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IART - I suspect that they'll be lowering guidance but that may be priced in already. I'll await the earnings and conf call before considering taking a position. Good luck.
IART is on my watchlist but it's acting like crap so I won't consider buying it until I see the Q1 earnings. Bad news might be lurking.
JAZZ -2 to 107, hitting 4 year lows ..... earnings should be out around 5/9. It's on my watchlist but it's in a relentless downtrend than seems ominous. I want to see the Q1 report before I consider taking a small position.
GTEC -.37 to 1.55, I'm surprised it's not down more, but I'm holding and leaving my low ball GTC bid of $1.05 out there .... hoping for a spike up after the Q1 report in a few weeks, but expect to take the tax loss at some point later this year.
ARM -12 to 110 in a weak semiconductor sector .... I think it has further to fall and just shorted some more shares. It's trading at 70x Mar FY25 estimates. A tad too pricey, imho.
S&P500 -33 to 5018, a 4.7% pullback so far .... I think the market has further to fall and just picked up some SPXS, although my track record in this short ETF is not good.
NYCB +.05 to 2.97 with earnings looming next week .... another loss is expected -
https://www.marketwatch.com/story/nycbs-earnings-estimates-have-tumbled-as-loss-looms-after-tough-quarter-985db82f?mod=mw_quote_news
GTEC - exactly - this stock has always been priced with great skepticism of the financials. The traders may have their fun with it. I have a low ball GTC bid in at $1.05 in case it plunges .... because it does have a history of upward spikes as well.
GTEC (1.92) - on a positive note, they do show that operating income rose to $10.8M versus $6.0M y/y on 13.6M shares o/s, so operating EPS of $0.79. Shareholder equity is down to $50M from $66M, but that's still $3.67 per share. Non-controlling interest has dropped from $13.7M to $600k. But who knows if these figures have any basis in reality given that this is a China microcap doing almost all its business in China.
It will be interesting to see how low the stock drops today and whether they go through with the spinoff as recently announced. I'll probably hang on to my remaining shares for the short term and await further developments. The Q1 report will be out in just a few weeks. If it's a nice report maybe traders will forgive or forget the huge Q4 receivable write-down and insider shenanigans ??? LOL
GTEC -.42 to 1.50 after hours. Another China microcap bites the dust. I'm wondering if that 46% ownership interest will be eliminated ? And what will happen to their spinoff plans ? I still hold a chunk of shares but did sell a bunch over the past few months.
GTEC -.03 to 1.93, hopefully they'll post Q4 earnings very soon .... as of today they are officially beyond the 15 day extension. Not good.
I'm interested in shorting a small basket of stocks. There are many stocks in downtrends that seem like they'll go lower especially if this market correction continues.
OPTT -.02 to .21, good catch that it trades on the NYSE/American exchange .... it's gotten so cheap that I completely forgot that it's still on the old American exchange, lol. IB currently has over 300k shares available for shorting at a mere 1% annual borrow rate, whereas it's not shortable at Fidelity. And yes one can short OTC pinksheets at IB. For example one can currently short EBIXQ ($0.80), which is in bankruptcy and was delisted months ago. IB currently has 1.5M shares available for shorting at a modest borrow rate of 10%. I presume it's not available for shorting at Fidelity ?
IB offers features not available at other brokers, hence I'll always keep a small account with them. Does Fidelity allow shorting of OTC stocks ? I have nice profits on my long term short position in OPTT at IB. And they allow GTC orders for shorting OTC stocks .... very convenient.
DRCT down 50% in the past few weeks .... IB generally had plenty of shares to short but at a borrow rate of around 100% .... even so over 4 weeks that amounts to 8%, well worth it to gain 50% on the short position. I should have stayed short, but got cold feet, lol.
