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FRD - I think the big question is whether investors will have the patience to look past the upcoming third quarter. From yesterday's PR:
"The Company expects physical margins to decline slightly during its fiscal third quarter ending December 31, 2021 but to remain at a level well above historical average margins. A modest decline in sales volume is expected due to a combination of typical demand seasonality around the holidays and customer hesitancy with steel prices showing decline in the third quarter. The Company also expects to reclassify a loss of approximately $14.7 million into earnings during the third quarter related to derivatives designated for hedge accounting."
This second quarter's blockbuster earnings totaled $13.2M.
I noticed that on TAIT today, also. Very strange.
On the Nasdaq today, there were 163 new 52-week highs and a whopping 411 new 52-week lows. I noticed a lot of low-priced stuff among the new lows. There is a whole lot of over-priced junk out there, so it's not exactly a mind-boggling event. Unfortunately some good stuff is being swept away with the rest of it.
There is a little-known fact about the Staples Center, soon to become the Crypto.com Arena. There is a second basement level.
According to unverified sources, that lower basement level is going to be used to shred soon-to-be worthless stock certificates issued mainly by companies that came public in the last few years who have been unable to issue more stock to finance their failed business models and have had to declare bankruptcy.
The shredded paper is then going to be turned into a pulp by combining it with a special liquid chemical called Quintrasere.
That pulp will be used to generate the energy for the new breed of bitminers.
Glad to hear you're catching a wave Nelson, even if it is a brown one!
Years ago when I was driving a taxi, the company I drove for merged with this low-fare discount taxi company. Their cars looked like crap and their clientele wasn't exactly upper crust.
One day I went to work and they didn't have a taxi available for me to drive. I was asked if I would drive one of the low-fare company's taxis. Reluctantly I agreed. That company ended up being way busier, and I continued driving for them and making more money. So I guess I'm a shit surfer, too.
Nasdaq New 52-week high/lows:
It's interesting to me with the Nasdaq within less than one percent of its all-time high, there are 163 new 52-week highs and 244 new 52-week lows.
The new lows list is just littered with biotech/pharma stuff.
Notable tickers from the lows list:
ASTC
EDUC
FNHC
MIND
$SCX ($11.15), maybe it is headed back into the 10s. I picked up some more today in the $11.20s.
AMC CEO sells over half his shares. What a true believer!
https://www.sec.gov/Archives/edgar/data/0001411579/000141157921000072/xslF345X03/primary_doc.xml
CYAN - Nice quarter reported this morning and CEO says demand remains strong.
https://www.businesswire.com/news/home/20211110005255/en/Cyanotech-Reports-Financial-Results-for-the-Second-Quarter-and-First-Six-Months-of-Fiscal-2022
Tuttle Capital Short Innovation ETF Launches on Nasdaq
Business Wire - Nov 09 08:08 EDT
Fund Offers Inverse Exposure to a Portfolio of Disruptive Companies
NEW YORK--(BUSINESS WIRE)-- The Tuttle Capital Short Innovation ETF (Nasdaq: SARK) will start trading on the Nasdaq today. This distinctive exposure allows investors to potentially profit from a decline in a portfolio of companies involved in disruptive industries such as electric vehicles, next-gen internet, genomics and fintech.
SARK offers investors of all sizes and types convenient “one-ticker” access to a short vehicle that may otherwise be difficult to execute on their own. SARK is an actively managed exchange traded fund that attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF (NYSE Arca: ARKK) for a single day, not for any other period.
“Many investors with whom we speak, including financial advisors, are cautious on current valuations for unprofitable innovative companies,” says Matthew Tuttle, Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management LLC (“TCM”), who serves as the Adviser to SARK. “Whether you believe that the current bull thesis for transformational industries is stretched, or you are looking to provide protection to an existing portfolio of high-growth stocks, SARK is a potentially attractive opportunity worth exploring.”
For more information, please visit SARKetf.com
NAKD - Funny thing is they already have 906M shares outstanding. Perfect opportunity to sell many more shares through the ATM offering they just put in place in conjunction with the merger. The volume should be huge today. From the 8-K issued yesterday:
"In addition, NBG has entered into definitive agreements for (i) an “at-the-market” offering, through Maxim Group, LLC (“Maxim”), of up to US$300 million of NBG ordinary shares (the “ATM Offering”) and (ii) a private placement to certain accredited investors of US$30 million of NBG ordinary shares and warrants to purchase NBG ordinary shares (the “Private Placement”)."
NAKD - I'm out. Sold my last ones at .97. It was fun while it lasted.
