Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"Tumbling US natural gas prices prove unstoppable, hurting producers"
"BRIDGEPORT, Texas, Feb 21 (Reuters) - For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.
In the oil versus gas contest, gas producers are losing out. Some are shutting in wells, canceling projects or selling themselves to rivals to avoid losses. Natural gas prices this month fell to an inflation-adjusted 30-year low of $1.59 per thousand cubic feet, benefiting consumers of the fuel like utilities, but hurting producers who are selling at nominal prices as low as they were in the depths of the COVID-19 downturn.
https://www.reuters.com/business/energy/tumbling-us-natural-gas-prices-prove-unstoppable-hurting-producers-2024-02-21/
GFP: Two things about "CEO" Litoria who just posted. Her overly wordy post about BRK seems to have been written by AI and I notice that most of her other IHUB posts arrive in the middle of the night US time suggesting they come from very far away.
Wow, Latoria, I see your company makes no-credit-check loans. Is that correct?
"According to my Finviz, BRK is up 14.1% YTD." and up 32% for the past one-year which is stunning when you think of all of BRK's cash, $72 in cash per share.
BRK is moving up some lists while trendier stocks such as TSLA are lagging or even falling. What a great year BRK is having! According to my Finviz, BRK is up 14.1% YTD.
There used to be a guy on IHUB who would cherry pick from Buffett's holdings, something like two or three stocks at any time. Problem was they were usually Buffett's worst dogs.
I'm thrilled that I own BRK, especially when he picks oddball, obscure, non correlated investments like those five Japanese trading companies. In that way BRK is something like a hedge fund, only with vastly lower costs. Not many hedge fund CEOs work for $100,000 a year! Especially those with 80 years experience.
Oh, be sure to let me know when BRK's "mystery stock" is identified.
Oh, I remember you saying that. I still own two conventional mutual funds from decades ago. One is a megacap fund with pretty high expense ratio. I only still have it because I have tons of untaxed capital gains. That wasn't one of my smarter buys. After my initial purchase I never added to it.
My other remaining mutual fund is the Nicholas Fund, bought around 1990 which has done extremely well but still not quite as well as an S&P 500 index fund over the same timeframe.
Yeah, my mistake.
Am I correct that you don't usually buy small caps stocks and certainly not pennies? I realize IOVA is $12 right now.
I've read a number of articles about chocolate shortages this year.
Well it IS entertaining to watch pumped junk Chinese stocks plummeting.
"we will strive to satisfy customers' entertainment needs "
With Vanguard for instance; are those shares owned by various Vanguard funds or shares held in street name for Vanguard Brokerage customers (which may mean very little)?
What Vanguard fund owns those shares currently? Note too there's often a huge lag in reporting. .
"Vanguard Group Inc 22,812,820 Dec 30, 2023 8.91% 276,605,442"
Another stock fad crashes. Lithium
""Crashing lithium prices turn the industry from 'euphoria' to 'despair.' What's next?"
The critical metal used to make electric vehicle batteries, once described as "the new oil," has been crashing in price amid a slowdown in EV demand.
Lithium prices are down more than 80% from their 2022 peak — the same year in which Tesla's (TSLA) CEO Elon Musk noted the metal has gone to "insane levels!"
"The critical silvery-white soft metal is bought via contracts between buyers and sellers, which are typically kept private. However, prices in China, the largest refiner and consumer of lithium, are public. Those plummeted from an all-time high beyond $80,000 per metric ton in 2022 to below $14,000 this month, according to Fastmarkets data."
https://finance.yahoo.com/news/crashing-lithium-prices-turn-the-industry-from-euphoria-to-despair-whats-next-184543769.html
"Crashing lithium prices turn the industry from 'euphoria' to 'despair.' What's next?"
The critical metal used to make electric vehicle batteries, once described as "the new oil," has been crashing in price amid a slowdown in EV demand.
Lithium prices are down more than 80% from their 2022 peak — the same year in which Tesla's (TSLA) CEO Elon Musk noted the metal has gone to "insane levels!"
"The critical silvery-white soft metal is bought via contracts between buyers and sellers, which are typically kept private. However, prices in China, the largest refiner and consumer of lithium, are public. Those plummeted from an all-time high beyond $80,000 per metric ton in 2022 to below $14,000 this month, according to Fastmarkets data."
https://finance.yahoo.com/news/crashing-lithium-prices-turn-the-industry-from-euphoria-to-despair-whats-next-184543769.html
Correction: "...although Iovance has a market cap of >$3 BILLION which isn't so tiny. I usually only buy stocks with caps exceeding $10 billion."