If you owned DBGI at IB, they'd be sharing the currently 96% borrow fee with you if your shares got loaned out to short sellers .... so you could earn about 1% per week on the market value of your position. It's a nice feature at IB that's not offered at other brokers.
https://www.interactivebrokers.com/en/pricing/stock-yield-enhancement-program.php
DBGI -.49 to 3.51, your trading profits in this stock have been masterful considering the overall severe long term downtrend, but there's been plenty of volatility on the way down, so the potential for trading profits is certainly there whether long or short -
Trend Start Price Trend End Price Gain/Loss % Days in Trend
05/17/21 12750 05/20/21 7500 -41.2% 4
05/20/21 7500 05/24/21 8925 19% 3
05/24/21 8925 05/25/21 7425 -16.8% 2
05/25/21 7425 05/26/21 8375.25 12.8% 2
05/26/21 8375.25 06/01/21 7154.75 -14.6% 4
06/01/21 7154.75 06/10/21 11150 55.8% 8
06/10/21 11150 06/15/21 7900 -29.1% 4
06/15/21 7900 06/16/21 8975 13.6% 2
06/16/21 8975 06/17/21 8075 -10% 2
06/17/21 8075 06/22/21 10625 31.6% 4
06/22/21 10625 06/23/21 8875 -16.5% 2
06/23/21 8875 06/24/21 18675 110.4% 2
06/24/21 18675 06/28/21 11250 -39.8% 3
06/28/21 11250 06/29/21 18750 66.7% 2
06/29/21 18750 06/30/21 13025 -30.5% 2
06/30/21 13025 07/01/21 14674.75 12.7% 2
07/01/21 14674.75 07/07/21 10725 -26.9% 4
07/07/21 10725 07/08/21 22000 105.1% 2
07/08/21 22000 07/14/21 11525 -47.6% 5
07/14/21 11525 07/15/21 14375 24.7% 2
07/15/21 14375 07/19/21 11975 -16.7% 3
07/19/21 11975 07/20/21 13850 15.7% 2
07/20/21 13850 07/21/21 12350 -10.8% 2
07/21/21 12350 07/22/21 14625 18.4% 2
07/22/21 14625 07/23/21 12700 -13.2% 2
07/23/21 12700 07/26/21 14425 13.6% 2
07/26/21 14425 07/29/21 11500 -20.3% 4
07/29/21 11500 07/30/21 13475 17.2% 2
07/30/21 13475 08/04/21 10125 -24.9% 4
08/04/21 10125 08/11/21 12100 19.5% 6
08/11/21 12100 08/18/21 6400 -47.1% 6
08/18/21 6400 08/31/21 8100 26.6% 10
08/31/21 8100 09/20/21 5800 -28.4% 14
09/20/21 5800 09/23/21 7725 33.2% 4
09/23/21 7725 09/24/21 6275 -18.8% 2
09/24/21 6275 09/28/21 12175 94% 3
09/28/21 12175 10/06/21 6375 -47.6% 7
10/06/21 6375 10/07/21 7900 23.9% 2
10/07/21 7900 10/08/21 6650 -15.8% 2
10/08/21 6650 10/19/21 9499.75 42.9% 8
10/19/21 9499.75 10/22/21 6650 -30% 4
10/22/21 6650 10/26/21 8375 25.9% 3
10/26/21 8375 10/27/21 7275 -13.1% 2
10/27/21 7275 10/28/21 16600 128.2% 2
10/28/21 16600 10/29/21 8325 -49.8% 2
10/29/21 8325 11/01/21 10125 21.6% 2
11/01/21 10125 11/02/21 8625 -14.8% 2
11/02/21 8625 11/04/21 12175 41.2% 3
11/04/21 12175 11/09/21 8550 -29.8% 4
11/09/21 8550 11/10/21 10500 22.8% 2
11/10/21 10500 12/06/21 5225 -50.2% 18
12/06/21 5225 12/09/21 6975 33.5% 4
12/09/21 6975 12/10/21 5500 -21.1% 2
12/10/21 5500 12/15/21 6275 14.1% 4
12/15/21 6275 12/16/21 5600 -10.8% 2
12/16/21 5600 12/23/21 6450 15.2% 6
12/23/21 6450 12/30/21 5225.25 -19% 5
12/30/21 5225.25 01/05/22 6875 31.6% 5
