Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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GNUS may have no debt but far more important is that GNUS also has never made any money!
All the cheerleading in the world won't hide this ugly truth.
It will take at least a couple of quarters to prove GNUS is deserving of investment.
Fine move!
$2.19?
That's not looking so good at this point in time.
I'm feeling for a lot of folks who've paid considerably more.
This certainly doesn't seem to be what a lot of folks have been predicting.
I hope the downward trend reverses. I'll be a buyer eventually but I'm prepared to wait.
Better luck to those still here wishing to fulfill their dreams.
CALZF is one peculiar stock!
My formerly devastating loss has been correcting to the upside. Mind you, I'm not complaining as I've long felt this would eventually pay off.
I still figure it will, just on its own schedule and not mine.
I'm still underwater but I'm learning to use my gills so things may work out yet.
lol
Wish I could help you but at this juncture there's no way to even guess.
A great deal will hinge on the expected Japanese approval which appears to be caught in the Covid-19 web.
As for selling? I'm definitely not thinking of selling RCEL. I love my involvement in the the company as a shareholder.
However, if the terms of a buyout were not acceptable to me, of course I'd sell.
Good questions, please keep on asking. It's the best way to learn and grow as an investor.
Jugs
Thanks for your post!
I'm showing one "new" share missing.
Ameritrade covered my back this morning. I nearly panicked when it dawned on me I'd forgotten to reset my RCEL sell points to disallow my shares usable for shorting. Turns out the brokerage killed potential trades in all five accounts. I have one general account, three IRAs and I manage a legacy account for a dear friend whose grandchild will be inheriting.
I just reset the sell points at $60/share just in case there's a buyout offer.
Taking this action is very important as it helps minimize shorts' borrowing our shares to use against us longs.
As my gang no doubt knows, I've been buying today.
MNLO is on fire sale cheap this morning for sure.
Been adding in lots of 1,000 shares each at prices between $1.71 and $1.733.
Sold some BAC to pay as I refuse to dip into margin. It's too risky these days and I've got to remain liquid no matter what.
MNLO is looking like the prettiest gal in my harem and she's screaming at me to buy more and more.
I sure hope she shows me some love in the days ahead.
lol
Post script comment:
Today's buy prices are a dime or so beneath my cost basis so that makes these prices unbeatable in my opinion.
No shit?
My wife tells me daily I'm a piece of shit but she's my favorite asshole so our love holds us together magnificently.
Constipation helps too.
lol
A little humor seems appropriate on This Day of Puzzlement
So your brokerage is broke?
I've been thru this stuff before. It's always disturbing, especially when involving a large portfolio position.
Frustrating.
But there'll be a new day.
Just think---tomorrow....
We may be broke.
Maybe we should file to launch a new brokerage?
Steve---
Take it and run!
You can live here--won't cost you anything meaningful--- How about $100,000 a day?
Hell, I'll live in the doghouse and you can have the house.
Or you can take up residence in one of the stables...if you want to pony up to the opportunity. I won't goat you into anything.
But my wife is mine and stays that way.
Yours is probably a good idea.
I'm showing my holding short by one share. I always hold positions in RCEL to the nearest hundred so I know the brokerage is making a mistake. But it will be straightened out soon, I'm sure.
Yes, it's a reverse split taking five old shares and converting them to one new one.
Management felt it necessary as there were so many shares in its original place of domicile (Australia). Consolidation should make things easier.
My hunch is that the far smaller share structure will make us more salable to a major pharma---this, plus being newly domiciled here in the States---and our blockbuster technology building an ever larger base in the medical device arena---we are on the edge of being super-discovered by a world hungry for medical breakthroughs. And then there are the large institutional investors not allowed to buy a company's shares priced in the penny stock range. Now, they can buy.
Don't you think this is why I have 24 shares and am adding constantly?
Oh, my Gawd!
You have fifty shares missing and you're complaining?
Geesh!
I have 24 shares.
Poor little me.
Sob, sob.....
Shit--=-my tears just shorted out my keyboard, I think.
Nah, it's working, just my brain that's all wet.
Good luck today!
What a mess!
Congratulations to you!
That's quite a hefty gain. I hope it holds through the last twenty minutes or so.
Good luck!
RCEL is trading strongly to the upside today.
So what gives?
Just a wild-assed guess but I'm thinking bears lurking in the woods are resigning themselves to the fact that the jig is up and they'd better close out negative bets or find themselves swallowed up by the redomiciling process coming to a conclusion. Things have progressed such that question marks must give way to things now in fact and clearly settled.
