Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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In all fairness, tdeck has been involved in some retail clothing picks. However, I doubt more than a few of such picks in that segment aren't down massively.
I'm not into retail or oil & gas at present, believing this is not a good time for me to do otherwise.
At the same time, when and/or if we see market conditions returning to anything resembling pre-Covid-19 status, tdeck's wonderful due diligence may yet prove to have been a true gift to investors.
Nobody could have seen this depressing time enveloping us four months ago.
It's never easy accepting difficulty, I know. Yet we will come out of this. We have to hold on as best we can and trust our instincts to pull us out of this quagmire.
Thanks for your posting it.
It seems to be listed along with dental drugs but I'm not on a drug regimen so it's probably my lack of experience showing up.
Someone is making fun of me for holding my position (s) in MNLO.
It's certainly not funny to me. As a matter of fact, I'd earlier mentioned that I would be receiving particulars from my CPA regarding my 2019 tax filing. My debt to Uncle Sam is not nearly as big as I'd expected. This has me back in the hunt for Menlo shares.
This is a very pleasing development as I'm absolutely convinced that these shares should be trading at a far higher level. So my goal is as clear as could be.
Good luck to you and everyone else NOT conspicuously ignoring the fact that it's Summer and a perfect time to switch out of shorts and opt for a swimsuit.
lol
I gave it a real he-man try but didn't find a reference to MNLO's FDA approved drugs. I went through everything.
Would you be so kind as to post a paste of the item you find of value?
I'd appreciate it.
Thank you.
Many of us have expected a rout brought on by shorts attacking RCEL immediately following the reverse split. Some prepared for low-ball buying opportunities, stockpiling cash well in advance. And some, while predicting this stock's share price would suffer dramatically, are curiously missing in action, at least for the moment.
It's now been about a week since the redomicile officially went into effect and, of course, the reverse split has shared center stage.
So it might be appropriate t ask:
"Wha happen? Where's the drop?"
Granted, it's only a week...but the market, so far, at least---seems to be accepting that Avita is here to stay. Oppenheimer just upped its target valuation to $45 for a 50% increase from pre-split pricing.
Volume appears to be holding well enough without huge swings in either direction. My sense is that the market is sorting through things in an attempt to determine a realistic trading channel while we longs await news from inside justifying further building out our positions.
About the only surprise for me is that our stock has been holding up rather well despite a perfectly terrible stock market environment with difficult pressures coming at us from all directions. We're merely pennies from our pre-split stock price. That ought to say something to stability in RCEL Town.
Let's toast to more of the same. We all know this will work out great for us. All we have to do is add on dips when possible and hold on with strength knowing the end prize awaits us.
That's not weak in my opinion. It's damned smart.
I never buy at a valuation set by retail trade. The price has to hit parameters I set for myself.
Also sitting on cash here but unwilling to buy until I sense something really great will propel shares much higher.
Good to hear.
Thank you.
Of course that's true. However, in light of the following paste, it's not quite so simple:
".....price target lifted by investment analysts at Oppenheimer from $9.00 to $45.00."
In a moment I'm going to close out my bid to add a thousand shares of MNLO at $1.60. It's not anything about the company. Tomorrow I meet with my CPA regarding to sign off on my 2019 tax return and I want to avoid any distractions.
For the record, I now hold 212,000 shares of MNLO with a cost basis of $1.825. I'm comfortable for now despite being underwater to the tune of $35,000. It's not pretty, I know---but when this thing turns, it will contribute a great deal to my estate. I'm not doubting anything, for sure.
This will be great for us all if it actually happens as Oppenheimer projects.
There's a bit of misleading info as the target valuation of $9 was obviously based on pre-split share price.
Either way, let's hope this comes to pass.
Obviously the follow-on order for 1,000 shares of MNLO executed, a bit to my surprise given the quick execution.
I went back in and changed my earlier placed bid to acquire a thousand shares at $1.62 and it now stands at $1.60. I hope nobody was damaged by my $1.65 number although I doubt anyone here has a cost basis lower than $1.65.
Let us know how your trades are going, won't you?
TIA
Jugs
Good morning everybody!
Well, I had a low-ball bid for 1,000sh of MNLO set to execute at $1.65. I mentioned this at least once last week.
Earlier this morning I was surprised and pleased to find the order executed. Frankly I'd forgotten about it. Nice to be able to add at a price well beneath my cost basis.
Now I'm going for a repeat offer to buy at $1.65 along with another bid at $1.62.
Both orders will be attempts to gain 1,000 shares (each) and set up as GTC+Ext. This will give me peace of mind as I know those prices are very low-ball for sure. At the same time, I won't have to keep an eye on standing orders as all will be set up in advance.
I hope others here are doing the same sort of thing as the greatest profits will always be represented by a market valuation exceeding our cost basis. My cost basis is lower than most investors but inasmuch as it's $1.826, I'm still underwater. But I'm positive this will be changing, hopefully for the better---for me. lol
Good fortune to you!
It might be that it will require a lot of money to pay for the Stan Lee build-out. That translates into massive dilution awaiting shareholders.
You are forgiven.
