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Nice open. But! Then bam! What's that about?eom
NIO back to where it was when dilution was
announced. About 5% dilution for about
$1/2 BILLION in the bank account.
Good swap.
Now NIO can get back to the rest of the
runup.
It looks like market does not like
that dilution. Seems like $1/2 BILLION
in coffers would be worth the dilution.
It's not like they sold the shares for
$2 dollars.
Spot - I do not see NIO on there? eom
5% dilution at this time and price OK.
Tesla used to do it all the time.
Relatively speaking.. the DOWN market
seems to like NIO getting $400 million
in the coffers.
PS
Don't forget filling the gap at
$8.52.
Last chance at these prices. Even TSLA is up. eom
Either the 6's.. or
the 9's.
Tesla - the $1,000/share stock. Most valuable
vehicle company in the world. FIVE times
more valuable than GM.
$190,000,000,000 (Billion) value.
NOTE: Tesla has never made a profit.
Go figure.
As I recall each time TSLA did it
the stock went up higher shortly
there after.
Not that I want to use TSLA as
a benchmark. Not that NIO following
their stock price path would not be
a good thing.
60 million new shares for sale. About 5% dilution...
but each share sold means cash in the coffers.
If all sell for $6.. equals $360 million
cash in coffers to work with.
Tesla has done it several times.. to get
themselves going.
Just sayin'...
AH market seems stunned. "is"
https://www.streetinsider.com/Globe+Newswire/NIO+Inc.+Announces+Proposed+Offering+of+60%2C000%2C000+American+Depositary+Shares/16989166.html
OIL - I agree. With the massive amount of
dastardliness overhanging America.. there
is no logical (or even illogical) reason
within God's green earth for the market
to be sky rocketing like this.
En2, good Robotaxi find. Although I would have missed
"NIO" (at 4 minutes) if you hadn't forewarned me. Thanks!
JLS. Nothing but losses? Puts NIO in great
company. TSLA - about 15 years of No
Profits.
Losing money seems to be the number ONE
criteria to grow stock price.
5.50 to 7.90 in a week is not THAT
much of a bounce.
There are dozens of stocks that doubled
with this fantastic stock market.. where
throwing darts is the best winner.
En2, that great report should be worth at least..
a $dollar on Monday.
https://technode.com/2020/06/05/nio-boosts-its-registered-capital-to-rmb-3-85-billion/
Is GE gonna close in the red? Down .60 cents
since early morning high.
Market skyrocking on the most bogus "jobs"
report ever.
There's really still a lot of nasty stuff hanging
over GE's head. Methinks we can all thank
one of the most bizarre up markets in history
for most of GE gain the last 10 days.
Think I will take my profits.. and look back
in couple of weeks/days.
You can thank me now.
I am almost always wrong.
GAP? What about the gap way back at $2.90? Does..
that have to be filled also?
I hope not!
Just sayin'...
NIO IS IN ISRAEL!! Oh My God! eom
Slightly OT. Boeing did not help itself when
it refused to aid Pan American Airways after the
Lockerbie terror attack destroyed that greatest airline ever.
(Neither did America and its govt help one iota)
Boeing could be on the top of the world
with this Space Airplane that they were
gonna collaborate together to build.
There would be no Spacex. There would
be Pan Am "2001 Orion III".
100s of them. Circling the earth.
http://www.renocitizen.com/2001spaceship.htm
THAT IS ASTOUNDING.. AND SO HANDS-OFF EASY! I..
I wonder how much the battery
swapping costs, etc??
And as quick as a drive through car wash!!
Jet - CARGO Someday (soon) more jets will
be cargo planes than passenger planes.
Thus overcoming the virus problem.
Already Boeing is building more cargo
planes than pax.. and also converting many
of the current pax planes to cargo.
Hybrid Combo Carbon Energy Is demanded.
Always gonna need coal, etc.
Although very expensive wind, solar, etc
are a good supplement with coal, etc.
Without coal there would be no Tesla
nor massively taxpayer-funded NASA Spacex.
MD - well there is the energy section. Windmills,
Turbines, Drones, etc etc.
And military need for their engine and aircraft
sections. (not just airline travel)
Maybe wishful thinking by me.
THE Treacherously dastardly thing about bankruptcy..
"law" is they cancel all of OUR stock. Every share
you citizens own goes to $0 dollars.
Then the bosses give themselves lots of the NEW stock.
And bonuses for being so smart by getting the company
(that they drove into BK) out of BK!!!!!
Buffet has been wrong before. Not sayin'
he is this time...
Of course just his selling 100s of millions
of shares is gonna drive stock down badly.
All by itself.
EV sales forecast to skyrocket 2021. by this
source:
https://seekingalpha.com/news/3578754-ev-sales-forecast-to-soar-in-2021?utm_medium=email&utm_source=seeking_alpha&mail_subject=tsla-ev-sales-forecast-to-soar-in-2021&utm_campaign=rta-stock-news&utm_content=link-3
_________________________________________________________
Research firm Cairn Energy Research Advisors predicts global sales of EVs in 2021 will jump 36% to top 3M vehicles for the first time ever.
"There's pent-up demand for electric vehicles," says Cairn managing director Sam Jaffe. Consumer surveys from other firms have confirmed that the price of gas is no longer one of the biggest incentives to make the switch into EVs.
