What incredible growth stories they are in the electric vehicle sector. These companies have been red hot lately. Many of them are sporting multi-billion-dollar market caps, are not profitable, and probably never will be.

It's a wonderful opportunity for these companies to raise capital so they can continue to lose money.

I think there is going to be a ton of money lost here for investors.....maybe not today or tomorrow, but soon enough.

HIBB - I thought they had a nice report and guidance, also. I was happily trading the big swings in price early this morning with a bias to the long side. High of $47.30 today and currently trading around $42.75. I guess that's what makes it interesting....

Maybe I should stay away from anything remotely related to BGFV!

I agree. Peace of mind is worth a whole lot more than money.

Makes sense, Gilead. Speaking of analysts, I found it very odd that BGFV's stock price barely budged after being initiated with a buy rating and a $15 price target by a top analyst.

I've been out of BGFV for quite some time now. I had an outsized position and felt a sense of relief when I finally exited. The crazy moves that stock would make could drive a person with an uneven temperament into madness!

Congrats to those still holding!

Behavorial delta? Holy $hit! Could you dumb it down a little bit for those of us who are kindergarten dropouts?

FRD - I agree. Things are looking up for them. I figured it was just a matter of time. I was hoping to accumulate more at lower prices. Now the cat's out of the bag!

This new coil processing line sounds promising, also:

The Company continued the previously announced capital expenditure project at our Decatur, Alabama facility during the second quarter of fiscal 2021. This project involves the purchase and installation of a stretcher leveler coil processing line. This newly acquired equipment will allow the Decatur location and our overall coil segment to process material that is thicker, wider and higher strength. In addition, material that has been leveled by the stretcher leveling process is preferable to certain customers and applications compared to material that has been leveled by the temper mill process. The Company currently expects the installation of the new equipment to begin in December 2020 and expects commercial use of the equipment to begin in February 2021. The Company currently estimates the cost of this project to be $7,200,000. This estimated cost is greater than our previously disclosed cost of $5,800,000 due to additional components that have been added to the project to improve the efficiency and output of the equipment. As of September 30, 2020, expenditures related to the Decatur project totaled $5,427,263 with this amount reported as “Construction in process” on the Company’s consolidated balance sheet.

SGRP - I'm with you on this one, Mermelstein. I bought some when the earnings came out. If nothing else, the periodic price spikes are great opportunities to book some profits.

FENG - On the subject of scammy China stocks: FENG wants everyone to know that they are too legit to quit, and to emphasize the point they issued a $1.3712 per ADS special dividend against yesterday's closing ADS price of $1.56.

There are some diamonds in the rough among the China stocks. There have been quite a few taken private in the past few years.

It's a real shame that there were so many crooked companies from China that reverse-merged to get listed on the U.S exchanges in the past. Once bitten, twice shy.

https://www.prnewswire.com/news-releases/phoenix-new-media-announces-special-cash-dividend-of-us1-3712-per-ads-301176872.html

RVP - Their earnings PRs could use a little improvement. Basic stuff like laying out the EPS and including the income statement and balance sheet would be nice.

ELTK - It will be interesting to see how it does. Last quarter's report with lower revenue and higher EPS didn't get much of a reaction. These low floaters are strange characters.

Like you said, sometimes they make these insane moves on inconsequential stuff, and other times they fall flat on a good earnings report. It's not doing much so far, but you would think it would have a whole lot more potential upside than downside.

RVP - Glad it worked out. I sold some in my trading account, but I'm holding in longer-term accounts. The next two or three quarters should be really good. After that, it's anyone's guess.

RVP - Yes, their revenue surge is definitely covid-related. The big question is: How long are these vaccines going to be provide immunity? Is it going to be 6 months, a year, or forever?

I found this on the CDC website:

The protection someone gains from having an infection (called natural immunity) varies depending on the disease, and it varies from person to person. Since this virus is new, we don’t know how long natural immunity might last. Some early evidence—based on some people— seems to suggest that natural immunity may not last very long.

Regarding vaccination, we won’t know how long immunity lasts until we have a vaccine and more data on how well it works.