01/05/22 6875 01/24/22 2550 -62.9% 13
01/24/22 2550 01/25/22 4025 57.8% 2
01/25/22 4025 01/28/22 2925 -27.3% 4
01/28/22 2925 02/02/22 3450 17.9% 4
02/02/22 3450 02/03/22 3075 -10.9% 2
02/03/22 3075 02/08/22 3450 12.2% 4
02/08/22 3450 02/24/22 2275.25 -34.1% 12
02/24/22 2275.25 03/07/22 5125 125.2% 8
03/07/22 5125 03/10/22 3000 -41.5% 4
03/10/22 3000 03/11/22 4975 65.8% 2
03/11/22 4975 03/15/22 3800 -23.6% 3
03/15/22 3800 03/18/22 4822.5 26.9% 4
03/18/22 4822.5 03/21/22 3949.75 -18.1% 2
03/21/22 3949.75 03/22/22 4400 11.4% 2
03/25/22 4600 03/25/22 3725 -19% 1
03/25/22 3725 03/28/22 4875 30.9% 2
03/28/22 4875 03/29/22 4000 -17.9% 2
03/29/22 4000 03/31/22 5200 30% 3
03/31/22 5200 04/05/22 3037.5 -41.6% 4
04/05/22 3037.5 04/07/22 3350 10.3% 3
04/07/22 3350 04/13/22 2650 -20.9% 5
04/13/22 2650 04/14/22 2925 10.4% 2
04/14/22 2925 04/18/22 2050 -29.9% 2
04/18/22 2050 04/20/22 2365 15.4% 3
04/20/22 2365 05/09/22 483 -79.6% 14
05/09/22 483 05/17/22 687.5 42.3% 7
05/17/22 687.5 05/25/22 400 -41.8% 7
05/25/22 400 06/02/22 519.25 29.8% 6
06/02/22 519.25 06/07/22 414.75 -20.1% 4
06/07/22 414.75 06/09/22 573.75 38.3% 3
06/09/22 573.75 06/10/22 487.75 -15% 2
06/10/22 487.75 06/13/22 564.75 15.8% 2
06/13/22 564.75 06/16/22 450 -20.3% 4
06/16/22 450 06/17/22 537.5 19.4% 2
06/17/22 537.5 06/22/22 435.75 -18.9% 3
06/22/22 435.75 06/29/22 543.75 24.8% 6
06/29/22 543.75 06/30/22 471.5 -13.3% 2
06/30/22 471.5 07/06/22 569.75 20.8% 4
07/06/22 569.75 07/11/22 489 -14.2% 4
07/11/22 489 07/12/22 555 13.5% 2
07/12/22 555 07/18/22 353.25 -36.4% 5
07/18/22 353.25 07/20/22 405 14.6% 3
07/20/22 405 07/28/22 250 -38.3% 7
07/28/22 250 08/02/22 332 32.8% 4
08/02/22 332 08/03/22 287.5 -13.4% 2
08/03/22 287.5 08/04/22 372.5 29.6% 2
08/04/22 372.5 08/08/22 325 -12.8% 3
08/08/22 325 08/15/22 476.25 46.5% 6
08/15/22 476.25 08/19/22 350.25 -26.5% 5
08/19/22 350.25 08/22/22 415.5 18.6% 2
08/22/22 415.5 08/23/22 357.5 -14% 2
08/23/22 357.5 08/25/22 420.25 17.6% 3
08/25/22 420.25 09/06/22 269.75 -35.8% 8
09/06/22 269.75 09/13/22 374.75 38.9% 6
09/13/22 374.75 09/23/22 226.25 -39.6% 9
09/23/22 226.25 09/26/22 251.25 11% 2
09/26/22 251.25 09/29/22 207.25 -17.5% 4
09/29/22 207.25 10/04/22 269.75 30.2% 4
10/04/22 269.75 10/12/22 162.5 -39.8% 7
10/12/22 162.5 10/14/22 324.5 99.7% 3
10/14/22 324.5 10/17/22 197.25 -39.2% 2
10/17/22 197.25 10/18/22 312.5 58.4% 2
10/18/22 312.5 10/19/22 200.5 -35.8% 2
10/19/22 200.5 10/21/22 320 59.6% 3
10/21/22 320 10/25/22 200 -37.5% 3
10/25/22 200 10/26/22 256.75 28.4% 2
10/26/22 256.75 10/28/22 163.25 -36.4% 3
10/28/22 163.25 10/31/22 194.75 19.3% 2
10/31/22 194.75 11/01/22 151 -22.5% 2
11/01/22 151 11/03/22 247 63.6% 3
11/03/22 247 11/09/22 84.25 -65.9% 5
11/09/22 84.25 11/10/22 154.21 83% 2
11/10/22 154.21 11/11/22 108 -30% 2
11/11/22 108 11/15/22 137 26.9% 3
11/15/22 137 11/17/22 92.47 -32.5% 3
