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BGFV - it's got the attention of those who consult that S.Alpha "Quant" rating system, because it's right up there ranked among the top several stocks. It was evidently tied for #1 recently.
Also, i heard that it was high up on some IBD list.... Which attracts LOTS of eyes....
MJ stocks -- You could add NEPT, which is an extractor as well as now a supplier of their "Mood Ring" cannabis products to the public through hundreds of retail stores in BC and Ontario.
KDOZF - interesting post, Teomax, i've put up this US OTC ticker on my watchlist.... and will try to get time to research more....
Yeah, the FBI and DHS have shown us that so much info can be retrieved from an apparently re-formatted, cleaned-out computer.
PERI - an old favorite on this board, trading in $19s, hasn't seen these s/prices since summer 2014. Could have bought this one during pandemic in $4s.
My "nemesis" APPS, which i ALMOST (!!!) bought in $4s during pandemic (i was about one button push away from buying 5k shares), now trading in $85s....
BGFV - hitting new HOD and multi-yr highs of 15.50 right now.
Wow, wished i'd re-bought shares when it dipped down to around $12 middle of last week.
Anyway, great to see the continuing strength on this co.
Hey Nelson, did you try adding some memory chips and a cheap keyboard replacement on ol' Betsy? Well, it's a moot point now.
Glad to hear about your Misty cat's love for Betsy. I've had similar situations with our dear cats over the years....
AVNW - the S.Alpha author Henrik Alex, who in the past mainly wrote shortseller pieces, has a big "Buy" recommendation out this a.m.:
Here's the blurb:
Aviat Networks: Buy With Both Hands On Impressive Q2 Results And Likely Conservative Guidance
8:11 am, Thu, Feb. 4, 2021, by Henrik Alex
Summary
Microwave transport solutions provider releases blow-out quarterly results and raises full-year guidance.
While updated projections call for a decline in H2 revenues, management pointed to guidance as being conservative.
Company appears substantially undervalued when compared to peers and particularly its closest competitor Ceragon Networks.
Low valuation, no debt, strong free cash flow, decent profitability and a return to year-over-year growth bode well for the shares breaking out to new multi-year highs.
Get long Aviat Networks with a short-term price target of $75
BGFV - i'm reviewing my file of trading notes on BGFV on volatility; i had written:
On Oct 27, stock dipped to 7.63 then moved up strong to HOD of 8.45, then faded to close ~$8.10. AH (after hours) the record best-ever earnings report (1.31 EPS) initially triggered a super-fast move over $9, then a rapid plunge to $6.80s as some news sites inexplicably reported a “miss on revenues”, before recovering back up to 7.50-7.70 range. Next day, on Oct 28, early in trading it was all the way down to 6.01 (and even hit LOD around 5.98 subsequently that day).
(Less than a month later, on Nov. 23, BGFV was making a new 2-yr high of $10.50)
BGFV - R59, we may get the chance to re-buy lower. Remember what happened when they reported higher-than-estimated EPS for last qtr? The stock spiked then plunged to ridiculously low levels.
Maybe the same will happen this time....
We ought to keep close watch-- if this falls back to $11 or $10 (yes, it dropped huge last time), depending on the kind of guidance given for next qtr and this year, i'd be backing up the truck to buy a ton of shares.
FIII - good extra info there, it means that Alpine is only growing more confident in their stake in this new EV manufacturer here in the heart of USA.
FIII - 13g ownership statement filed today; Alpine Global now owns 8.3% of shares-- 2,135,268 shares. Maybe the stock re-sets higher if/when the mkt notices....
APT - ah, i should have been re-buying in $13s the other day but it's been one very busy week and i've missed some re-buying opportunities on some of my favorite swing-trade stocks BGFV, LMB, and APT.
SINO -- thanks for that. I no longer follow the co. since it became far less clear what was going on with that big "related party" fellow (Zhang, if i recall his name).
I find it hard to believe that suddenly SINO has the personnel who are expert in bitcoin mining, but who knows?
Glad to know that any longtime bagholders on this one can exit if they wish with a nice profit!
Very interesting post, BTuna! Thanks for the "onsite reporting"!