I've never bought an IPO and I've never owned a small biomed stock although Iovance has a market cap of >$2 million which isn't so tiny. I only buy stocks with caps exceeding $10 billion. Large stocks have much more ability to survive market downturns and bear markets.
IPO stocks tend to be highly promoted initially and prone to falling when the excitement cools. IMO many small biomeds are perpetual startups. Borderline scams.
Insiders tend to be in them for the huge salaries. and have little incentive to actually bring products to market. Hence, round after round of testing. Lately it seems investors have figured out the problems with biomeds as the sector has cooled way off.
Hilarious!
[reporter] "Fong reports that Bankman-Fried’s fellow inmates had made fun of him for his relationship with former Alameda Research executive Caroline Ellison, who pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering."
"As a former inmate, G Lock appears to have developed an affinity with SBF, describing him as “more gangster” than rapper Tekashi Six Nine (6ix9ine). This was because, unlike the rapper, SBF did not “snitch” on anyone while in prison."
https://cryptobriefing.com/sbf-jail-photos-inmate-says-more-gangster-6ix9ine/
Is asking opinions from this board the sum of your DD on Iovance? Have you studied and understand the prospectus as the SEC recommends? Do you know much about IOVA's competitors? If they have better products then your stock is dead. How long do to expect to hold IOVA?
So who was paid to promote BUZZ?
"While the SEC's order did not identify the influencer, 2021 media reports indicated that Barstool Sports founder David Portnoy promoted the ETF. Van Eck obtained an exclusive license to use the BUZZ NextGen AI US Sentiment Leaders Index in relation to the fund, the regulator's order san Eck Paying $1.75 Million Fine Over ETF Promoted by Dave Portnoy>
"The Securities and Exchange Commission didn't name the influencer in its order or press release, but Dave Portnoy participated in the bell-ringing ceremony at the New York Stock Exchange when the Social Sentiment exchange-traded fund began trading."
Portnoy also promoted the ETF in an interview with CNBC personality Jim Cramer and on Fox Business. The SEC's order says the influencer was "known for commenting on sports, investing, and other topics."
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-16-2024/card/van-eck-paying-1-75-million-fine-over-etf-promoted-by-dave-portnoy
"SEC Charges ... for Failing to Disclose Influencer’s Role in Connection with ETF Launch
"Washington D.C., Feb. 16, 2024 —
The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch of its new exchange-traded fund (ETF).
According to the SEC’s order, in March 2021, Van Eck Associates launched the VanEck Social Sentiment ETF (NYSE:BUZZ) to track an index based on “positive insights” from social media and other data. The provider of that index informed Van Eck Associates that it planned to retain a well-known and controversial social media influencer to promote the index in connection with the launch of the ETF. To incentivize the influencer’s marketing and promotion efforts, the proposed licensing fee structure included a sliding scale linked to the size of the fund so, as the fund grew, the index provider would receive a greater percentage of the management fee the fund paid to Van Eck Associates. However, as the SEC’s order finds, Van Eck Associates failed to disclose the influencer’s planned involvement and the sliding scale fee structure to the ETF’s board in connection with its approval of the fund launch and of the management fee.
https://www.sec.gov/news/press-release/2024-20
"Israel’s economy contracts nearly 20% after outbreak of war"
"(Bloomberg) — Israel’s economy suffered one of its worst-ever slumps, after the Hamas war paralyzed businesses, forced people to evacuate their homes and caused the military to call up hundreds of thousands of reservists."
"Gross domestic product shrank an annualized 19.4% in the final three months of last year, in seasonally-adjusted terms, according to preliminary figures released on Monday. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast was for a decline of 10.5%."
https://finance.yahoo.com/news/israel-economy-slumps-war-far-111314753.html
Beats Your Other Stocks. Here's RTX's Recent Div History.
RTX Quarterly Dividends
Nov 16, 2023 0.59 Dividend
Aug 17, 2023 0.59 Dividend
May 18, 2023 0.59 Dividend
Feb 23, 2023 0.55 Dividend
Nov 17, 2022 0.55 Dividend
Aug 18, 2022 0.55 Dividend
May 19, 2022 0.55 Dividend
Feb 24, 2022 0.51 Dividend
Nov 18, 2021 0.51 Dividend
Aug 19, 2021 0.51 Dividend
May 20, 2021 0.51 Dividend
Feb 25, 2021 0.48 Dividend
Nov 12, 2020 0.48 Dividend
Aug 13, 2020 0.48 Dividend
May 14, 2020 0.48 Dividend
Feb 13, 2020 0.46 Dividend
Nov 14, 2019 0.46 Dividend
Janice, had you ever heard of that Lupe Rose, the beverage scammer. The story was a big deal on the West Coast but I've never heard of it until now. Interesting that her pitch can be watched on YT.