11/17/22 92.47 11/18/22 112.5 21.7% 2
11/18/22 112.5 11/21/22 80.25 -28.7% 2
11/21/22 80.25 11/23/22 165 105.6% 3
11/23/22 165 11/25/22 131.5 -20.3% 2
11/25/22 131.5 11/28/22 234.75 78.5% 2
11/28/22 234.75 12/01/22 80.25 -65.8% 4
12/01/22 80.25 12/05/22 132 64.5% 3
12/05/22 132 12/09/22 89.25 -32.4% 5
12/09/22 89.25 12/12/22 115 28.9% 2
12/12/22 115 12/16/22 88.25 -23.3% 5
12/16/22 88.25 12/19/22 101.25 14.7% 2
12/19/22 101.25 12/20/22 90.25 -10.9% 2
12/20/22 90.25 12/23/22 118 30.7% 4
12/23/22 118 12/28/22 92.75 -21.4% 3
12/28/22 92.75 12/30/22 150 61.7% 3
12/30/22 150 01/03/23 94 -37.3% 2
01/03/23 94 01/04/23 105.5 12.2% 2
01/04/23 105.5 01/10/23 88.25 -16.4% 5
01/10/23 88.25 01/11/23 106.75 21% 2
01/11/23 106.75 01/20/23 59.5 -44.3% 7
01/20/23 59.5 01/23/23 89.5 50.4% 2
01/23/23 89.5 01/25/23 63.5 -29.1% 3
01/25/23 63.5 01/30/23 87 37% 4
01/30/23 87 02/01/23 68 -21.8% 3
02/01/23 68 02/06/23 85 25% 4
02/06/23 85 02/15/23 53.75 -36.8% 8
02/15/23 53.75 02/16/23 60.5 12.6% 2
02/16/23 60.5 02/27/23 33.75 -44.2% 7
02/27/23 33.75 02/28/23 42 24.4% 2
02/28/23 42 03/02/23 31.25 -25.6% 3
03/02/23 31.25 03/03/23 39.5 26.4% 2
03/03/23 39.5 03/08/23 29.75 -24.7% 4
03/08/23 29.75 03/09/23 41 37.8% 2
03/09/23 41 03/15/23 29.25 -28.7% 5
03/15/23 29.25 03/16/23 33.25 13.7% 2
03/16/23 33.25 03/21/23 27.75 -16.5% 4
03/21/23 27.75 03/30/23 38.75 39.6% 8
03/30/23 38.75 04/03/23 31 -20% 3
04/03/23 31 04/04/23 34.25 10.5% 2
04/04/23 34.25 04/06/23 30 -12.4% 3
04/06/23 30 04/10/23 33.18 10.6% 2
04/12/23 33.25 04/12/23 27.75 -16.5% 1
04/12/23 27.75 04/13/23 36.13 30.2% 2
04/13/23 36.13 04/14/23 31.25 -13.5% 2
04/14/23 31.25 04/17/23 39 24.8% 2
04/17/23 39 05/02/23 17.88 -54.2% 12
05/02/23 17.88 05/08/23 33.5 87.4% 5
05/08/23 33.5 05/09/23 24.2 -27.8% 2
05/09/23 24.2 05/10/23 27.5 13.6% 2
05/10/23 27.5 05/15/23 21.69 -21.1% 4
05/15/23 21.69 05/16/23 25.25 16.4% 2
05/16/23 25.25 05/17/23 22.26 -11.8% 2
05/22/23 21.24 05/22/23 26.5 24.8% 1
05/22/23 26.5 05/24/23 18.25 -31.1% 3
05/24/23 18.25 05/26/23 20.52 12.4% 3
05/26/23 20.52 05/30/23 17.04 -17% 2
05/30/23 17.04 06/06/23 19.85 16.5% 6
06/06/23 19.85 06/09/23 14.5 -27% 4
06/09/23 14.5 06/16/23 18.75 29.3% 6
06/16/23 18.75 06/23/23 16.45 -12.3% 5
06/23/23 16.45 06/26/23 18.5 12.5% 2
06/26/23 18.5 06/28/23 14.77 -20.2% 3
06/28/23 14.77 06/30/23 17.22 16.6% 3
06/30/23 17.22 07/06/23 15 -12.9% 4
07/06/23 15 07/12/23 17.42 16.1% 5
07/12/23 17.42 07/19/23 14.02 -19.5% 6
07/19/23 14.02 07/20/23 15.74 12.3% 2
07/20/23 15.74 08/09/23 8.75 -44.4% 15
08/09/23 8.75 08/10/23 9.81 12.1% 2
08/10/23 9.81 08/11/23 8.78 -10.5% 2
08/11/23 8.78 08/14/23 11.11 26.5% 2
08/14/23 11.11 08/15/23 9.51 -14.4% 2
08/15/23 9.51 08/16/23 24.75 160.3% 2
08/16/23 24.75 08/18/23 12.52 -49.4% 3
08/18/23 12.52 08/21/23 21 67.7% 2
08/21/23 21 08/28/23 7.34 -65% 6
08/28/23 7.34 08/30/23 15.91 116.8% 3