Both natural immunity and vaccine-induced immunity are important aspects of COVID-19 that experts are trying to learn more about, and CDC will keep the public informed as new evidence becomes available.

RVP - Good question on when they will put out the earnings PR. Last quarter they put out the 10-Q on Friday morning and issued the earnings PR the following Monday morning.

RVP - Bought some AH yesterday and pre-market today. Company posted some nice numbers yesterday after the close even after subtracting out the one-timer. PR hasn't been released yet. This is what really caught my attention out of the 10-Q:

"Our sales under the HHS Order in the quarter ended September 30, 2020 were approximately $12.9 million and we expect such sales to increase each quarter through May 2021."

FKWL in with a huge quarter, but how sustainable???

https://www.sec.gov/Archives/edgar/data/722572/000168316820003943/franklinwireless_10q-093020.htm

SINO - Whoops! Minor oversight:

https://www.sec.gov/Archives/edgar/data/1422892/000121390020037127/ea129936-8k_sinoglobal.htm

SNFCA, well if that's their stance, with the numbers they have put up lately, it is hard to argue against that. And there is always the argument about double taxation: Once at the company level and then again for the shareholder.

The stock price hasn't done a whole lot over the past seven years, though. Although, if you calculate the return including owning five percent more shares each year, the return is much better.

SNFCA - It would be nice if they decided to issue a special year end cash dividend in light of the incredible results they have posted the last couple quarters. It's probably a longshot, but you never know.

TOMZ - This has to be one of the ugliest sequential quarters ever.

https://www.globenewswire.com/news-release/2020/11/12/2126013/0/en/TOMI-Environmental-Solutions-Inc-Reports-Third-Quarter-2020-Financial-Results.html

UUU - Seems to be freebasing today (forming a base when finally free of the bagholders).

SCX - Not too shabby, especially since their first quarter is generally a weaker one for them.

Smith-Midland Uplisting to The NASDAQ Capital Market

Accesswire - Nov 12 08:00 EDT


MIDLAND, VA / ACCESSWIRE / November 12, 2020 / Smith-Midland Corporation (NASDAQ:SMID), which develops, manufactures, licenses, rents and sells a broad array of precast concrete products, services, and systems for use primarily in the construction, transportation and utilities industries, is pleased to announce that NASDAQ approved the Company's common stock for listing on The NASDAQ Capital Market. Smith-Midland will continue trading under its current symbol SMID. Trading on The NASDAQ Capital Market is expected to commence during the week of November 16, 2020.

"Smith-Midland's uplisting to The NASDAQ Capital Market is an important step in our journey to help facilitate our next phase of growth and to increase long-term shareholder value," stated Chief Executive Officer and President, Ashley Smith. "Since inception in 1960, our expansion and diversification of products has continuously evolved as we leverage creative problem solving, engineering and expert craftsmanship in our designs. We are humbled by this monumental achievement, and remain committed to innovation, quality and service as the cornerstones of our business. I want to thank our dedicated team members and our shareholders for their support in our process to increase long-term shareholder value."

"NASDAQ is the ideal platform for the continued growth of Smith-Midland," said Chief Financial Officer, AJ Krick. "The benefits of uplisting include broadening our universe of potential shareholders, enhanced visibility within the investment community, and the opportunity to increase liquidity of the stock."

About Smith-Midland Corporation
Smith-Midland develops, manufactures, licenses, rents and sells a broad array of precast concrete products, services, and systems for use primarily in the construction, transportation and utilities industries. Management and the board own approximately 17.5 percent of SMID stock, aligning with shareholder values. More information is available at www.smithmidland.com

Forward-Looking Statements

JRSH - I agree, Nelson. I thought the quarter was good, but the guidance was kinda funky especially since they are saying their factory will be running full bore through the summer of 2021. Good chance they are sandbagging. I haven't listened to the cc yet. I sold a few pre-market, also. I'm holding the rest for now.

FKWL $17.50 - You would think this one might have considerable downside now that we seem to be turning the corner on covid. It is sitting pretty close to the 52-week high.

The potential merger is the wildcard. There is no telling whether or not it will happen and if it does, how it will be perceived.

