Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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.
The aforementioned bid to buy RCEL at $21.30 came through as did subsequent orders placed over the last hour or so enabling me to add shares at $21.21 to a high of $21.33 with newly accumulated shares priced at an average of $21.28 or so.
In light of previously encountered losses, I view today's buys as redemptive being as they ease the pain somewhat, kind of like a partial rebalancing. From my perspective I find it useful to always keep in mind that I want to jump on opportunity whenever it rears its beautiful head and winks at me. The fact that I've sustained losses early on have nothing to do with my determined effort to strengthen things where I can, going forward. To wallow in those losses would be tantamount to getting off on depressing doom & gloom thoughts. I don't need it.
Sorry for the rant, just trying to clear the way via added visibility.
Hoping everybody here is enjoying the chance to pick up more shares of a stock we know will climb when we get out from under the spell of Covid-19. For now, I'm going to exercise extreme patience if need be and await the rainbow's coming into view. And it can grow only more exciting looking forward.
And my thanks back atcha.
Howardriggin'---
You may be entirely correct in your assessment. If we differ at all, I believe it's in determining why the steady drop:
1. We should never have experienced the incredibly positive journey higher in the first place! Without profits, no clear-cut path to prosperity, insufficient funding to accomplish top-line goals without the massive dilution that had to happen (and did!) over and over again---and then there's the notoriety coming from Robin Hood which was causing a tsunami thanks to commission-free trades very quickly adopted by other prominent brokerages.
2. Widely known shorts seemed to have triggered the beginning of the fall from Grace but my take is somewhat different as I buy into the parabolic tendencies in stock investing that would have inertial responses allowing for shares to climb until they can no longer continue doing so. At that time things skitter along while flirting with falling off the proverbial cliff. From there it's the usual bag-holding defensive posturing with lots of finger-pointing. Nobody wants to be viewed as a bag-holder, right? I've been there myself numerous times, albeit not in this particular instance. It's lousy for sure.
3. Momentum spells it all out as I see it. As with the parabola, momentum builds sufficiently to allow the surge of excitement to grow into a crescendo. Couple this with the pandemic, the stay-at-home orders, enormous loss of jobs and income and we have the perfect formula for what I might call the "rush to magical dream fulfillment."
America has suffered terrible battles before and managed to survive. We will again. All of our issues today will eventually be forgotten.
For now, I'm waiting and watching, being of the belief that enough good things are in place that will, in time, make GNUS a worthy portfolio component. I suspect shares will drop back more, perhaps to the 75 cent range---before I dabble once again. After all, it's widely recognized that when a publicly traded company not yet profitable announces it will be several quarters more before strategic moves pull together, not many will be willing to toss their money into the ring. There are, after all, promising opportunities elsewhere.
Bottom line:
I like what this company is planning on becoming. And I'd like to have my hat in the winners' circle same as everybody else. So it comes down to timing. And that becomes complicated with the pandemic at hand plus a whole lot of political uncertainty staging a siege and the possibility of another lock-down.
Still, GNUS is tantalizing and I'm not about to abandon this pick.
Good fortune to you!
Your absence will not go unnoticed. However, you're to be respected for having made your decision.
Do continue to watch and, I hope, contribute to this board.
Best of good fortune to you!
I don't know but I understand your thought. The accusation doesn't feel like anything relatable but there are times a person can fail to see things others pick up on. It seems to me that open inquiry is the way to go in search of complete visibility and that's why I tried to open the discussion by requesting specific issues of contention. It's the only way I know.
The ball is now in tdeck's hands.
Let me thank you for speaking up. And also I hope Hurricane Laura is kind to you. These storms can be quite frightening.
As for my handling of RCEL positions , I've been adding but in fairly small amounts, usually 50 or 100 shares per buy. A couple of weeks ago I set up a GTC for 100 shares at $21.30. This morning I reset it to the same price point but dropped the share count when I saw $21.30 hit but my order didn't execute. I might get lucky tomorrow.
These are difficult times for most of us, I suspect. I'm holding my breath and hoping our country won't suffer much longer.
Thanks for looking in!