08/30/23 15.91 08/31/23 9.64 -39.4% 2
08/31/23 9.64 09/05/23 23.72 146.1% 3
09/05/23 23.72 09/12/23 9.79 -58.7% 6
09/12/23 9.79 09/14/23 12.01 22.7% 3
09/14/23 12.01 09/19/23 8.9 -25.9% 4
09/19/23 8.9 09/20/23 10.26 15.3% 2
09/20/23 10.26 09/26/23 7.75 -24.5% 5
09/26/23 7.75 09/29/23 9.09 17.3% 4
09/29/23 9.09 10/09/23 7.47 -17.8% 7
10/09/23 7.47 10/10/23 8.38 12.2% 2
10/10/23 8.38 10/16/23 5.33 -36.4% 5
10/16/23 5.33 10/17/23 6.28 17.8% 2
10/17/23 6.28 10/20/23 4.73 -24.7% 4
10/20/23 4.73 10/23/23 5.58 18% 2
10/23/23 5.58 10/27/23 3.8 -31.9% 5
10/27/23 3.8 11/02/23 4.92 29.5% 5
11/06/23 7.04 11/10/23 3.6 -48.9% 5
11/10/23 3.6 11/14/23 5.09 41.4% 3
11/14/23 5.09 11/15/23 3.4 -33.2% 2
11/15/23 3.4 11/16/23 3.81 12.1% 2
11/16/23 3.81 11/17/23 3.3 -13.4% 2
11/17/23 3.3 11/20/23 3.71 12.4% 2
11/20/23 3.71 11/29/23 2.98 -19.7% 7
11/29/23 2.98 11/30/23 4.27 43.3% 2
11/30/23 4.27 12/01/23 3.06 -28.3% 2
12/01/23 3.06 12/08/23 4.76 55.6% 6
12/08/23 4.76 12/11/23 4.14 -13% 2
12/11/23 4.14 12/12/23 5.55 34.1% 2
12/12/23 5.55 12/20/23 3.37 -39.3% 7
12/20/23 3.37 12/21/23 3.94 16.9% 2
12/21/23 3.94 12/27/23 3.11 -21.1% 4
12/29/23 2.79 12/29/23 3.69 32.3% 1
12/29/23 3.69 01/04/24 2.55 -30.9% 4
01/04/24 2.55 01/10/24 3.58 40.4% 5
01/10/24 3.58 01/22/24 2.3 -35.8% 8
01/22/24 2.3 01/23/24 2.81 22.2% 2
01/23/24 2.81 01/29/24 2.36 -16% 5
01/31/24 2.35 02/07/24 2.9 23.4% 6
02/07/24 2.9 02/09/24 2.55 -12.1% 3
02/09/24 2.55 02/13/24 12.8 402% 3
02/13/24 12.8 02/15/24 4.06 -68.3% 3
02/15/24 4.06 02/16/24 5.45 34.2% 2
02/16/24 5.45 02/21/24 4.44 -18.5% 3
02/21/24 4.44 02/22/24 5.2 17.1% 2
02/22/24 5.2 02/23/24 4.21 -19% 2
02/23/24 4.21 02/26/24 4.93 17.1% 2
02/26/24 4.93 02/29/24 4 -18.9% 4
02/29/24 4 03/01/24 4.46 11.5% 2
03/01/24 4.46 03/15/24 3.11 -30.3% 11
03/15/24 3.11 03/20/24 3.95 27% 4
03/20/24 3.95 03/22/24 3.39 -14.2% 3
03/22/24 3.39 03/28/24 4.37 28.9% 5
03/28/24 4.37 04/02/24 3.76 -14% 3
04/02/24 3.76 04/08/24 4.85 29% 5
04/08/24 4.85 04/11/24 3.65 -24.7% 4
04/11/24 3.65 04/12/24 4.64 27.1% 2
04/12/24 4.64 04/15/24 3.82 -17.7% 2
The Russell 2000 is lagging the S&P500 by a whopping 9% YTD as of yesterday's close and the S&P Small Cap 600 is doing even worse -
TKR % Change Cur Price Start Price
$NYFANG 13% 9862.81 8716.33
$RLG 8% 3291.8 3051.68
$SPX 6% 5061.82 4769.83
$COMP 6% 15885.02 15011.35
$NDX 5% 17706.83 16825.93
$RLV 3% 1680.92 1629.42
$MID 3% 2868.88 2781.54
$SPXEW 2% 6512.03 6402.89
$DJI 0% 37735.11 37689.54
$W5KMIC -1% 13243.58 13358.71
$RUT -3% 1975.71 2027.07
$DJT -3% 15388.34 15898.85
$RUMIC -3% 706.76 731.01
$DJU -4% 848.76 881.67
$SML -5% 1258.69 1318.26
DJT -5.64 to 26.95, I would imagine that those with an outrageously low cost basis of $0.01 are itching to sell but restricted by lock up agreements as Trump himself is .... anyone who somehow found shares to short over the past few weeks has done extremely well despite the sky high borrow rate. PUT holders are likewise showing nice profits despite the huge premiums. DJT hit $79+ just 3 weeks ago.