Another item:
Whereas a short could control a share of RCEL for $5 or $6 for some time now, this is quickly coming to a close as "new" shares of RCEL are on the verge of becoming $30, give or take a couple of bucks. The price of anteing up for a hand of poker is going up by a factor of five X.
I'm sure we'll all breathe a sigh of relief when the crumbs have settled and the air is clear once again.
Cheers, everybody! We have much to celebrate despite our finding ourselves surrounded by difficult issues. These matters will subside in time. But we have to remain sharp, committed and open to ideas and solutions.
We can do it.
The ticker symbol "RCEL" will continue as has been the case to today. Avita announced same.
The previously announced ratio was five old shares becoming one new one.
I'm unable to speak to your shares as my knowledge is confined to U.S. held shares. Let me suggest you call your brokerage as I'm sure they'll have up-to-date info.
My shares have not changed yet. I'm expecting this will have settled by the end of the week. In America this is a four day trading week due to our celebration of Independence Day occurring on July 4th.
This is completely untrue.
More history lessons?
Good points you make. However---or should I say "But---?"
On the other hand, if I'm addressing myself then it's Butt.
Or maybe Mr. Butt?
Let me go on record acknowledging that I, myself, am part of the problem.
Adding voraciously this week to positions in RCEL and MNLO, I scarfed up shares without hesitation as these two reverse splits-in-waiting showed their true colors as victims of Wall Street manipulation.
But I'm not so clean for there I was, gobbling up thousands of shares that were beaten down. My act of grabbing shares on the cheap is supportive of what's going on. We can say it was brought on by shorts or investor fear or pandemic pressures brought to bear--- but it all adds up to what's good for the company and us longs versus the fears and concerns of others not doing as we do.
Just sign me
Mr. Butt
This will not guarantee profitability any time soon. We'll know more well after Summer.
Meanwhile we should be seeing shares drift back down to fifty cents---with luck, that is.
People waiting in lines to be tested live in Brownsville, Weslaco, Santa Rosa, Harlingen Combes, Elsa and many other area communities. These are towns in the States and have nothing whatsoever to do with the wall.
Living four miles from the Mexican border I can tell you that the lines of those seeing Covid-19 testing require thirteen hours (!3!) of wait time.
Not everything can be explained with simplicity.
Good morning!
Thinking more on the subject of "what happens next?"-----
Big down days rarely last more than a few in number--- in a row, that is. We've exceeded that in this week's stock market.
More often than not, the market will bounce hard, reversing sour trends. Oh, some will proclaim it's a dead cat bounce but they're just vying for a bit of fame. The fact is that awesome downward drifts always show stronger life within a few days of the negative trend having hit full stride. We are fast approaching that point now.
So that has me expecting a conspicuous trend reversal by Wednesday. However, a few things could get in the way of history repeating:
1. Covid-29 news coverage might grow even more dire than the medical community sees. Right now, much attention is being given to the younger parts of our population including the 20-35 year old sector. There's probably a lot of denial trapped within the fabric of youth. And I figure it's to be assumed that seniors and previously compromised individuals with greater vulnerability will readily subscribe to strongly advised virus protocols. Yet I'm seeing people flocking to area flea markets with little to no elbow room and---nobody is even wearing a mask! My wife an I left an enormous flea market last week within a minute of having paid the admission fee. The sign posted at the entrance stated clearly that all attendees must wear a mask yet the first fifteen venders I counted had no masks at all. And JoAnn and I were the only visitors within view actually wearing masks.
This is not only here just a few minutes from the Mexican border.
It comes to mind now because I'm realizing that we, as a nation, have yet to accept a reality responsible for decimating enormous bunches of our population. We have virus testing sites fifteen minutes east and west of home with lines of anxious customers waiting as long as thirteen hours to get tested.
What I'm left with is all the above while also in the audience is a group of die-hards insisting that none of this is real, it's a political conspiracy they refer to as a "plandemic."
I don't do politics, period. But I am seeing needs unmet due to resistance.
Avita will not be wagged like some mangy dog with its tail being manipulated. Burns continue to occur through all circumstances. People suffer in various ways. And RCEL will have its day as it's the most wonderful solution for numerous reasons oft stated on this board.
However, we need to recognize that there's debris on the highway and it will run interference. Denial, political bias, youthful exuberance---and much more---these certainly may explain part of the crud in the streets. But I'm seeing something more basic to humanity that I can't ignore:
Power and control
We hear this phrase all the time but I doubt everybody recognizes exactly what it is and why it continues to exist at all...