Your post is very interesting for sure. Unfortunately I'm unable to read it although I don't even wear glasses.
Lol
Could you try again?
Thank you.
lolol
Checking my five Ameritrade accounts I am not seeing a per/share (pre-split) fee assessed...not yet, anyhow. I'm not feeling "saved" as Mellon charges as Mellon can and, perhaps---must. Still, this is shaping up something like another cloud hanging over me although in the number #2 slot with Covid-19 the mammoth elephant in the room.
Nightly I'm glued to the living room TV, watching what used to be known as the 5pm news but now might be more appropriately called the 5pm Corona virus report. I await new case-counts of Texas counties: new cases and deaths. I guess I find it slightly reassuring when only a few deaths are being reported yet I'd hate to be one of those few while even worse---my wife becomes a statistic.
We are extremely careful. Some insist this is a plandemic but I can't be dismissive of thousands upon thousands declared dead in just a few months. This is nothing like damage wrought by the ordinary flu such as we've adjusted to and survived. So many unfortunates people have not been able to endure this new age plague. So I've been designing masks for myself---incorporating four layers of fabric along with a thin film of plastic embedded. So far it's working out as an interesting project and thus far effective, apparently.
Let me take this moment of opportunity to extend my wishes for today and future days to provide you all with cause to celebrate life itself.
What a great gift life is!
Len
Maybe Ameritrade handles such things more efficiently than Mellon?
I'm thinking we may be lumping both transaction types as though of like nature while one properly is a banking item and the other simply a brokerage fee.
Maybe we ought to be expecting a bill?
That's certainly reasonable.
No. I have their website open on my computer but have much to read.
Can you offer details ?
Interesting as I had 68,000 presplit shares which changed to 13,600 sh post split.
Apparently I've not been assessed a $3,400 charge plus the $38 reorganization fee.
I feel really bad for those having to pay, wish I could wave a magic wand. But here's a preyer: (spelling intended).
And now I lay me down to sleep,
My cash account stays mine to keep.
Just rounded out my MNLO holdings, adding 500 shares at $1.69. The after hours session made it possible.
This stock is going to move, I feel it in my bones and my bones are rarely wrong.
No arthritis to upset anything, either.
lol
Please let us know what develops with Vanguard.
TIA
This really pleases me. I wish I understood why we're not being hit with the five cent charge but I'll accept it. lol
Reversing the $38 fee looks to me like Ameritrade is simply eating their fee setup. I won't complain.
Great news, hearing you will not be assessed that multi-thousand $ charge after all.
Congrats are in order.
Absolutely beautiful!
For many years I've known that lots of people can find great stocks but it's the savvier investor who knows how to fearlessly go after opportunities as they develop.
You're getting it done and I salute you!
Here's a question for you...
My thought is that your enthusiasm might well be infectious. Explaining what you're seeing that has you committing so convincingly to MNLO might be of great value to others who might just be sitting on the fence. So anything you can say here would be deeply appreciated by me and could impact favorably on the estate of others.
For what it's worth, I've got orders ready to execute if my price points are met---during the after hours session. I've done very well opening my offers up to post session investors.
Looking forward to much more here!
My order for 500 MNLO at $1.67 finally filled. It took a couple of hours but with a market as jittery as it is, the wait was worth it.
Now going after 500 shares at $1.67 to round out the nearest thousand.
If you're within earshot of this board and NOT picking up these super cheap shares, you might want to check in to the nearest sanitarium.
With two recently FDA approved acne drugs, one on the market and doing very well, the other set to launch towards the end of the year and a third pipeline item coming up for review (FDA)---what could be better?
I guess not everybody wants to make good money, is that it?
Can't speak to what, if or why Australians would be charged. However, the shoe is now on the other foot and I'd assume Mellon Bank will be involved but in the other direction for Aussies.
Ameritrade handles my stuff. I called about the reorg. fee of $38. They rescinded it for me. I'm surprised in that the charge wasn't applied to my accounts consisting of IRAs covering the wife and me but it was charged on a legacy account I manage for a friend. They reversed the fee following my phoning them yesterday. I'm pleased.
But I continue to expect the $3,400 charge, it just hasn't happened yet.
You have considerable holdings and I believe we use the same brokerage. You might call them and play dumb, asking what it is about. The powers that be might pull a string or two. Just be sure it's not a thread dangling from a jock strap. That could really get things balled up.
Just now checked coming onto noon o'clock Thursday and still no 5 cent charges applied. I'm not feeling entitled to anything special. Rather, I'm just kind of ducking so I won't be decimated when the charges do appear on my accounts.
Looking in another direction---
Some of us were expecting RCEL's "new" shares to become victims of a short attack following the reverse split. While I can't say I was part of that group, I definitely set things up so that, in the event the attack were to unfold, I'd be able to take advantage of cheaper prices.
Well, I'm kind of surprised to see that shares are holding fairly well. I wouldn't be surprised to soon find shares above the closing price achieved on the eve of the officially begun post split arrangement. That price, others may recall, reflected an unexplained surge leading up to the reverse. That said, I'm looking at that price as not a foundational price point as it hadn't had time to become a solid bottom or support.