CUBI -3.39 to 45.63 after replacing CFO. The former CFO was fired for "cause". No reason given, but hopefully not due to any financial misrepresentations or other shenanigans.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1488813/000148881324000016/cubi-20240410.htm
A 3% gap between current mortgage rates and existing mortgages is suppressing home sales -
https://www.nytimes.com/2024/04/15/upshot/mortgage-rates-homes-stuck.html
Between 1998 and 2020, there was never a time when more than 40 percent of American mortgage holders had locked-in rates more than one percentage point below market conditions. By the end of 2023, as the chart below shows, about 70 percent of all mortgage holders had rates more than three percentage points below what the market would offer them if they tried to take out a new loan.
BTC - bitcoin halving will hurt miners -
https://fortune.com/2024/04/14/bitcoin-halving-crypto-mining-10-billion-lost-revenue-btc-price-outlook/
S&P -77 to 5121, today's selloff is partly due to growing middle east tensions and concerns about an imminent retaliatory attack by Iran against Israel.
GERN -.08 to 3.69 after hitting $4.05 this morning, a 6 year high .... nice action but the $4 level evidently triggered a lot of profit taking and the broader market selloff didn't help either ....
The Russell 2000 is really taking a beating today after the CPI report .... down 3% versus down 1% for the S&P500.
Loads of red on my screen.
S&P500 Futures down 69 after a hotter than expected CPI report -
CNBC -
The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the Federal Reserve on hold with interest rates.
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.
Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%.
GREE (3.49) Q4 earnings are out. EPS of $0.36, but the 10K shows a big gain from the sale of assets, not mentioned in the press release. So these results are clearly not sustainable as we expected when they pre-announced.
GTEC - nice to see the delivery and the Baltimore bridge channel is already open to smaller vessels. I look forward to seeing the earnings report.
INMD -1.05 to 18.74, it was a disappointing quarter, but I think the stock has a decent chance for a rebound over the long term. I'm holding but writing covered calls against my entire position. Partly the weakness is due to product transition -
PR -
It is important to highlight that 2024 is the initial launch year for InMode's new platforms. Consequently, there is a transition phase involving pre-orders that may not be fully represented in the quarterly results. This transition period may span a couple of quarters until all sold platforms are comprised of the new platforms.