HALL - i bought some shares at 3.29 in early Jan., had been hoping it would dip back under $3 in Dec on tax-loss selling.
But i sold (too early) at 3.44 when i noticed that projected EPS for 2021 was slashed by the analysts by something like 60% or 70% if i recall correctly.
[UPDATE EDIT: the 2 analysts posting for Thomson Reuters are estimating 0.10 and 0.35 EPS for 2021, for an avg projection of 0.225 EPS-- this is down from the 0.95 EPS projected up to just 90 days ago, according to FinanceYahoo]
Anyway, big congrats, guys, on holding those shares through the nice upward revaluation.
BGFV - yeah, new multi-year closing high.
I missed re-buying shares on the dip last Friday down to 12.90s. Was hoping for about 12.70 to start rebuying. Great close in 14.40s after earlier LOD today at 13.26.
FIII - congrats, 2morrows, you've got a cost-basis lower than mine by 44 cents
I've noticed a lot of names in the EV/battery space have been weak lately; this one (FIII) has been all over the place (up and down), as you can see from the daily chart.
I think it gets bid up higher as the mkt anticipates news later in Q1 on the completion of the merger. There's no good reason for it not to go through.
The nominating of independent directors is hopefully "tentative confirmation" of that fact!
ELMS (which will be the new Nasdaq ticker for the merged co.) is promising to have the first Class I EV delivery van on the market.
Obviously, the trend is for more and more deliveries of products (and services?) to people's residences. I know with my wife's shopping habits, the Amazon delivery van is here a few times a week!
On Silver, from S.Alpha email this a.m.:
Hi-ho, Silver! Away!
The market moving power of amateur traders is continuing into the new week as the WSB/Reddit crowd turns their on sights silver after pumping up shares of GameStop (GME) and other heavily shorted stocks. COMEX silver prices are up 11.2% to $29.92/oz., the highest level since mid-August, following a 6% jump last week that boosted silver mining firms. On Friday, almost $1B already flowed into iShares Silver Trust (NYSEARCA:SLV), the world's largest ETF backed by silver, according to fund sponsor BlackRock (NYSE:BLK).
U.S. bullion broker Apmex has also disclosed a 1-3 day delay in processing silver transactions, while Money Metals and SD Bullion warned of unprecedented demand. Some on Wall Street were already positive on silver's outlook as part of a broad upswing in raw materials, with Goldman Sachs calling last week for a $30/oz. price target. Others, like analysts at Commerzbank, see the latest retail frenzy "not lasting all that long."
Premarket: First Majestic Silver (NYSE:AG) +40%, [Silvercorp (SVM) up over 30%, Hecla (HL) up over 24%], Pan American Silver (NASDAQ:PAAS) +17%, Coeur Mining (NYSE:CDE) +23%.
Elsewhere, COMEX gold is up 1% to $1868.20/ounce, while palladium is 3.7% higher.
Bigger picture: This squeeze here is aimed at banks by forcing physical delivery of silver into vaults. The Silver Trust ETF is backed by physical silver, meaning the precious metal needs to be purchased when new investments are received. However, retail traders may find it harder to influence silver prices, compared to a single stock, given the large off-exchange market for the precious metal in which banks trade on behalf of clients.
Flashback: In 1979-80, the Hunt brothers attempted to corner the silver market by buying up one-third of the entire world supply (other than that held by governments). Within a year, the price for silver jumped 713% to a record high of $49.45 per troy ounce, but later collapsed in an event called "Silver Thursday." COMEX adopted "Silver Rule 7," which placed leverage restrictions on the purchase of commodities on margin, and the Hunt brothers had borrowed heavily to finance their purchases.
Silver miners put up a big morning move on Friday but then faded.
If that happens to day, i may re-buy shares, but am not going to chase here pre-mkt.
Silver miners-- hey, i had 1.6k shares of SVM and 1.9k shares of HL and sold them on the pop last Thursday for relatively small gains (a few hundred bucks), missing Fri's really nice gain and now the even bigger move this a.m. pre-mkt......
The reason i sold last Thurs? They had both been trading very weakly in prior days and i thought they might just fall right back down.