So I'm rather pleased with how the investment community appears to be viewing Avita. Things could certainly be a lot worse.
Hoping for the best for all of us.....
Jugs
How can you possibly say that when it's so utterly true?
lol
Today is falling in line perfectly with observations shared yesterday.
Thus I've been buying shares of MNLO in 500 share amounts at $1.70. $1.69 and $1.68.
My 1,000 share order (GTC+ext.) at $1.65 still stands, unfilled so far.
My pending orders as of now include that plus trying for 500sh ar $1.67 and $1.66.
Anybody else nibbling here?
Being as Schwab and Ameritrade are now becoming as one, I'm waiting for the charges.
Thanks for providing details, links and pastes.
You give so very much!
Great question for this board!
I just checked my Ameritrade accounts (5 of them) and I've not yet been assessed the $0.05/share fee.
I manage a legacy account for a dear friend. His account had been charged the reorganization fee amounting to $38. I called the brokerage and they rescinded the charge. This came up earlier in the year involving another stock and the fee was rescinded then as well.
This has me waiting to see if the charges begin to show up in my accounts in which case I'll have no choice but to pony up. Too bad as I'm wanting to add to my MNLO share count but I don't want to slip into the dreaded big bad margin zone. Gotta look both ways before crossing.
Can we hear from all here who are being charged? And particulars as in how much per share and total fee levied?
Thank, folks.
You're interpreting it incorrectly, looking at both sides of the trade volumetrics and adding them up as though equals. It's not how things are closed out at day's end.
Oh, boy!
I can't wait.
Oh, boy!
An ad.
Arnold is old.....so old that kids interested in cartoons have no way to recognize him. He's 72 years old! His skin is as crepey as anybody's and no amount of face lifts can hide the effects of aging on this once-beautiful person now humbled by age.
There can't be very many opportunities for this man these days. And that's why I figure he's represented as an interested person by GNUS.
Sure, he doesn't stand to benefit big time by any success garnered by the company but when you're on the ropes and unable to reverse the clock, you do whatever you can---even if you're relegated to participating in a cartoon for the little kids.
Sad, to be sure, but real.
Convincing the other burn centers doesn't strike me as a prioritizable goal, to tell you the truth. We know the process takes six months. Too, once a burn center signs on, as I understand it---none have pulled out of the contractual arrangement that has orders for kits renewing every five months or so due to limited shelf life.
Covid-19 has really hurt due to its having interrupted the training program responsible for bringing doctors on board. Clinical trials have slowed demonstrably and associated hospitals (including burn centers, of course).
Available hospital bed space has been severely compromised in an effort to better serve a community afflicted with the virus. I'm sure that Covid-related pressures have really bogged down our company's results.
Japan's approval will have impact as will any positive data coming from ongoing clinicals. And we have a growing number of initiatives underway and these will undoubtedly help us gain more recognition.
For now, though, I'm afraid we remain somewhat at the mercy of winds, be they ill winds or otherwise.
The entire planet is focused on the Corona virus at present which as it should be, I think. So we want to keep our eyes on points beyond the reach of the virus. And this is what spells my determination to continue adding shares.
Good fortune!
$37.22/share will bring me back to flat.
This doesn't take into account profitable trades dating back to earlier this year and during 2019. The $37.22 figure is Ameritrade's IRS reportage and is the adjusted post-split number.
According to the brokerage I am currently underwater to the tune of $97,000.
That's more water than I'm prepared to drink at the moment. But I'm definitely a very happy camper and I'm poised to add shares should the marketplace bring them into a more acceptable range for me.
Good luck, all!
It's looking to me like MNLO is licking its wounds. With the share price swinging this way or that by a few cents, one would think something is up.
Well I'm here to tell you there may be something up.....and sometimes I'm not sure it's the share price. lol
At the moment the price is at $1.77, up four pennies. There's no reason to assume shares will continue rising throughout the day, week or even month.
Yesterday I set up a GTC+Ext. order for a thousand shares at $1.65. That order will stay on the books until such time as I have reason to change it. It's definitely a bottom-fishing line in the wet sand. There's virtually zero likelihood that we'll be seeing shares going for less.
For the record, I definitely want more shares of MNLO. I'm willing to add at beneath $1.70 but at this juncture I won't pay above $1.70 as recent trading activity tells me this stock is being played. The simplest way to recognize this is by looking at the spread---trades have ranged from $1.71 to $1.82. This eleven cent spread comes to almost 4.5% and it's significant as there's been no news coming from Menlo explaining the spread.
With two recently FDA approved acne drugs in the pipeline plus another candidate coming up for FDA review at the end of the year, MNLO is obviously deeply undervalued at least at present. This establishes in my mind that the stock is going to blast off one of these days. I want to be on the spaceship when things lift off. And today's ultra cheap prices make this the most perfect time to build out positions.
I usually buy MNLO in 1000 share amounts but this week I've also been adding in 500 share increments so as to take advantage of momentary price swings. Savings may not seem great but saving $50 on twenty, thirty or more trades will certainly add up to something anybody'd appreciate.
Good fortune to all here!
Three weeks old news yet again?
Does it ever end?