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Hi Toof, Re: Rapid Rise.............
Yes, at this pace I might hit my next sell target around the time your options mature.
Tom
Hi Tom
I am pretty sure I will have some called Dec 18.
Surprising how fast some of my stocks are moving.
Toofuzzy
The GTC Limit sell order to liberate 10% of the shares triggered at 9:55AM today at $9.76. Reserve cash has rebounded from negative 10% to plus 33% since the last share purchase in March of 2019 at $2.67.
This is a component of a "water and beverage" portfolio. Since Sunopta makes organic fruit extracts that get used in other prepared foods and beverages it fits and has been kept. Managing the ownership has been a challenge but Robert Lichello's AIM investment management method has done a good job.
Best wishes,
OAG Tom
You are not just the OG you are the OAG !
You had a sale or two before me. I stopped buying on the way down and had to wait for a bigger recovery.
STKL became a big part of my account and I am looking to hopefully cut it down in size.
Toofuzzy
Nice Move! I'm awaiting $8.77 for my next sale.
OAG
I had placed a GTC order in for $8.17 that filled this morning selling 10% of my shares.
Another 10% will be called from me at an effective price of $9 if it stays above $7.50
Toofuzzy
STKL crested $8 briefly this AM. That's the highest it's been since around July of 2018. It's also a long way back from its October 2019 lows.
OAG Tom
All we need now is for them to have earnings.
Toofuzzy
I was trying to sell some $5 puts for a few days. No one would bite at $.85.
I placed a trade for $.80 Thursday morning and it filled instantly.
I already have a lot of $10 calls sold.
Toofuzzy
That could have been a quick Round Trip for you!
OAG
Hi Tom
I'm using LD AIM on this with 5% SAFE and 10% min order size.
I increase BUT SAFE by 5% with each BUY up to 20% and reset to 5% with a sale. So now SAFE is reset to 5% for both buys and sells. $6.02 - $8.15 hold zone.
Like I said I could have bought most of the shares back today.
Toofuzzy
Hi Toof, Re: Recycling Cash.............
My first buyback is way down at ~$4.50. That's because on STKL I've been bumping up the Buy SAFE with each sequential buy. It got as high as 40 after all the long string of buys was done. The three sequential sales have reduced Buy SAFE now to 25% but that's why my "next buy" target is so low.
OAG Tom
Should I buy back the shares I just sold ?
Sold $7.50 now $6.20 ?
Target buy is $6.02
Tempting to just hold the cash in this market.
Toofuzzy
Hi Tom
My GTC order managed to fill Monday at the close at $7.50
Down to $6.20 now after earnings.
Luck = preperation + opportunity.
Toofuzzy
Hi Tom
That is because you were able to have a prior sale.
My last trade was a partial buy above $5.00 eons ago. I couldn't bring myself to buy more since then.I missed those recent cheap shares.
Toofuzzy
You're in line ahead of me. My price is closer to $8.
Placed a GTC order to sell 12% of my shares @$7.50
Guess we will see what happens.
Toofuzzy
OOOOPS! Yes, $7.98!
Hi Tom
I think I will be selling some at $70.00 also ( grin) If I am still holding it that long.
I think you meant $7.00
Toofuzzy
Hi Toof,
Another 5% of inventory left the Equity Warehouse yesterday at $6.67. Next stop is $70 for an additional sale of 10% of shares.
Cash is now 15% overall.
OAG Tom
Hi Tom
I'm thinking that as much as this has run up I should probably sell some before the earnings ( or lack of) announcement.
Toofuzzy
Hi Toof, Re: cash flow while we wait.............
Those option sales are a great way to cash flow an investment like STKL that's been down and out for so long. Keep up the good work.
OAG Tom
Hi Tom
The last time I bought was between $5 and $6. I couldn't bring myself to buy more.
I just sold some Dec $7.50 calls for $.80/sh today. I will also sell some.above $7.33.
Toofuzzy
Hi Toof, Re: STKL rising price/share....................
I let 10% of the holding go yesterday at $6.01 which added to the reserves of cash for this holding. It's now back to 11% cash overall at that price/share. My last purchase was in Feb of 2019 at $2.67/share. There's still some of that purchase left. Overall, the holding is once again profitable after many moons of it being under water.
Next targeted sale will occur when the Price/Share gets to near $6.70. This has been a rough ride for around three years with little relief along the way. At the point of my last purchase the cash was at negative 10%. Things look better now.
OAG Tom
Chart pop Today and retraced to a Support. Looking for a continuation tomorrow.
Hi Tom
It sure is bouncing around in price a lot. No rime or reason.
Toofuzzy
STKL is getting very close to refunding some cash for the position. It's been a VERY long time since the last purchase. GTC Limit in to sell 10% of position at $5.41.........
OAG
It is STILL below my last buy.
Are they at least earning money before depreciation?
Toofuzzy
Hi Toof, Re: STKL recent history....................
It's nice to see STKL back up toward its 52 Week High. That's a huge "W" over the last 12 months.
The Price/share still needs another 25% updraft before I'll part company with any shares. There's a bundle of them in the portfolio now, so I won't mind parting with some. If some of these chickens will just hatch!!
OAG Tom
" It would be nice to see sustained profitability going forward."
Is that something that is desirable? ( grin)
Toofuzzy
Hi Toof, Re: Recent News................
While not "news" there's a new presentation on their web site:
https://s23.q4cdn.com/915258311/files/doc_presentations/2020/05/SunOpta-Investor-Presentation-May-2020_vFINAL-2.pdf
It would appear they are getting product out the door. The fruit based segment suffered in 2019 due to poor harvest. 2020 is not yet obvious as to how the harvest will turn out.
It would be nice to see sustained profitability going forward.
OAG Tom
What is the current information leading to the higher prices?
Conjecture from last earning report that thing will keep improving? Or a y new news?
Toofuzzy
We can only hope.
I wish a 10% pop made more of a difference.
Toofuzzy
STKL did okay on a crummy day for the rest of the markets.
Maybe we'll get back to the 52 week high again.
OAG
I wanted in today and when it dipped this morning I had hopes of it coming to me, but it ran instead. Watching.
4God
My name is Toofuzzy for a reason. At least the losses are decreasing.
As usual
Toofuzzy
Earnings call seemed really positive to me. What do you guys make of yesterday’s news?
Yeah nice move in STKL today. Maybe they will start making money going forward.
I stopped adding shares below $5.00 so it still has a way to go before i will sell any shares.
Toofuzzy
Back to $3/share after two months of humble c-19 trading. It's nice to have it back above its 26 week moving average finally.
OAG
What a crazy ride STKL has been been in recent days.
OAG
That's true. Maybe another good announcement will push it just a bit more
Hi Toof,
Nothing in recent times:
http://investor.sunopta.com/press-releases
Nice move in STKL the past two days.
Any news?
Toofuzzy
News: $STKL SunOpta Announces Third Quarter Fiscal 2019 Financial Results
SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a leading global company focused on organic, non-genetically modified and specialty foods, today announced financial results for the third quarter ended September 28, 2019. “In the third ...
Find out more STKL - SunOpta Announces Third Quarter Fiscal 2019 Financial Results
I can't believe the market reacted well to the earnings announcement.
Then again it just went up to where it was two days ago.
Someone could have reduced their cost basis by 10% in the last two days.
Toofuzzy
I can't believe the market reacted well to the earnings announcement.
Then again it just went up to where it was two days ago.
Someone could have reduced their cost basis by 10% in the last two days.
Toofuzzy
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