The strong commitments of some governments in Europe and Asia are seen making 2021 an inflection point for the EV industry - just as Volkswagen (OTCPK:VWAGY), Ford (NYSE:F), General Motors (NYSE:GM), BMW (OTCPK:BMWYY), Nissan (OTCPK:NSANY) and other automakers make a stronger electrification push to challenge Tesla (TSLA +2.1%) for EV market share in certain markets.
Yuck! That graph is tending to prove
my theory on earlier post. Mainly just
a suspicion.. perpetrated by the time
line. That the graph graphically
portrays.
The insiders who knew this (below) are what drove
stock to $5.50. Then the announcement about selling
light business popped stock up for few days.
This official announcement yesterday (below) is
driving it back down. [Really really bizarre
announcement timing for this 5 day ordeal]
GE's stock loses more than 10% in 2 days after CEO Larry Culp warns cash burn will increase
1:04 pm ET May 29, 2020 (MarketWatch)
By Tomi Kilgore, MarketWatch
Cost and cash actions to date in face of COVID-19 'won't be nearly enough' as aviation business is set for 'multiyear challenge'
Shares of General Electric Co. sank Friday, and have lost more than 10% over two sessions, after Chief Executive Larry Culp tempered recovery hopes with a more negative outlook for free cash flow.
The stock(GE) dropped 4.1% in active midday trading, on NYSE-leading volume of 55.9 million shares. It had rallied as much as 2.7% to a seven-week high in early trading Thursday, before reversing course to close down 7.0%.
The selloff started accelerating around midmorning (http://www.marketwatch.com/story/ges-stock-pulls-back-after-ceo-culp-presents-at-analyst-conference-2020-05-28) on Thursday, after Culp began speaking as part of the Bernstein Strategic Decisions Conference. He provided second-quarter guidance on free cash flow for the first time, suggesting that cash burn could be double what it was in the first quarter.
Culp said that the $2 billion in cost cutting, and $3 billion in cash conservations actions, the company has taken amid disruptions caused by the COVID-19 pandemic "won't nearly be enough," given the "multiyear challenge" that the aviation industry is likely to face.
"We, at this point, think in the second quarter, we're going to see our free cash flow number come in at a negative level, probably in the $3.5-to-$4.5 billion band, as best we can tell today," Culp said. "We think that gets better in the second half of the year, but I think 2020 is likely to be a negative free cash flow year for GE, as we take those cost and cash actions, and prepare for a recovery given what we see today, for 2021 to be positive."
In the first quarter, the company's cash burn came to $2.2 billion.
Don't miss: GE burns more cash than expected as COVID-19 takes a $1 billion bite (http://www.marketwatch.com/story/ge-burns-more-cash-than-expected-as-covid-19-takes-a-1-billion-bite-2020-04-29).
The FactSet consensus for free cash flow is now negative $5.11 billion, compared with a negative $4.02 billion consensus about a week ago.
Culp said on the conference call with analysts on April 29 following the release of first-quarter results, according to a FactSet transcript, that the second quarter would be "more challenging" because of COVID-19, but "didn't want to take an attempt at framing formal guidance" given the fluid nature of the pandemic's impact.
Culp also said in his presentation Thursday that "a third to half" of the cost and cash actions that have been taken would be permanent, based on current expectations of a slow recovery in the aviation industry, and that he will push for more of the actions to be permanent.
Meanwhile, UBS analyst Markus Mittermaier reiterated his buy rating and $7.50 price target, which is 15% above current levels, saying Culp's comments "reassure" investors that the turnaround story is intact despite near-term headwinds and COVID-19-related delays.
But how did it suddenly go from the report of
$2.7 billion in the hole.. to $3.5 - $4.5
billion in the hole.
And was that "just" for SECOND QUARTER..
or for the WHOLE YEAR?
Could it be NIO? As good of a chance as
any. Better than vast majority.
NIO to $10 on (if) that news.
Both! It used to be Motherhood, Apple Pie, and GE.
Now it's turning into none of the above.
Some people would say many GE govt contracts are
helping protect America. Semantics.
It's not like the blatant handouts for airlines
to Tesla; where they just throw money like at
these (other kind of) welfare folks.
Not defending GE. Just sayin'...
Govt Handouts? Airlines got massive handouts. GE didn't. eom
Sugar Coat? He coulda been downplaying GE
prospects. Then clandestinely telling his
friends to buy at these depressed prices.
And coming out with mush rosier report
down the line.
I hope.
BOTTOM LINE: Culp's report today is a
disaster. Far worse forecast than he
made previously.
And stock is showing it.
He says he gave up 1/2 his salary.
Looks like that $4BILLION (loss)
for the QUARTER was NOT built into price.
And now Culp says the loss is for the whole year.
meaning no making up in 2nd half.
Day-Yam!
I hear NEGATIVE $4,000,000,000. For the
Quarter! Ouch!
It would appear to be built
into [lousy] stock price.
I hope.
13, Slightly OT - Here's some gospel.
http://www.renocitizen.com/pot.htm
If it goes below $3.40.. it won't be because of
"gap" filling.
How about the unfilled gap at $6.50?
Or the gap between $3.98 and $4.17 today?