The float here is only 1.84M shares. The usual reaction to today's earnings news would be a sharply higher price. It has traded 525k shares so far this morning. You have to wonder how many people are underwater from the big move on the merger news. Unfortunately you have some more who are underwater from the pre-market prices this morning.

I think it has a good shot at moving higher, but right now it's not far from the low of the day.

UUU - On October 29, on the merger news, it traded above $5 on volume of over 72M shares. I think the strange reaction this morning is because a lot of those people who bought at higher prices and were stuck in the stock are unloading today.

ELTK - Interesting scenario. I hold a small position. They did another rights offering in April of 2019 raising $3.4M. Nistec, the controlling shareholder scooped up the majority of it. They have done a nice job cleaning up their balance sheet through profits and the sale of equity.

The float is still very low at 1.29M, also.

In June, the CEO said "During this year, we plan to significantly increase our investment in new equipment and the expansion of our facilities and infrastructure, in order to support our continued growth, despite the impact of the Covid-19 pandemic." So your expansion rationale makes sense.

You would think they would have at least a decent quarter on the way....

CTHR - Nelson, I added below a buck today. I listened to a replay of the cc and didn't hear anything I thought was concerning. They say they are well set up for the holiday season. Their new lab grown diamond offering could be a big positive if it's well received.

Word on the street is that you've had a pretty good year, Nelson, so I would recommend the 2 1/2 ctw lab grown diamond ring for that someone special in your life. I put a link down below for your convenience:

https://www.charlesandcolvard.com/caydia-lab-grown-diamond-signature-solitaire-engagement-ring-101014-r-au-wht-18k-cu-d-0251

I'm looking at a lot of these earnings reports lately with a jaundiced eye. Many of these companies have sharply lower expenses due to layoffs, cutting back on product development, holding off on maintenance, less travel, pay cuts, etc. This has juiced the bottom line nicely for some companies. How long can this go on?

At one point last night, Betfair gave Trump a 74 percent chance of winning. Currently they give him an 18 percent chance.

A gambler's money has no home!

PMTS - Well, maybe their motto is: You gotta spend money to make money!

PMTS - Great quarter and nice pop on the news. The detracting factor is that their negative equity is downright scary.

TAIT - I picked some more up today. Company has an awesome balance sheet and always seems to have strong operating cash flow to easily cover their dividend.

At the current $2.50 price, the yield is a tasty 6.4 percent. It's not the most exciting stock out there, but probably not a bad place to park some excess cash.

I don't trust it either. I wouldn't be overly surprised to see the market end up negative on the day. On the flip side, I wouldn't be surprised if the market doubled its current gains.

I'm not making any big bets either way. I think we could be in for a wild, lurching ride in the short term.

ESCA PR:

https://www.prnewswire.com/news-releases/escalade-reports-consecutive-record-setting-quarters-with-third-quarter-financials-301162471.html

BGFV - Nice earnings report and dividend raise. The guidance is concerning to me, also. This blurb especially:

"So long as conditions relating to the COVID-19 pandemic, including any regulations issued in response to the pandemic, or other conditions do not materially impact the Company’s ability to continue to operate its stores, the Company believes it is reasonable to expect same store sales over the remainder of the fiscal 2020 fourth quarter in the range of -5% to +5% compared to the comparable period during the prior year."

JRSH - Jerash Holdings initiated with a Buy at Aegis

TheFlyontheWall.com - Oct 27 09:30 EDT

Aegis analyst Rommel Dionisio initiated coverage of Jerash Holdings with a Buy rating and $8 price target.

BGFV - You might be right, Cliff. If you go to their home page and scroll down to Trending Categories you will see a Lakers T-shirt as the picture for the Fan Gear category. Unfortunately if you click the link there are no Lakers items. Maybe they did sell out online.

They do have a Dodgers Gear category with some shirts and hats.

ORBN - What a whopper of a quarter:

https://www.businesswire.com/news/home/20201023005110/en/Oregon-Bancorp-Announces-Third-Quarter-Earnings

That is a head scratcher. (eom)