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IPW is a trading play ..... savvy traders are going to profit from the volatility. I do it all the time. The next earnings report is 3 months away. That's an eternity for day traders.
RIOT is my favorite trading play right now .... I don't like the fundamentals, but I like the way it trades, and I'm making solid profits with frequent trades and by selling weekly options.
IPW hit $2.06 today .... definitely a good trader, but not a hold through the next earnings report. I sold too early but still made a small profit.
NOA - I've also been accumulating a position since Abh3vt's post on Wednesday .... looks like a nice find.
WBA - thanks for your commentary - it will be interesting to see whether the stock soon finds technical support and gets a bounce.
CVS had a lousy quarter, but primarily due to its Aetna business and health care services. Their pharmacy business did ok and that's more indicative of WBA's business. I'll be curious to see WBA's May Q3 earnings, but the report is still 4+ weeks away.
WBA is now among the lowest PE and highest yielding stocks in the S&P 500. It's gotten really cheap, but maybe it's deserved.
WBA -.52 to 15.95, was over $18 just last week .... there's no apparent reason for the sharp selloff. Maybe it's due to an leak that May Q3 earnings will be bad, yet they recently maintained the quarterly dividend of $0.25 for a current yield of over 6%. They'll report in late June. Any interest at this price level ?
NVDA +9.1% and the S&P500 +0.3% ..... excluding NVDA the S&P would be down 0.2%.
NVDA +42 to 992 after hours after beating estimates, issuing strong Q2 guidance and announcing a 10 for 1 stock split.
IPW -.14 to 1.44, the CEO purchase might simply have been window dressing in an intent to spark a rally but it didn't work.
KIK - I presume you did some shorting at TDA ?
When I look at my short selling history at Schwab, they are showing debits for both the short sale and buy to cover transactions going back 2+ years .... the older than 2+ year history is correct. Are you seeing that too ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174461845&txt2find=schwab
IPW - seems like a periodic credit, but you'd have to check past 10Q's and 10K's to find out what's typical .... in the year ago quarter there was no credit.
The first Schwab login required a text message security code be sent to my relative's cell phone .... she called me with the code, I identified the computer as private and also entered my cell phone number as an alternate .... Schwab's security software now recognizes my PC as being a known access point for the account.
IPW 10Q - vendor credits amounted to over 50% of operating income -
Operating expenses, which consist of selling and fulfillment and general and administrative expenses, are expensed as incurred. Vendor warranty credits resulting from refund of returns on quality issues are recorded to offset merchant selling fees. During the three and nine months ended March 31, 2024 and 2023, the Company recorded vendor credit of $858,456 and $0, respectively.
IPW uses Amazon to sell its products to many different customers .... Amazon is not the end customer but simply provides an excellent platform to run the online business. Lots of vendors use the Amazon platform -
https://sell.amazon.com/tools/seller-central
IPW should be a good trader .... that CEO 20k share buy at $1.54 might spark a rally tomorrow, albeit he already owns over 8M shares, so not an incrementally large purchase. Nonetheless, a signal that he considers it undervalued.
TGB and HBM .... wish I owned larger positions in these copper producers. Copper prices have been flying, now over $5/lb, up from the $3's just two months ago .... I'm holding on, but would be trimming if they were large positions. Who knows where copper prices will be going ?
Did anyone do any short sales at TDA ? When I look at my transaction history at Schwab it shows the TDA short sales and the buy to covers as negative cash flows .... the short sales should be positive cash flows. Is anyone else seeing this ?
IPW -.68 to 1.37, I just picked up a few shares and placed some lower GTC bids .... it got way overbought in the mid $3's on Friday as momentum players piled on, but now looks oversold and should be good for a bounce to $1.65+.
Here's a very useful site that I frequently use for options quotes and history. The Schwab website options chain is awful. ThinkorSwim is better but not as good as the old TDA website options chain which also showed bid/ask sizes.
https://www.optionistics.com/quotes/stock-option-chains
AAOI +.46 to 11.69, looks like a good risk / reward situation looking 6 to 12 months out and I've been accumulating shares the past few days. It's volatile and I'm hoping for another dip into the $9's or $10's to add to my small position.
IPW +.72 to 2.18, congratulations on the quick double ! Unfortunately I passed on this one since they have a long history of quarterly losses and I didn't think one quarter of profits could drive the stock much higher, but I was very wrong.
GTEC -.02 to 1.54, Q1 EPS of $0.09 excluding the warrant gain and tax benefit .... but who can trust the numbers ?
I'm holding on to a tiny position in case the stock spikes higher at some point as it has in the past, but will take the loss at year end for tax purposes if I still own it.
SBOW - I sold all my uncovered shares in the low $37's and used the proceeds to add to my position in VTLE, which looks undervalued and could also be a buyout candidate.
SBOW +3.55 to 35.90, glad you own a decent sized position .... with CRGY down 7% on the news, it looks like most shareholders will select cash, in which case we may only get a 40% cash pro rata with the rest in CRGY shares. I would have preferred a bigger buyout premium, but the valuations in the O&G sector are low.
I'll probably buy more VTLE rather than own CRGY.
SBOW (32.35) bought out at $38 or 3.125 shares of CRGY (12.25). If too many shareholders select the cash option, they'll get some shares, pro rata, in lieu of cash.
pr -
SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock for each share of SilverBow common stock, with the option to elect to receive all or a portion of the proceeds in cash at a value of $38 per share, subject to possible pro ration with a maximum total cash consideration for the transaction of $400 million.
Eventually the wolf will come and Wade will be right for the first time since late 2022 when he started calling for a severe bear market !