If we dig down under political motivations and various views of social unrest, anger and a pervasive sense of indifference from fellow humans politically connected or not---something few could deny:
If everybody felt in control of life, I don't think we'd be seeing wholesale unrest.
So flea markets and political rallies and congested bars and restaurants and the like may not be congregations of dumb people or even folks in denial. It may be that these are simply people feeling out of sorts because the virus has disrupted our way of life...a very comfortable way of life, formerly, that is.
2. The stock market will usually return to workable status within several days of spiraling downwards because investors are people and people will not accept a dramatic loss of power and control. Life without control is life without meaning for many, many among us. So we look at our portfolio changes over the past week and in my case I dropped 17.7% For me this is enormous as it clearly demonstrates the plain truth: I have greatly diminished control over my estate. I'm reminded of a forest fire that ravaged the family caveman's first escape route---the family tree.
Back in February I moved out of oil and gas stocks altogether and moved more strongly into biotechs, knowing that it would offer more compelling opportunity. This week I pushed more strongly than ever.
It's easy to see that we will soon move out of the panic of doom and gloom and shift towards a more optimistic stance. Recognizable patterns will once again come into view. Stocks built upon a foundation of discretionary spending will again show signs of life but medical issues and financial institutions will thrive as they surely must.
So then, winding this up, I'm of the belief that over the course of the coming week we will reclaim considerable turf lost over this week now gone. I'll be in the hunt to buy shares in Monday's premarket and I'll not be deterred. Hopefully that won't call for a laxative.
NVF*
*Not Very Funny. But you can laugh anyway.
lol
Are you OK?
That's hilarious!
Rub his face in it, why don't you?
Good humor can be more than an ice cream novelty after all.
Afraid not although I sure wish I could have done it.
I'm now at 204,000 shares of MNLO and that's gonna be it for now.
I try to scale my position sizes according to my own expectations in terms of where I project the stock is heading near to mid term. And then I ask myself how that would sit with me---with my position size in tow.
I'm thinking we are going to see at least $4.50 by year end that's worth almost a million $ to me. It won't make much of a difference either way if shares exceed my expectation or miss it. Covid-19 could upset things again, obviously but I can't live under a cloud of gloom and doom.
I know what an incredible bargain today's prices have been and the killer instinct in me wants to scarf up all shares I can possibly swallow. lol
You haven't answered me at all. When you have time, please try.
Thanks.
I appreciate your looking in, John.
Next week has me in a bit of a struggle. Reverses always bring confusion and uncertainty to the table. These plus the ravaging Covid-19 pandemic resuming full stride this week plus market-wide response to these pressures have me unwilling to shoot my wad. I have added mercilessly this week and today in particular. I may rue having done that but I don't allow myself the space to regret my moves made within the bounds of free choice. Also, when I can pick up shares on the extreme cheap, I've got to do it or become my own fool.
I have a hunch things will be all over the place early next week but start to find a bottom before Friday of next week. All bets are off if Avita makes some sort of announcement indicating forward progress destined to enhance our share value. That would be fantastic but I'm not counting on it.
I've been encouraging friends and followers to play for cheap shares &
not lose sight of one thing in particular:
No matter how long the market overreacts to external pressures as above, this market is controlled by human emotion and sentiment and memory. As we ease on down the road people will forget today and this week and will yearn for a return to "normal." It's human nature and while understandable it lacks the maturity to embrace a new normal. Life owes me nothing! And that means I expect no miracles.
So that's what has had me in buying mode this week. I doubt I'll lament my actions.
Next week should start to level out. It may not unwind this week's losses but the week will unfold and we will continue living, God willing.
Are you saying that we're in the midst of a plannedemic and that:
1. It's fabricated and thus unreal?
2. It's not real and you're dismissive of virus precautions---not wearing a mask and eagerly participating in Trump rallies, going out to restaurants as you wish and shopping freely wherever you please without regard for precautions??
Which stance is yours?
Lastly, you've maintained all these deaths are not connected to Covid-19.
So you're saying that all these thousands and thousands of deaths are faked? Or suddenly the death rate tied to ordinary flu has leapt to unheard of proportions and is part of a conspiracy aimed at making Trump look bad? A democrat ploy?
Have you seen film clips of morgues running out of space? Hospitals turning away patients due to not enough beds?
And all those doctors and nurses long serving the sick with flu but suddenly they die---are you thinking they're not really dead?
Please help me understand where you're coming from as I'm just not getting it.
Thanks.
Just got a fill on each of two orders of MNLO:
500 shares each, price: $1.77.
