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sif 6.50s I couldn't hold off from taking profits.
re: sif hweb I saw that as well. 2020, however, is very likely to be the trough for orders, and with the improved operating margin, this could be the beginning of an uptrend for sif.
sif nelson my quick calculation was in that neighborhood as well.
SPRT announced that Comcast has terminated a portion of their contract with SPRT. It represents approximately 10% of their revenues. Given the strength of this market, it will probably be up for the day.
DIT announced a special $5 dividend.
The problem I have with crypto currencies is that there is no limit to the number of currencies that can be created out of thin air. Next week bitcoin could start bitcoin X, followed by bitcoin Y, etc.
I understand why bitcoin has an appeal when you see central banks devaluing their currencies at an alarming rate, but at the same time digital assets have no limit to the number that can be created. Eventually they will be so oversupplied that they will dilute themselves just like the currencies of central banks.
Tulip mania in the 17th century drove the price of the rarest bulbs up to an estimated $750,000 in todays money.
Does any of this sound familiar?
https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp
It was at that time that professional traders ("stock jobbers") got in on the action, and everybody appeared to be making money simply by possessing some of these rare bulbs. Indeed, it seemed at the time that the price could only go up; that "the passion for tulips would last forever." People began buying tulips with leverage - using margined derivatives contracts to buy more than they could afford. But as quickly as it began, confidence was dashed. By the end of the year 1637, prices began to fall and never looked back. A large part of this rapid decline was driven by the fact that people had purchased bulbs on credit, hoping to repay their loans when they sold their bulbs for a profit. But once prices started their decline, holders were forced to liquidate - to sell their bulbs at any price and to declare bankruptcy in the process. "Hundreds who, a few months previously had begun to doubt that there was such a thing as poverty in the land suddenly found themselves the possessors of a few bulbs, which nobody would buy," even at prices one-fourth of what they paid.
By 1638, tulip bulb prices had returned to from whence they came.
octbargains - I do think that inflation is showing up in asset prices such as stocks, bonds, homes etc.
I wish I was smart enough to know when this bubble was going to burst.
GTIM had a good q eps .12. It may not be sustainable, but I picked up a few shares in the 2.20s due to how insane this market is trading.
Currently halted. It will be interesting to see how it trades.
I listened to the cc and they mentioned it in passing, but they didn't provide any non-gaap eps numbers.
This stock has a huge short interest, so it will be a battle between momentum players and short sellers. It is tough to short anything in this market, or I would probably make a more significant bet.
SFIX 49.3 I shorted a small position. It could backfire, but they reported earnings of .09 v expectation for a loss .2. The earnings were the result of a large tax benefit which was conveniently not mentioned in the press release.
MDJH halted up 32%
MDJH could be a junky china real estate low float play to watch. HGSH which is another low float china real estate play is running wild today.
nelson - HIL is showing some strength. The sector has been pretty strong of late.
It would be nice to see HIL make a move back to the mid 2s like it did in May.
UUU has been slowly trending higher. It will be interesting to see if this gets a low float run.
I grabbed a little RVP as well. Last q they issued the release at 10:43ct.
DIT only has 551k total shares and a float of 180k, so it is very illiquid. I wonder what the low float crowd could do with it if they tried to run it?
Interestingly the US 10 year at .94% has a higher yield then the 10 year Greek.
DIT had a blowout 4th quarter. EPS of $4.97. If they would give up on the health food venture, they would have posted a significantly better quarter.
UUU - The divestiture of the Hong Kong joint venture and lower interest expense have improved UUU's bottom line by .2 per share before tax on a year over year basis.
re: UUU
Margins were only 2.5% higher versus the prior year quarter. That equates to about 160k improvement in gross margin over the prior year quarter.
re: UUU the divestiture of the Hong Kong joint venture and it's corresponding losses in March of 2020 have definitely improved the outlook for UUU.
Their connection to the energy industry is related to the transmission grid. Why does that concern you?
re: STRT Fantastic quarter, hot sector and a low share count. I remember back in 2015 when STRT ran over 100.
STRT picked up some shares.
Clarification on BGFV dividend.
The dividend yield is 2% at the current price. The last dividend was doubled up and will only be .05/qtr going forward.
value re: BGFV
There are still 8 trading days until earnings are released. There is a chance for additional upside in that time.
My biggest concern is a market correction before earnings. That is why I started shorting HIBB as a hedge against holding BGFV.
I've never been a great market timer, so we'll see how it works out.
BGFV follow up
If BGFV were to trade at a similar price to sales as DKS, HIBB and SPWH it would have to reach roughly $30 per share. If BGFV were to reach a price to sales roughly half of it's competitors, it would be trading in the mid-teens.
Bgfv
Prices to sales
DKS .66
HIBB .62
SPWH .65
BGFV .21
I'm going to continue to hold BGFV with the hopes that it will close this valuation gap. I've been shorting HIBB in the mid 50s as a hedge. The value of my HIBB short is aproximately 50% of my BGFV long.
You might be right, but I look at the valuation metrics for BGFV versus SPWH, and I still see BGFV as a value play even at its current valuation. It is trading at 1 times book value. It will have a stellar balance sheet at the end of the current quarter. It has a yield of 4.6%. Price to sales are significantly stronger then spwh. It looks like I may be alone on this opinion, but I still think BGFV has a shot at the mid teens.
BGFV if the momo crowd starts chasing and causes a short covering rally, maybe this stock could close the gap with spwh valuation levels.
KIK beat me to it. I grabbed a few shares in JVA on the announcement of the CBD joint venture.
Did you buy any hbp? It could still be a decent trade in the 3.1 to 3.2 range
bbotcs have you tried downloading Fidelity Active Trader Pro and using that instead of their website? That is what I use with Fidelity, and I haven't been having any issues.
I don't have an opinion on the Macbook, but mad props for being able to trade so successfully on a 15" monitor.
TRT looking like a low float possibility
re: CPSS-I don't have any skin in the game, but with a price only slightly above book value, I could see them rejecting that offer.
I don't know anything about GORO, but investors don't seem to agree with the idea that the spin-off unlocks the value premium of the Nevada operation.
The prospects of another round of stimulus seem to be the only important factor. The market also realizes that the flow of stimulus is likely to continue regardless of the election outcome.
With zero interest policy that will keep pushing asset prices higher. It will break badly at some point, but who knows how long that will take.