BOUNCE (BOING)

[BullNBear52]

Happy Mother's Day!

[BullNBear52]

It's worse.
Fat Brands stock craters after company, chair Andy Wiederhorn charged in $47 million ‘sham’ loan scheme
PUBLISHED FRI, MAY 10 202411:37 AM EDTUPDATED 2 HOURS AGO
https://www.cnbc.com/2024/05/10/fat-brands-chair-andy-wiederhorn-indicted-in-47-million-loan-scheme.html

Federal authorities on Friday charged Fat Brands
and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks.

Shares of Fat Brands closed down 27% on Friday. The company has a market value of $92 million.

Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los Angeles for wire fraud, tax evasion and other counts related to the alleged scheme.

In a separate civil complaint, the U.S. Securities and Exchange Commission accused the company and Wiederhorn of violations related to the same conduct.

“These charges are unprecedented, unwarranted, unsubstantiated and unjust,” Fat Brands counsel Brian Hennigan said in a statement. “They are based on conduct that ended over three years ago and ignore the Company’s cooperation with the investigation.”

Wiederhorn, who was convicted two decades ago in a criminal case that involved similar conduct, was separately criminally charged in an indictment in Los Angeles of being a federal felon in possession of a handgun and ammunition.

“We look forward to making clear in court that this is an unfortunate example of government overreach — and a case with no victims, no losses and no crimes,” Wiederhorn’s attorney Nicola Hanna said.

[cintrix]

AVD down 25% American Vanguard GAAP EPS of $0.06 misses by $0.07, revenue of $135.1M misses by $6.8M

[cintrix]

Good luck - I already took profits on it and it is off my watch list. Let me know how you do if buy it.

[BullNBear52]

DV looks interesting. I'll pass on the others.

[cintrix]

FATBB down 34% and halted on this:

LOS ANGELES, May 10, 2024 (GLOBE NEWSWIRE) -- Today Brian Hennigan of Hueston Hennigan LLP, Counsel for FAT Brands Inc., issued the following statement:

“Today FAT Brands was informed that it has been indicted on two violations of SOX 402 for arranging approximately $2.65 million in loans to Andy Wiederhorn.

These charges are unprecedented, unwarranted, unsubstantiated, and unjust. They are based on conduct that ended over three years ago and ignore the Company’s cooperation with the investigation...

[cintrix]

Well this week was a bigy for earnings reports. I bought DDOG, UBER, DV, RMCI, and SPT, and SHOP. Sold the first five for a profit. SHOP I still have and am now below my entry price which I was actually above this morning. Should have sold it at the open but didn't. Might add here today since it is down but not sure yet.

[BullNBear52]

Best bounce plays are the big stocks that drop huge amounts on disappointing earnings or some other news that really isn't earth shattering. They always bounce back - sometimes the next day or the next week. I just don't post them on this board because no one hear likes the expensive stocks.

Those are my favorite bounces. TFC and CAG to name a couple. Post away.

[cintrix]

RVNC down 23% Reports Q1 (Mar) loss of $0.58 per share, excluding non-recurring items, $0.12 worse than the FactSet Consensus of ($0.46); revenues rose 13.5% year/year to $51.94 mln vs the $56.4 mln FactSet Consensus.
Co reaffirms guidance for FY24, sees FY24 revs of at least $280 mln vs. $291.63 mln FactSet Consensus.

[cintrix]

I traded it earlier for .18 gain - watching it but did not re-enter. Best bounce plays are the big stocks that drop huge amounts on disappointing earnings or some other news that really isn't earth shattering. They always bounce back - sometimes the next day or the next week. I just don't post them on this board because no one hear likes the expensive stocks.

[Buckey]

yeah thats really bad news. drugs dont work but they may kill people.

no trades today Bounces seem to be so small and classic Dead cats - They bounce a but and then go further down.

[cintrix]

MGNX down 68% - something you never want to read in a pr:
A total of five events with fatal outcome occurred as follows: one Grade 5 event in the 2.0 mg/kg dosing cohort: acute myocardial infarction (considered unrelated to study drug by the investigator); three Grade 5 events in the 2.7 mg/kg dosing cohort: one cardiac arrest (considered unrelated to study drug by the investigator) and two events of pneumonitis. In addition, a patient in the 2.7 mg/kg dosing cohort had a Grade 3 pleural effusion that is recorded as having a fatal outcome. The latter three deaths are being investigated, as follow-up is incomplete on this ongoing trial.

[cintrix]

DV down 40% -- DoubleVerify cut its full-year revenue outlook to between $663 million and $675 million. -- Its prior view was $688 million to $704 million. -- It also cut its forecast for adjusted earnings before interest, taxes, depreciation and amortization.

[cintrix]

TRIP down 35% it decided pursuing a potential sale would not be in the best interest of the company or its shareholders

[cintrix]

TMCI down 60% - earnings

[gdog]

Happy for you crazy weather this yr.