NAKD $1.01 + .35. Everybody wants to get NAKD! I didn't even look at the particulars. I knew they have goosed this one before and with the EV space on fire now, that was enough for me.
SCX - My interpretation of the stock action today leads me to believe that the people selling it are on drugs.
SCX - ($12.10 -.80), picked up some in the lower 12s today. Between a just-reported 44 cent quarter and a record backlog, it looks cheap to me.
I was thinking the same thing regarding the 10 year. I'm glad I got out of TBT a long time ago. It was a blood-sucking vampire, and I was its hapless victim.
TPC - Tutor Perini should be bought on earnings weakness, says B. Riley
TheFlyontheWall.com - Nov 04 08:26 EDT
B. Riley analyst Alex Rygiel recommends buying shares of Tutor Perini on the weakness post the "disappointing" Q3 results. Revenue and margins continue to be impacted by product timing and limited new awards in the prior periods due in part to Covid impacts, but new awards were strong as Tutor added $2.1B in the quarter resulting in $8.4B of backlog, up 12% sequentially, Rygiel tells investors in a research note. He believes 2022 could be a "very strong year" for the company.
BGFV - Big 5 living up to its name today with a big $5 range in price so far this morning ($25.60 - $30.73). I'm not too surprised with the cross currents here.
DEWY - That's an interesting development. By my calculations, at $4 a share they could buy back around 36 percent of the outstanding stock. I don't presently own any, and because of the new rules, I can't buy any. Maybe if I called on the phone and begged, they would let me place a buy order, but that's just conjecture.
Thanks, Yield. It seemed to be a star-crossed effort almost from the start. You never know until you try, though.
The Low Price/Low Float Portfolio 10/29/2021 results:
This will be the final report for the Low Price/Low Float Portfolio. All positions were sold on 10/29/2021.
Portfolio Cost: $49,287
10/28/2021 Value: $50,883
10/29/2021 Value: $50,354
Daily gain/loss: ($529)
Total gain/loss: $1,067
There was a whole lot of spinning of the wheels with this experimental portfolio.
As of Friday's close, 40 of the positions were down from the initial buy prices and 9 were up. One of the nine up positions was cashed out in a merger.
It's a minor miracle that this experiment ended with a profit with a 9 to 40 advance/decline ratio.
Anyway, as Porky Pig would say, "That's all folks"!
The Low Price/Low Float Portfolio 10/28/2021 results:
Portfolio Cost: $49,287
10/27/2021 Value: $50,280
10/28/2021 Value: $50,883
Daily gain/loss: $603
Total gain/loss: $1,596
0 sell orders executed
0 buy orders executed
Since inception:
96 sell orders executed: 62 at 20% level, 28 at 40% level, 6 at 100% level
84 buy orders executed
The Low Price/Low Float Portfolio 10/27/2021 results:
Portfolio Cost: $49,287
10/26/2021 Value: $50,673
10/27/2021 Value: $50,280
Daily gain/loss: ($393)
Total gain/loss: $993
0 sell orders executed
1 buy order executed
Since inception:
96 sell orders executed: 62 at 20% level, 28 at 40% level, 6 at 100% level
84 buy orders executed
The Low Price/Low Float Portfolio 10/26/2021 results:
Portfolio Cost: $49,287
10/25/2021 Value: $50,544
10/26/2021 Value: $50,673
Daily gain/loss: $129
Total gain/loss: $1,386
1 sell order executed: 1 at 100%
1 buy order executed
Since inception:
96 sell orders executed: 62 at 20% level, 28 at 40% level, 6 at 100% level
83 buy orders executed
The Low Price/Low Float Portfolio 10/25/2021 results:
Portfolio Cost: $49,287
10/22/2021 Value: $50,182
10/25/2021 Value: $50,544
Daily gain/loss: $362
Total gain/loss: $1,257
0 sell orders executed
0 buy orders executed
Since inception:
95 sell orders executed: 62 at 20% level, 28 at 40% level, 5 at 100% level
82 buy orders executed
The Low Price/Low Float Portfolio 10/22/2021 results:
Portfolio Cost: $49,287
10/21/2021 Value: $50,327
10/22/2021 Value: $50,182
Daily gain/loss: ($145)
Total gain/loss: $895
4 sell orders executed: 3 at 20% level, 1 at 40% level
4 buy orders executed
Since inception:
95 sell orders executed: 62 at 20% level, 28 at 40% level, 5 at 100% level
82 buy orders executed
The Low Price/Low Float Portfolio 10/21/2021 results:
Portfolio Cost: $49,287
10/20/2021 Value: $50,541
10/21/2021 Value: $50,327
Daily gain/loss: ($214)
Total gain/loss: $1,040
0 sell orders executed
0 buy orders executed
Since inception:
91 sell orders executed: 59 at 20% level, 27 at 40% level, 5 at 100% level
78 buy orders executed
DWAC - Halted again at $33.94 (eom)
DWAC halted at $20.98. I wonder if this could be a meme stock in the making.
