to above-average economic growth in 2022. Emerging markets may also make sense for patient, long-term investors.
 
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#9,673
#9,673
Tri-CitiesVol said:
Went heavy in GEVO and ENG yesterday right before they popped in preparation for passage of the infrastructure bill.
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CAT would've been a good one. Still is even thought it sold off some today. Gap fill above. IEA or RAIL too.

I see the usual clan in here but I don't see Allen. Anybody heard from him?
 
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