[Trend22]

We got lucky, they hit north of us. Missed central Oklahoma.

[gdog]

Stay safe

[Trend22]

Tornados coming this evening to. Central Oklahoma. Our basement is ready!

[Buckey]

wow 2 in one day down 80% plus to 30 cents

[cintrix]

GLYC down 81% company said its drug to treat a form of acute myeloid leukemia didn't meet its primary endpoint.

[cintrix]

lmao maybe you should so it can double

[Buckey]

LOL LYRA and no I didnt buy TYRA in error

[cintrix]

only got ion 2/3rd on TYRA but solid full double Are we talking TYRA or LYRA?

[Buckey]

only got ion 2/3rd on TYRA but solid full double from bottom for the PM crazies but Il take a 50% gain at .60 from .40 kinda avg sold some

[Buckey]

nice clip

now it dipped but recovering il add at .415 but thats 2/3rds

[cintrix]

Ok, now out .439! Yay!!!

[cintrix]

Went in small at .397 awhile earlier - yawn!!! 🥱

[Buckey]

nibbled at .40 but small

still in CETX near my cost willing to wait another day

[Buckey]

missed at .30 LYRA and now .38 what a great start to the week. Im going for coffeee I am expecting a flat tire

[Buckey]

LYRA -90% or is it a 10/1 fs lol was $4.00 friday now .30

or something to do with this gobblygook

WATERTOWN, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Lyra Therapeutics, Inc. (Nasdaq: LYRA) (“Lyra” or the “Company”), today announced topline results from the Company’s Phase 3 ENLIGHTEN 1 trial evaluating LYR-210 for the treatment of chronic rhinosinusitis (CRS). ENLIGHTEN 1 did not meet its primary endpoint of demonstrating statistically significant improvement compared to sham control in the composite score of the three cardinal symptoms (3CS) of CRS (nasal obstruction, nasal discharge, facial pain/pressure) at 24 weeks. ENLIGHTEN 1 is one of two Phase 3 clinical trials evaluating LYR-210, a bioabsorbable sinonasal implant (7500µg mometasone furoate), as a six-month treatment for chronic rhinosinusitis (CRS).

“We are surprised and disappointed by the ENLIGHTEN 1 topline results,” said Maria Palasis, Ph.D., President and Chief Executive Officer, Lyra Therapeutics. “We are moving as quickly as possible to evaluate the full dataset to better understand these findings in order to determine our path forward.”

[cintrix]

They put out a damage control pr! lol Here is part of it:

MNDR Market Volatility and Transparency Considering the recent share price fluctuations, we have reached out to Nasdaq to request discussions regarding the trading activities. We are committed to maintaining open communication with all stakeholders. We will continue to provide regular updates on our progress and performance through official channels. We understand that market conditions can be unpredictable, however, we remain confident in the fundamentals of our business and believe that MNDR is well positioned for continued success. We appreciate your continued support and trust.

[Buckey]

wth happened to MNDR

[BullNBear52]

For me I focus on stocks that I know are way over sold and I'm not looking for a short term gain. Mine just take a longer time to bounce.

Have a good weekend.

[cintrix]

MNDR now down 82% - I traded it once today for a .40 gain - haven't gone back in but I do have a very very lowball buy order in jic .

[gdog]

I have no idea on most of that and i'm to lazy to see why lol I'll just go back to my own little thread . but anyhow g/l to the bounce people..

[cintrix]

Don't worry about it. Let's keep this board for stocks that are down a good amount and may make a bounce for a short term trade. And post how much it is currently down and why it is down that much. If it is a stock that we already mentioned often it's ok to talk about it even if it isn't down that day.

[gdog]

lol tried to pm you and instead blocked you which I had no idea how I did, but in the pm (one or the other has us blocked) I was trying to ask you to take all the messages off the thread, won't hurt my feelings as if I'm getting away from the propose of the thread it wasn't my intentions..

[gdog]

AEON $1.5699

[gdog]

lol hope it runs?

[gdog]

wasn't that a bounce play? I did ask you to earse posts yesterday so sure take them all off....

[Buckey]

ok ill leave it with you to look after

[cintrix]

Can we please keep this to bounce plays - preferably down under 15%

[gdog]

forgot to mention here B ATOM yesterday $4.07

[cintrix]

MNDR down 59% - recent ipo telehealth co - Singapore

[gdog]

I bought UVIX $8.02 this a.m.

[gdog]

its starting to recover by Monday you should start to see.

[gdog]

5-2 S CLF $17.555 + 5.79%

[Buckey]

i simply cannot believe CETX is just stuck at .29-.30

Like i said I will hold until early next week see if my ancient old 3 day bounce rule comes in to play which has rarely happened in past few years.

On golf lol it was high 40s yesterday and yes I played in Shorts. finally started to feel like I had played before with a nice little 6 hole run of 6 pars.

mid 50s on the weekend so I wil play both days

[cintrix]

SPT down 38% on earnings - Lower than expected revenue.