I've had an IB account for well over a decade .... it's just a secondary account for me but has many features not offered by other brokers. Primarily I use it for commodity futures options trading, mostly NG, which has been very profitable for me. Also they allow GTC orders for shorting of pinksheets. My short in OPTT has been nicely profitable. They also offer shorting of hard to borrow securities, albeit at heft interest rates. Recently they began offering 24 hour trading in 10,000 stocks, although overnight liquidity is minimal -
https://seekingalpha.com/news/3990596-interactive-brokers-expands-overnight-trading-hours-to-over-10000-stocks-etfs
PERI -8.01 to 13.10 in pre-market after slashing 2024 guidance due to pricing changes on Microsoft Bing - revenue guidance cut by 19% and adj EBITDA cut by a whopping 53%. Ouch.
https://finance.yahoo.com/news/perion-network-announces-preliminary-q1-100000888.html
IMND - good point, I was not aware of the selloff in the Israeli exchange over the past few days. It could be an indirect factor in the stock's weakness.
AESI - congrats on still holding, I should have held on longer, but would buy back on a dip .... the energy sector is having a good year thank to rising crude oil prices, now $87.44/bbl, up 23% from 71.33 at the start of the year. However NG prices have plunged due the warm winter, now at $1.81/mcf down 28% from 2.50 YTD.
My small cap oil stocks are doing well YTD -
TKR % Change Cur Price Start Price
REI 37% 2 1.46
VTLE 20% 54.71 45.49
SBOW 17% 33.92 29.08
NOG 10% 40.75 37.07
AVERAGE RETURN = 21%
S&P500 +61 to 5208, I thought this morning's strong jobs report might shake the market, but instead we get a big rally despite the ever diminishing chances of a FED rate cut by summer ....
briefing -
Nonfarm payrolls increased by 303,000 in March (Briefing.com consensus 200,000) following a revised increase of 270,000 in February (from 275,000). Nonfarm private payrolls rose by 232,000 in March (Briefing.com consensus 160,000) following a revised increase of 207,000 in February (from 223,000).
The unemployment rate fell to 3.8% in March (Briefing.com consensus 3.8%) from 3.9% in February.
Average hourly earnings increased by 0.3% in March (Briefing.com consensus 0.3%) following a revised 0.2% increase in February (from 0.1%). The average workweek rose to 34.4 hours in March (Briefing.com consensus 34.3) from 34.3 hours in February.
INMD (19.83) typically provides preliminary figures for a completed quarter on around the 12th of the following month, so we should be getting the update within a week or so .... hopefully the recent weakness in the stock does not presage a disappointing quarter.
Briefing - S&P dropping towards lows of the day following comment from Minneapolis Fed President Neel Kashkari (not a voting FOMC member) that it's possible Fed might not cut rates this year if inflation decline stalls.
S&P500 +37 to 5248, this nonstop market rally is amazing. I'd welcome a 10% correction. Maybe the upcoming earnings season will put a damper on the rally ? We shall see. The big banks start reporting next week after which the flood of earnings reports begins.
There are a lot of low PE small cap stocks in the energy sector, but they always get low valuations and most have rallied significantly over the past few months along with the rise in crude oil prices. Just a few weeks ago I posted about REI at $1.54 .... it still looks cheap now at $2.09, but is it still a good buy after the quick 35% gain ? Possibly, but I'm not so sure. Nonetheless, I'm still holding all my shares.
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CL, NG
NatGas prices were recently at all time inflation adjusted lows due to a supply glut. Crude oil prices are being supported by geopolitical tensions which will hopefully diminish in the coming year. I question whether drilling activity will be very robust this year.
Latest report from Baker Hughes -
U.S. Rig Count is down 134 rigs from last year's count of 758 with oil rigs down 84, gas rigs down 50 and miscellaneous unchanged.
NG, CL
Wade - at last report your IHUB portfolio is up 30% YTD and 241% in the past 2+ years, yet you're happy to have been in 95% cash since then ??? That makes no sense whatsoever. I'd be very UNHAPPY to be in cash rather than up 241%. It's never a gamble to be invested if one takes a long term view as I do. If I had constantly been trying to time the market over the past 40 years I'd have a MUCH lower net worth than I do now. I'm always invested, never over 25% cash equivalent.
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