Little did i know that the momo players / short-busters were going to jump in that same afternoon!
BGFV - i think you've raised some valid points, Wade. However, i think the co. is also becoming well positioned with that growing cash stash and debt-free balance sheet to expand operations or buy some EPS growth. That could take any number of forms....
E.g., with COVID having decimated so many businesses, it would be easy for Big5 to open up very low-rent stores in new locations.
Or acquire some profitable business.
The answer to the vague news announcement:
Andrew Left stated that his Citron co. will no longer be publishing shortseller research:
https://finance.yahoo.com/news/citron-stop-publishing-short-selling-160123895.html
Hey, i hope you've been profiting "strongly and bigly" off some of those momo-flyers!
BGFV - it would have been so much simpler had i just bought my initial intended position of 10k shares back in $2.60s and just held on until it hit upper $13s.
Instead, i've been in and out like 8 times, holding anywhere from 1k to 8k shares (most recent trade: 4k shares), and overall gained about $50k. I also left at least $25k on the table by often selling or buying a bit too early.
But had i just bought those 10k shares back in July in 2.60s, i could have easily netted out over $110k.
BGFV - wow, on this red mkt day, it's almost completely re-traced back down, now back under $13 after HOD of 14.48.
If it goes to mid-12s again, i'll be re-buying shares.
BGFV currently is ranked #1 top buy in the S.Alpha "Quant" list of best stocks for value, growth, profitability, etc..
FIII - i was buying heavily on this EV name today in low $12s, where it's currently wallowing Just missed being able to get some more in 11.60s when it only fell to 11.77 LOD. On this red market day, the stock broke under its apparent support level-- the rising 50dma.
This SPAC FIII (Forum III) is to merge with EV commercial delivery van manufacturer ELMS. To date, ELMS has over 30,000 pre-orders from customers including leading brands and some of the largest fleet managers and dealers in the country. The orders represent over $1 billion in revenue. Electric Last Mile has named Walmart, FedEx Corporation, Ryder System , Ikea, Penske Automotive Group, and Hertz Global Holdings Inc as customers. And a new independent board-member nominee is the former CFO of UPS.
Moreover, the former Hummer plant where ELMS will be manufacturing the vans fits right in with the former provenance of new Dept. of Transportation head Pete Buttigieg, as a poster noted the other day at Stocktwits:
Pete Buttigieg was the former mayor of South Bend, Indiana, which includes Mishawaka, where the old Hummer plant is. Mayor Pete is Biden’s nomination for Secretary of Transportation. Biden wants to electrify all government vehicles - which falls under Sec of Transportation’s responsibilities. Pete without a doubt knows about ELMS and puts ELMS in the driver seat for some government contracts in my opinion. This [stock] needs a hell of a lot more attention.
There's a massive load of talent at the mgmt and board-director level.
Here's the P.R. from the other day with details on their impressive vitae. I rearranged the last two directors to put their vitae up front, since these two guys (James Taylor, Jason Luo) are also the top officers for the merged co.:
---------------------
Electric Last Mile and Forum Merger III Corporation Announce Board of Director Nominees for Post-Combination Company
•
Mon, Jan 25, 2021, 5:00 AM
Seasoned leaders bring experience across emerging mobility technologies, software and data connectivity, vehicle distribution and commercial delivery
Electric Last Mile, Inc. (ELMS), a commercial electric vehicle (EV) solutions company, and Forum Merger III Corporation (NASDAQ: FIII, FIIIU, FIIIW) (Forum) today announced the nominees for the board of directors of the combined company that will result from the previously announced combination of Forum, a special purpose acquisition company, and ELMS. The director nominees bring decades of leadership across the technology, mobility and commercial delivery sectors. Following the proposed business combination, the common stock of the post-combination company is expected to continue to be listed on The Nasdaq Stock Market.
The director nominees for the post-combination company are former UPS CFO Richard Peretz, Sense Photonics CEO and former Google automotive services program lead Shauna McIntyre, CDK Global CEO and former Intel CEO Brian Krzanich [CDK Global provides integrated technology solutions to over 30,000 Auto, Truck, Motorcycle, Marine, Recreational and Heavy Equipment dealers worldwide], Raymour & Flanigan Chairman and CEO Neil Goldberg, Forum’s Co-CEO and CFO David Boris, ELMS Co-Founder and CEO James Taylor and ELMS Co-Founder and Executive Chairman Jason Luo. Messrs. Goldberg and Boris currently serve on the board of directors of Forum.