I have no clue as to what you're talking about or why you are so angry. I've done mothing immoral or improper of which I am aware. I suspect you meant to speak to someone else, not me.
However, if you believe I've been dishonest with people, I would sure like to hear your specific arguments. It might actually be good for shareholders on this board, if it's Avita you're looking at.
Looking forward to hearing more from you.
That's very funny. I guess that will go far in establishing that you are not self effacing.
You're confused. I am not rick. I'm flattered that you would think otherwise as he is one very sharp, well-intended investor trying to be of service to others with nothing to gain personally.
Wow!
Where on Earth did you find this information?
I'm shocked, truly shocked that only one person among us has discovered real and unadulterated truth.
You are undoubtedly a legend.
They are not builders.
They do not build homes.
They claim to be able to made concrete panels but they have yet to do so.
Any investor confused about this shouldn't be in stocks.
It's not so simple.
I didn't suspect a scam happening.
I bought 32,000 shares at 26 cents average. I sold at just above $7.50, with a $68,000 gain.
Many others did even better than I.
Call it a scam if you like but for me it was an honest venture which has been a nightmare for some others ever since I sold off. I was extremely lucky, I know. And I won't post hateful comments, either.
Oh, me too!
I love dilution. Don't you?
Some peeps are so shallow, attacking you after all you've given.
Don't fall for it. They never tell the truth and have consistently lied.
Worse, they never made a dime except by selling shares.
Shit, too.
Lol
Not I. No reason to.
I wouldn't buy into anything he might have to say.
Worthless with or without news.
This may never go anywhere I could wish but i continue to believe it's worth holding onto for the moment. Unfortunately it's not anything we could trade due to swimming too far beneath the radar surface.
So for me it's just an insurance policy that may never pay off. But that's how insurance works.
lol
It's a start of nothing concrete.
Pun intended.
I'm confusled!
Heretofore I'd always associated the runs with a dump.
Isn't it possible that you were mocked for taking credit for something most of us saw coming?
Bragging never sits well for mortals. Do be understanding, please, as we mortals aren't sure how to respond to one so awesomely talented as are you.
The company is filing late once again.
Once hardly says it. lol
It seems the task is ever more arduous due to having to add up all the dollars unearned. Then again, you'd think they could go on automatic, having never earned a dime in all these years.
Will it stop the new suckers thinking they'll be smarter than the rest of us?
I doubt it but that's why I'm here---to try to avert freshly churned disasters.
Me neither.
Am I supposed to be impressed?
Agreed but with a caveat:
Who's leading the campaign?
Is it the Down Unders or us?
Unitarian Church.
Values based, not faith oriented .
RCEL shares are languishing but this, too, will change. I'm sorry for your discomfort but we're all going thru much the same thing.
Now, then, let us prey.
lol
Eventually I expect we will trade with the majority of the market. For now there's an obvious disconnect or, at the least, time is needed for things to catch up.
Today's selloff had me buying so as I look forward, I'm feeling pretty good about my buys today.
I'm not stuck in any pandemic-induced gloom. Instead, I'm looking past this difficult time, expecting nothing great near term other than for the possibility there'll be an exciting PR announcing Japanese approval or gains made in the quest for pediatric acceptance or a mini-Recell kit. Sooner or later something will grab the headlines and we longs will be the better for it.
So for now I do what I can to strengthen my balance sheet by way of lowering the cost basis. And more shares of a successful company will usually translate into heightened profitability later on. I'm not experiencing disappointment at present---the virus
is doing what the virus will do and we, as a nation, seem to have done less than a little in anticipation of what was obvious to some, but not all. To wit...
On February 2nd I closed myself off physically from the populated world. This entailed stocking up on canned and dry goods before the shelves were bare. I filled the freezers---two chest type and two refrigerators. I notified my church I'd see them maybe next year sometime. And I notified area friends that I saw a death threat around the corner.
People laughed at me in a nice way but I've never been an alarmist which they knew. And now, of course, we are all doing much the same thing I did and continue to maintain.
Good fortune to you!
You must think I'm really stupid!
The only times I employ technical analysis are when I need to see events concluded in the past and not otherwise immediately available. So I look at historical charts at Ameritrade.