My cost basis was $1.83 so this fits perfectly. Today's buys weren't of sufficient size to impact on my cost basis but I'm perfectly happy with things.
Today's drop is all about the reverse split, I'm betting.
These things leave center stage soon enough and memory will fade as well.
That's getting it done in style.
Glad to see you partaking. I don't think we're gonna wait for long to see today's buys paying off.
How much money has this "huge" news put into the hands of investors?
Tell the CEO to just chill out and maybe... the constant pump is not helping. He needs to focus on content and revenue. Show us some incoming cash and not the wallet. Smh.
Yes, yes and yes yet again.
Profitability spells the golden road, not hype.
Been adding RCEL feverishly.
The key to this move is that of recognizing the fire sale will soon end and with it---opportunity to lower your cost basis. It won't mean much to some but it demonstrates preparedness for others who recognized opportunity staring him or her right in the face.
I've been getting fills at $5.25 and below. Now working on $5.23 and $5.20.
Hope others are doing the same.
Know this:
The market's turmoil is not based on anything specific to Avita.
It's really that simple.
Throw a roach into the pony's feedbag but he won't eat it.
Covid-19 is the roach but I'm not eating it either. That's what makes this such an awesome gift.
There is no way Americans will accept permanent gloom and doom wrought by the virus. We will always find solutions.
Similarly, there is no way people will accept a lack of attention to burns and resulting scars.
Avita is more bigger and better than that.
Investors will be rewarded. I don't believe shares will remain affected by today's push-down in the days just ahead.
Here's the scoop for my followers:
I've added three thousand shares of MNLO this morning at $1.80 to just below $1.85.
This is Menlo on fire sale status.
The lady is screaming at me to buy her and buy more.
Earlier on I figured I'd pick up 500 shares on the cheap-to-keep at chicken feed pricing. But I soon realized that any shares bought at under $1.95 or so is an incredible gift.
Keep in mind:
Covid-19 don't give a hoot about acne and related difficulties that deteriorating skin conditions force onto sufferers. And while we have good reason to expect the corona virus issue to be resolved in months and probably not longer than that, the fact remains that skin illness issues will not be going away any time soon and probably not within our lifetime.
So then---do I, as in investor--- buy into fear and doom?
Or do I support relief for those suffering from such terrible circumstance? And grow wealthier at the same time? And have fun here?
I've made my choice and I'm damned proud that I did.
Good fortune to all here!
Just now I got a fill oin an order for one thousand shares of MNLO at $1.86.
While it'; a few cents above my cost basis I decided to go for it as I now have a thousand trading shares to play with sometime down the road. I'm currently holding 201,000 shares.
I'm leaning towards adding more for trading purposes.
Mind you, trading shares are like my petty cash drawer. I can unload a bunch or a few depending on how much cash I need for purposes of buying another stock. Today, though, I'm focusing on just MNLO and RCEL and I've been happily active in both picks.
Good luck to all and please let us know what and how you are doing!
Great move! Do you hear my applause?
I've also added thousand shares---the price is craaazy lower than it ought to be. Then we add in the reverse that's going to be in effect early next week---what's not to like about adding shares?
Oh, well...yeah---we've gotta pay for them. But we have to pay for the food we eat, too, right?
Prices we're paying will soon recover or my name ain't Santa Clause.
Key here is to ignore all the short shit sure to descend shortly and keep in mind we are longs here for the long term.
So what if it takes ten years?
lol
Just kidding. I'm too old to be fussing with a long term horizon. If it takes a year to two years to become truly profitable? I'm good with that for it won't put the brakes on our share value, keeping it from rising as I'm convinced it will.
You're onto something here, I believe.
My holdings of MNLO stand at 200,000 shares which is a hellacious position for me. However, I'm leaning towards adding further. More shares could become a trading maneuver for me with the 200,000 shares my core holding.
I have to see shares drop down towards the low $1.80's range.
I'll post trades should I decide to dig deeper.
Good luck to you!
No way!
I don't wish for low prices. I'm a committed long. However, if it's gonna drop, then I'll wanna be in the hunt as we all prolly should be if we've got a few bucks to spare.
Looking ahead a year or two, I remain convinced Avita will be a greatly respected AMERICAN company with appropriately priced shares to boot. I'm prepared to support the program in any way open to me. And my hand is more than merely steady so my shares are going to stay strong and steady.
So my attempt at projecting a possible buy point today? it's really an instance of trying to create some excitement for myself, an alert for others wishing to make good purchases and I may even get to make an ass of myself.
Just ask my wife.
lol