"I look forward to working with such a seasoned and diverse board of directors as ELMS prepares to begin production of its first vehicle," said ELMS Co-Founder and CEO, James Taylor. "The directors’ collective experience in emerging mobility technologies, software and connected data, automotive distribution and commercial delivery aligns with our future business strategy and will help us to execute our shared vision of transforming the last mile delivery market with efficient and sustainable solutions."
James Taylor, Co-Founder and CEO, Electric Last Mile, Inc. (ELMS)
Seasoned Leader of Global Automotive Brands
James is a highly accomplished automotive executive with over 30 years of experience building and leading global automotive brands. As Co-Founder and CEO of ELMS, he is now applying his extensive experience to disrupt the commercial last mile delivery sector. James has spent the last decade in the emerging EV segment, most recently as CEO of SF Motors and Chief Sales and Marketing Officer at Karma Automotive, where he established the company’s brand and market positioning and built a successful network for sales, service and distribution focused on providing a world-class customer experience. James was previously one of the founding members of Workhorse Group and served as the company’s Chairman and CEO. During his tenure, he raised capital investments and pivoted the company’s focus from the electrification of cars and SUVs to medium duty commercial trucks. Earlier, James ran some of General Motors’ most well-known and unique brands, serving as President of Cadillac and CEO of Hummer. James graduated from McMaster University with a degree in Mechanical Engineering and Business.
Jason Luo, Co-Founder Executive Chairman, Electric Last Mile, Inc.
Leader in Automotive Safety with Proven Record of Shareholder Value Creation
Co-Founder and Executive Chairman of ELMS, Jason brings senior leadership experience from some of the world’s most prominent automotive OEMs, mobility safety companies and private equity firms. In addition to ELMS, Jason is currently an Operating Executive at Crestview Partners, a private equity firm focused on industrials, media and financial services. Earlier, Jason was Chairman and CEO of Ford China, where he oversaw all operations for the 1.2 million vehicle business and the company’s joint venture partnership with Changan Automobile. Previously, Jason served for nearly a decade as CEO of Key Safety Systems (now Joyson Safety Systems), one of the largest automotive safety companies in the world. During his transformational tenure, he expanded Key Safety Systems’ global operations and led an active M&A program that saw the company’s acquisition by Crestview Partners, FountainVest Partners and later Ningbo Joyson Electronic Corp. His tenure culminated with the company’s acquisition of Takata Corporation for $1.6 billion, creating the second-largest airbag maker globally with $7.5 billion in annual sales and more than 60,000 employees. Jason currently serves on the board of directors of Accuride, Elo Touch Solutions, ATC Drivetrain and Sybridge Technologies. He was named the Regional Entrepreneur of the Year in 2015 by Ernst & Young for entrepreneurial excellence in the automotive supplier category.
Richard Peretz, Former CFO, United Parcel Service [UPS], Inc. (UPS)
Fortune 50 Financial Leadership and Global Last Mile Delivery Expertise
Independent Director Nominee
Richard has nearly four decades of financial and operating experience in the last mile industry. As CFO and a member of the UPS Management Committee, Richard oversaw all financial operations and served as the company’s senior liaison to the investor, finance and analyst community. He brings significant international experience, having served as International Chief Financial Officer, during which time he opened UPS operations in China. Richard also helped expand the company’s international small package footprint in Poland, Japan, the United Kingdom, eastern Europe, South Korea, Vietnam and Costa Rica among others. Richard also brings extensive operations, leadership and M&A experience, having overseen the acquisitions of healthcare companies Polar Speed, Poltraf, Cemelog and Pieffe Group, as well as the acquisitions of iParcel and Kiala to strengthen UPS’s business-to-consumer portfolio. He also was a member of the team that managed UPS’s initial public offering in 1999, at the time the largest in U.S. history.