Ameritrade's options chain screen was far more efficient for active traders than Schwab's or ThinkorSwim's .... at Ameritrade one could with one click expand all expiration dates - at Schwab one has to click on each expiration date individually. So it can take 20 clicks at Schwab versus 1 click at Ameritrade to see the full picture ..... I trade loads of options and get quotes dozens of time a day, so Schwab's option chain a super time waster.
More broadly speaking, Ameritrade's website was far more efficient than Schwab's for active traders like myself. Ugh.
GME -10.38 to 38.37, looks like a good short, but very risky. It's once again a crazy meme stock. Shares are available for shorting at IB for 16% interest.
Schwab shows TDA realized gain/loss history only through gainskeeper - go to account history, then realized gain/loss, then gainskeeper.
Schwab - that is correct. TDA was much more suitable for frequent traders. Formerly I used TDA's website for trading but now I'm using ThinkorSwim which is much better than Schwab's website for placing trades and managing open orders .... ThinkorSwim has the duplicate trade feature, also one can click on the bid or ask to place an order and cancel open orders quickly with 2 clicks. I preferred the TDA website for order management over ThinkorSwim, but now ThinkorSwim is the best option for frequent traders.
TDA vs Schwab - another nice feature we're evidently losing is the earnings calendar for positions held and watchlists. It's very convenient to look at the monthly calendar and see at a glance how many positions are scheduled to report on any given day. Then click on the day to get the detailed earnings estimates for each company and also what they reported if the date has passed ....
Schwab's website is primitive compared to Ameritrade's, imho.
RMAX +.75 to 9.48 after reporting the completion of the settlement agreement - notably, the company does not expect an impact to its operating results or cash flows -
8K -
Under the Settlement Agreement, RE/MAX agreed to pay a total settlement amount of $55.0 million (the “Settlement Amount”) into a qualified settlement fund. RE/MAX paid one half of the Settlement Amount?during 2023 and expects to pay the remaining half within ten business days of the District Court’s final approval of the Settlement Agreement. In 2023, the Company recorded?a pre-tax charge for the full Settlement Amount within its Consolidated Statements of Income (Loss) with a corresponding liability recorded to accrued liabilities within its Consolidated Balance Sheets. In addition, RE/MAX agreed to make certain previously disclosed changes to its business practices. Apart from the payment of the Settlement Amount, the Company does not expect the terms of the Settlement Agreement to have a material impact on its results of operations and cash flows.
I'll soon be giving Schwab a call with my complaints, but I think it will fall on deaf ears.
I will definitely be evaluating Fidelity and Etrade as an alternative to Schwab .... the Schwab website is not trader friendly compared to Ameritrade. Very cumbersome for someone who enters many trades each day.
If I do shift business to another broker, I don't transfer the account .... I don't want it to be in limbo for several days or longer. Instead I flag it as sell only and periodically transfer the cash .....
TDA vs Schwab ..... I often have 40+ open orders at any given time since I like to scale in and out of numerous positions to profit from volatility. At TDA one can very efficiently sort orders by limit price, size, etc ..... any column is sortable, but not at Schwab .... also at TDA one can cancel orders very quickly, 10 or more at a time by clicking the box by each order or one can cancel all orders for a single security with one click. At Schwab it's very tedious to cancel a lot of orders based on what I'm seeing. It's one at a time. Ugh.
Schwab order entry is more tedious than at Ameritrade ..... I often like to enter a stack of small orders at different price points .... at Ameritrade one can click "reuse" on open or filled orders to generate a duplicate, then just change the price and submit. On Schwab it seems that there is no "reuse" feature and each order must be entered separately. And one has to acknowledge that it's similar to an existing order. A lot more clicks and trade ticket edits overall.
AAOI +.33 to 10.87, after hitting a high of 11.86 ..... the conf call was bullish on the 2nd half of 2024 and they expect an overall profitable year on an adj EPS basis .... that implies adj EPS of up to $0.60+ for the 2nd half, but that remains to be seen -
Conf Call -
With the improvement we expect in the second half, we continue to believe that 2024 can be our first full year of non-GAAP profitability since 2018.
AAOI down 20% after hours on lousy earnings and Q2 guidance ....
https://finance.yahoo.com/news/applied-optoelectronics-reports-first-quarter-201000875.html
RIOT -.12 to 10.23, I opened a small trading position in this bitcoin miner today. Q1 EPS was $0.82 thanks to a big mark to market gain in their bitcoin holdings. Obviously they'll see big fluctuations in quarterly earnings/losses as bitcoin prices move up and down. It's a volatile stock with very high weekly option premiums, so primarily I'm interested in capturing the premiums by writing covered calls and naked puts. The 52wk high is $20.65 and the chart shows technical support at around $10.
https://finance.yahoo.com/news/riot-platforms-reports-first-quarter-120000538.html
DIN -.14 to 43.44, after an earnings miss, but guidance maintained. Any thoughts ?
briefing -
Dine Brands misses by $0.24, misses on revs; reaffirms FY24 domestic comp guidance (43.55 ) :
Reports Q1 (Mar) earnings of $1.33 per share, excluding non-recurring items, $0.24 worse than the FactSet Consensus of $1.57; revenues fell 3.5% year/year to $206.24 mln vs the $210.54 mln FactSet Consensus.
Applebee's domestic comparable same-restaurant sales declined -4.6% in Q1.
IHOP's domestic comparable same-restaurant sales declined -1.7% i Q1.
Co reaffirms FY24 domestic comp guidance: Applebee's at +0-2%; IHOP at +1-3%.
"Our brands have been tested through many economic cycles in the past decades and while our first quarter results reflect the impact of consumer price sensitivity and challenging weather conditions, our fundamental business model remains steady with solid cash flow and positioning us to deliver on our guidance for the year."
IDR +.24 to 9.35, nice trading .... I'm holding on for now, averaged in at $8.67 .....