DWAC going nuts on SPAC deal with Trump Media.
The King beat me to the punch!
The Low Price/Low Float Portfolio 10/20/2021 results:
Portfolio Cost: $49,287
10/19/2021 Value: $49,870
10/20/2021 Value: $50,541
Daily gain/loss: $671
Total gain/loss: $1,254
1 sell order executed: 1 at 40% level
0 buy orders executed
Since inception:
91 sell orders executed: 59 at 20% level, 27 at 40% level, 5 at 100% level
78 buy orders executed
The Low Price/Low Float Portfolio 10/19/2021 results:
Portfolio Cost: $49,287
10/18/2021 Value: $49,635
10/19/2021 Value: $49,870
Daily gain/loss: $235
Total gain/loss: $583
1 sell order executed: 1 at 100% level
0 buy orders executed
Since inception:
90 sell orders executed: 59 at 20% level, 26 at 40% level, 5 at 100% level
78 buy orders executed
The Low Price/Low Float Portfolio 10/18/2021 results:
Portfolio Cost: $49,287
10/15/2021 Value: $49,509
10/18/2021 Value: $49,635
Daily gain/loss: $126
Total gain/loss: $348
1 sell order executed: 1 at 20% level
3 buy orders executed
Since inception:
89 sell orders executed: 59 at 20% level, 26 at 40% level, 4 at 100% level
78 buy orders executed
The Low Price/Low Float Portfolio 10/15/2021 results:
Portfolio Cost: $49,287
10/14/2021 Value: $49,653
10/15/2021 Value: $49,509
Daily gain/loss: ($144)
Total gain/loss: $222
0 sell orders executed:
3 buy orders executed
Since inception:
88 sell orders executed: 58 at 20% level, 26 at 40% level, 4 at 100% level
75 buy orders executed
The Low Price/Low Float Portfolio 10/14/2021 results:
Portfolio Cost: $49,287
10/13/2021 Value: $49,055
10/14/2021 Value: $49,653
Daily gain/loss: $598
Total gain/loss: $366
3 sell orders executed: 1 at 20% level, 2 at 40% level
0 buy orders executed
Since inception:
88 sell orders executed: 58 at 20% level, 26 at 40% level, 4 at 100% level
72 buy orders executed
Back in the black at least for the moment.
I sold a house to Opendoor a couple years ago. I was anticipating a low-ball offer from them, but their offer was very competitive, so I sold the house to them. It was a very easy process in comparison to listing with a regular agent and trying to keep your house looking like a model home until it sells.
The Low Price/Low Float Portfolio 10/13/2021 results:
Portfolio Cost: $49,287
10/12/2021 Value: $48,569
10/13/2021 Value: $49,055
Daily gain/loss: $486
Total gain/loss: ($232)
3 sell orders executed: 2 at 20% level, 1 at 40% level
0 buy orders executed
Since inception:
85 sell orders executed: 57 at 20% level, 24 at 40% level, 4 at 100% level
72 buy orders executed
Nearing breakeven. It has been tough sledding. I'm going to try to wrap up this experiment by the end of the year and hopefully in the black!
The Low Price/Low Float Portfolio 10/12/2021 results:
Portfolio Cost: $49,287
10/11/2021 Value: $48,217
10/12/2021 Value: $48,569
Daily gain/loss: $352
Total gain/loss: ($718)
0 sell orders executed
2 buy orders executed
Since inception:
82 sell orders executed: 55 at 20% level, 23 at 40% level, 4 at 100% level
72 buy orders executed
The Low Price/Low Float Portfolio 10/11/2021 results:
Portfolio Cost: $49,287
10/8/2021 Value: $48,321
10/11/2021 Value: $48,217
Daily gain/loss: ($104)
Total gain/loss: ($1,070)
0 sell orders executed
0 buy orders executed
Since inception:
82 sell orders executed: 55 at 20% level, 23 at 40% level, 4 at 100% level
70 buy orders executed
The Low Price/Low Float Portfolio 10/8/2021 results:
Portfolio Cost: $49,287
10/7/2021 Value: $47,911
10/8/2021 Value: $48,321
Daily gain/loss: $410
Total gain/loss: ($966)
0 sell orders executed
0 buy orders executed
Since inception:
82 sell orders executed: 55 at 20% level, 23 at 40% level, 4 at 100% level
70 buy orders executed