Shauna McIntyre, CEO, Sense Photonics, Inc. and Former program lead, Google automotive services, Alphabet, Inc.
Operating Executive at the Intersection of Technology and Mobility
Independent Director Nominee
Shauna is a seasoned executive with operating experience at the intersection of technology and mobility. Since April 2020, she has served as CEO of Sense Photonics, Inc., a 3D vision company building high-performance, mass manufacturable LiDAR solutions for next-generation transportation needs. She previously led Google’s automotive services program, during which time she released Google products, including Google Maps, into automakers’ new vehicle models. Prior to this, she served as Chief of Staff for Google’s consumer electronics division, which combines the best of Google AI, software, and hardware. Shauna earlier led the U.S. New Mobility Practice for management consulting firm, Egon Zehnder, and was VP of Honeywell’s Commercial Vehicle Turbocharger platform. Shauna began her career at Ford, where she automated manufacturing plants overseas and led final assembly production, and later joined McKinsey & Company as a management consultant. Shauna holds a Bachelor of Science and Master of Science in Mechanical Engineering from UCLA and UC Berkeley, respectively, and an M.B.A. from the Harvard Business School. She is the co-founder of the North American Council for Freight Efficiency (NACFE). Since 2019, she has served on the Board of Directors of Lithia Motors (NYSE: LAD), one of the largest providers of personal transportation solutions in the U.S.
Brian Krzanich, CEO, CDK Global LLC and Former CEO, Intel Corporation
Leadership Across the Technology Ecosystem and in Manufacturing and Supply Chain
Independent Director Nominee
Brian is an experienced leader of companies developing transformational technologies. He is currently CEO of CDK Global LLC (CDK Global), which provides integrated technology solutions to auto, truck, motorcycle, marine, recreational and heavy equipment dealers worldwide. Prior to joining CDK Global, Brian served as CEO of Intel Corporation from May 2013 to June 2018. As CEO, Brian led Intel’s transition from a PC-centric to a data-focused company and oversaw the acquisition of emerging technology companies such as autonomous driving company Mobileye. Brian also led the transformation of Intel’s workforce, pledging to invest $300 million to improve diversity at the company. He joined Intel in 1982 as an engineer, ultimately serving as President and General Manager of Assembly and Test, SVP and General Manager of Manufacturing and Supply Chain and EVP and COO, responsible for global manufacturing, supply chain, human resources and information technology. Brian currently serves on the Boards of AMS AG and Footprint US. He previously served on the Boards of Deere & Company and Semiconductor Industry Association, as well as the Chair of the FAA Drone Advisory Committee, which advises the Federal Aviation Administration.
Neil Goldberg, Chairman and CEO, Raymour & Flannigan Furniture and Holdings
Experienced Retailer and Real Estate Developer
Independent Director Nominee
Neil has 45 years of retailing, merchandising and general management experience. He currently serves as Chairman and CEO of Raymour & Flannigan Furniture and Holdings, one of the largest furniture retailers in the U.S. Over his tenure, he has led the growth of Raymour & Flannigan from three local stores in 1972 to its current 130 locations across seven Northeast states, employing more than 6,500 people. In addition, Neil has been active on numerous national industry boards including the National Home Furnishing Association, the Home Furnishing Council, the American Furniture Hall of Fame and FurnitureFan.com. He has also participated on the board of local and national charitable organizations including the HSBC Bank Regional Board, the Metropolitan Development Association, Say Yes to Education, the Salvation Army of Central New York and the Syracuse University School of Management. Neil served as a Director of Forum Merger Corporation and Forum Merger II Corporation and currently serves as a Director of Forum.
David Boris, Co-CEO and CFO, Forum Merger III Corporation
SPAC Pioneer with Significant Financial and Capital Markets Experience
David has over 30 years of Wall Street experience in mergers and corporate finance and has been involved in approximately 20 SPAC transactions as a board member, underwriter and M&A advisor, including ten business combinations totaling over $5.0 billion. He is currently Co-CEO and CFO and a Director of Forum and a Director of Tattooed Chef, Inc., which completed its merger with Forum Merger II Corporation in October 2020. David previously was a Director of ConvergeOne (NASDAQ: CVON), which merged with Forum Merger Corporation in a business combination. Earlier, David served as Senior Managing Director and Head of Investment Banking at Pali Capital, Inc., an investment banking firm, and prior to this was a founding member and Managing Director of Morgan Joseph & Co. Inc.