Just about all her claims including that McDonalds had paid her $500,000 for the breakfast bagel sandwich idea were fabricated.
"‘Angriest I've ever been’: 24-year-old ASTROLOGER lost $440,000 by day trading crypto and now lives on credit card debt. "
"Racso, a 24-year-old vedic astrologer from Austin, Texas had lost an immense amount of money trading cryptocurrencies and is now funding his lifestyle with credit cards.
Getting a regular job, he explained, is only for a “worst-case scenario,” but Hammer believes Racso’s current situation couldn’t get any worse.
“I’m borderline ready to kick you off,” he told him. “This is the angriest I’ve ever been.”
From “half-a-million” to broke
Racso started trading cryptocurrencies in 2020 with $40,000. He eventually turned that into $440,000. Unfortunately, his day trading was fueled by immense leverage as high as 17 times his equity."
https://finance.yahoo.com/news/angriest-ive-ever-24-old-121300556.html
I'm curious too. My long-held Travelers Insurance stock is at all-time high right now.
"CEO of Beverage Company Marketed for Women Indicted for Alleged Securities Fraud that Took in More Than $13.5 Million from Investors"
"LOS ANGELES – An Antelope Valley woman was arrested today on a 39-count federal grand jury indictment alleging she obtained more than $13.5 million from more than 1,000 investors for her for-women beverage company, the lion’s share of which she spent at casinos, on luxury items and cars, and renting a house.
https://www.justice.gov/usao-cdca/pr/ceo-beverage-company-marketed-women-indicted-alleged-securities-fraud-took-more-135
Pull up a chair and be cleaned out This scam was new to me. Lupe Rose and the SHE beverage company. Now busted.
Ever seen a suspect who's been photographed so often? There must be 50 quality pics of Rodney on the web, plus hours of sound video of him playing pickleball. He has a Facebook which somehow is still current, and I think he's lived in the same immaculate Indiana home for ages. Several sources say he went to Ivy Tech, a huge community college that spans Indiana.
Also his FB shows he has 3800 Friends and >800 followers.
Wow, that's a puny increase. But thanks
Here Rodney himself provides a tidy overview of his life, filling in some key missing information. Everything I've found supports what's posted here. Of course he doesn't mention the period around 2008-2012.
Must comment that Rodney's voice and folksy style sound to me just like the Simpson's Ned Flanders. The 2008-2012 period aside, there are no red flags, not a one! How unusual is that?
http://www.neverendinghoneymoon.com/AboutRodneyandKaren.html
I was just reading this learned article in the Financial Analysts Journal
"Stocks for the Long Run? Sometimes Yes, Sometimes No"
Analyzing historical data for 19th century US stock and bond returns, this study challenges Jeremy Siegel’s “Stocks for the Long Run” thesis. Evidence indicates that 20th century US asset returns cannot be generalized out of sample.
"Abstract
When Jeremy Siegel published his “Stocks for the Long Run” thesis, little was known about 19th-century stock and bond returns. Digital archives have made it possible to compute real total return on US stock and bond indexes from 1792. The new historical record shows that over multi-decade periods, sometimes stocks outperformed bonds, sometimes bonds outperformed stocks and sometimes they performed about the same. New international data confirm this pattern. Asset returns in the US in the 20th century do not generalize. Regimes of asset outperformance come and go; sometimes there is an equity premium, sometimes not.
https://rpc.cfainstitute.org/research/financial-analysts-journal/2023/stocks-for-the-long-run
https://www.linkedin.com/in/edward-mcquarrie-8a08a515/
"Rodney Grubbs" in trouble in 2012, and before.
"An Augusta man who pleaded guilty to charges related to a Ponzi scheme in 2010 faces more charges after he continued to scheme investors and sports fans, authorities said.
Rodney Wade Grubbs, 42, of Reserve Lane, was charged with theft by deception. He is being held in the Columbia County Detention Center without bond, according to jail records.
Grubbs is accused of soliciting money from a man in July to purchase tickets to the Southeastern Conference championship football game and forging invoices from the SEC. Another man claims he gave Grubbs money in June to buy, then resell, tickets to the Major League Baseball All-Star game.
"Grubbs is still serving 30 years’ probation after he pleaded guilty to 15 similar charges in 2010."
https://www.augustachronicle.com/story/news/2012/01/03/augusta-man-turned-fraud-schemes-again-police-say/14512247007/
Question. How many here got free or discounted BABYF shares or options to buy shares? How many work for the company?
GFP, Whatever happened to the guy who loved muni bonds, NJHowie? Actually bonds have outperformed stocks for many periods but not often in the last century.