This hardly compares to reading tea leaves or some other hocus-pocus bullshit.
You might pick on someone more your size, not me.
I"m saying you never paid for the free shares that are as worthless as what you didn't pay for them.
The issue here has nothing to do with holding the "gift" of free useless shares. It's really about having been suckered into believing in something that was never more than a bust. You got suckered into believing and committing money. I did the same thing.
This haunts us both.
Seeing these so-called shares sitting in our accounts every day pisses us both off.
There's no legal way to get them removed from my account. So daily they remind me I'm sometimes an asshole.
Life is not always fair and that tells me I need to accept the reality.
I believe I've done that. My interest here is trying to help you do the same thing. Slojab and Waterchaser, too.
None of us is against you, personally. We want to see you accepting circumstances such as they are.
Looks like another strong showing developing Down Under.
Begs the question:
Are we seeing a response to Stateside strength or is it moving independently?
I don't know and I'm not even sure it matters. Investment in the stock market calls for at least some measure of patterning on which to base projections. So then, I'm looking for recognizable patterns.
Whatcha tink?
Your explanation is perfect.
The poster never bought the unregistered shares. They were a gift , albeit having no value.
I gather you're looking at an historical chart and concluding results yet to occur, is that the case?
Something I learned long ago is that there's no future in the past.
Technical analysis is derived of results brought on by fundamentals and then charted for the sake of simplicity.
It's nice to see RCEL in early stages of recovery after having been beaten hard. Shares rose $2.48 over the course of the week.
Let's keep up the good work, OK?
I'm counting on everybody.
lol
My sense is that we will dipsy-doodle up and down until there's either a Covid-19 break-thru announcement or Avita makes some sort of announcement investors will appreciate. I'm not seeing much else at the moment, what with most everything in the dumps of late.
Meanwhile I'm holding fast, neither adding or selling. Patience is definitely key here.
Onward, soldiers!
Is that bad in your opinion?
Everyone wants to survive.
Some do it differently than we choose but isn't that the beauty of our stock market?
Looks sensible to me.
There's a plan in place and you've obviously executed this far.
Good job!
The lackluster earnings result from Covid 19, not lack of salable products. The question comes dow to this:
What should we expect of a company with two FDA approved drugs, one already launched and another slated for year end launch?
Disclosing numbers of shares held can be useful to those comparing their own stakes to positions held by others. Of course some investors might be jealous but that's their responsibility.
I disclose my numbers as this helps fellow investors differentiate between serious positions versus casual ones.
Menlo is a major holding for me. I continue to believe the company will do very well when no longer impeded by the pandemic. Patience is key.
To clarify something I'd assumed all would understand:
When a stock experiences a reverse split, shares always rise in proportion to the ratio employed.
If MNLO faces a 1:7 ratio with shares priced at $1, then the post split share will be priced at $7.
As I've said before, it is the nature of all reverse splits that shares immediately price at a multiple of the presplit value.
My posts have no power or control over others.
As for making money with MNLO ?
The story ain't over yet. Since last night I've sold 64,000 shares and now hold $118,600 in cash ready to be applied to fresh shares. If I can get them at $1.40 and below, I'll be well ahead. Anybody following this line of reasoning will enjoy the same level of profitability.
I'd be nicely ahead even if repurchasing at $1.62 but I know I'll do better than that. So I'll be patient.
Interesting stuff here...
Especially when you refer to something "that was."
The story doesn't have an ending yet---at least not in the case of MNLO.
Looking things over just a moment ago, I saw I could gain additional shares were I to repurchase those I've sold since last night in MNLO. But I'd be paying $1.59 for the privilege. Sure, it's cheaper now than my previous sell points but all I'd be gaining is another bunch of shares. Meanwhile, I'm positive shares are going to fall hard on the BOD's final determination regarding the split ratio.
If they reveal the ratio in the next few days as I expect, the bottoming process could take several weeks to settle. So I'll be patient when repurchasing shares. And I'll hope to share ideas with you and others on this board.
Looking forward to resolving this bit of emotional difficulty.
How do you know?
What's your source of information leading you to that conclusion?
Such information could be very important to us longs.
Thanks.