Forward-Looking Statements
This press release includes "forward-looking statements" [...]
BGFV - hard to know if any short-sellers will try re-entering positions here or many other names after they've been incinerated by the WallStreetBets and other roving gangs of shortseller-fryers.
AMRK - i'll look at this one. I notice the silver miners seem to have faded a bit from the strong pop pre-mkt and at open....
BGFV - great strength today, up over 10%, hitting over $14. I sold last of my shares a bit too low, at 13.71, for overall gain (on this 8th swing trade) from $11.40 to about $13.80.
"Modest gains" when compared to the 500% to 2,500% runners (i've missed all of them)....
P.S. - short interest came down even further to just 1.4M shares short, at least by Jan. 15 (last period available), according to latest numbers showing at Nasdaq.com this morning.
That's way down from the more than 4.5M-5.2M shares short much of the past year months or so....
Looks like silver and miners may be pumped by the momo folks....
AG up, so also names like HL and SVM, which i just sold yesterday on big morning pops. I was glad i sold, because they subsequently both faded but then closed strong later in the day, right back up to around where i sold them.
And now this a.m. they're trading pre-mkt significantly higher (circa 10%)....
I read that some poster on Redditt invited everyone to push heavily-shorted silver from $25 to $1,000 to topple JP Morgan!
Some newsletter gurus are talking about this from yesterday afternoon onward.
BGFV - i saw that S.Alpha just put out a daily summary of their "Must read" articles, and the first one is from a longtime money manager on S.A.'s top recommended stocks as much more reliable than short-squeeze runners like GME.
BGFV is at the top of their list of recommended stocks:
https://seekingalpha.com/article/4401544-next-gamestop-highly-shorted-stocks-are-popping-on-verge-of-crashing
I don't know how much traction the stock will get from this....
APT - yeah, you would think this would shoot higher on spread of mutant S.Africa Covid-strain, but i think today was just a big profit-taking / consolidation day, especially with IWC (microcap index) sharply in red.
Looks like good support at the 26dma at 13.55 presently. Stock only hit LOD of 13.95. If this fell back into mid $13s i'd be a likely buyer of shares.
Curiously, whereas the SPY is up nearly 2% and the IWM (smallcaps) is flattish, the IWC (microcaps) is down about 1.5%.
KBSF - a China-based stock. Anyone thinking of this should be careful.... Jmo.
The question is whether you could get banks / funds to buy such insanely priced shares.... Mgmt of these cos. probably realize if they did a share offering they couldn't get any takers....
FIII - this very promising EV company (FIII is a SPAC that is merging with ELMS) is about to start production of a class 1 delivery van at its newly converted Hummer plant in midwest, with 30,000 vehicles pre-ordered by major firms already. Check out my prior post on this one.
Stock was recently wallowing down near support levels, hit LOD today of 12.61, rebounded up to $13.30s, then suddenly spiked sharply to HOD of 14.98. My autosell at 13.98 sold (my cost-basis was 13.26) so i missed out on extra gains by not setting autosell up in mid $14s.
Within an hour, the s/p retraced down to support/resistance levels around 13.50 so i bought more at 13.50 and will buy heavier if it falls back to around $13 or lower.
P.S. - merger is expected to complete before end of Q1; meanwhile, news yesterday that roster of board members has been finalized.
There's a LOT of proven expertise in the ELMS / FIII team, including former CEO of Hummer (for GM) and former CEO of EV co. Workhorse.
BGFV - after failing to surpass $13 this a.m. naturally it had to check out support and fell to LOD of 11.91, then got stuck for most of the day around its 9dma at 12.38. Just about even for the day now, maybe turns green.
I still think this heads back to upper $13s and over $14 on great ER after prelim report giving guidance for between 0.90 and 0.93.
BGFV - good trading!
Yeah, markets have reversed and plunged a bit on poorer-than-expected Intel and AmEx earnings reports.