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Savvy investors know which way this will be heading. Expect low to mid 70s before 4pm. Screaming buying opportunity at this level.
As always, simply my opinion.
Agreed, modrica. I have been taking a beating on my $1 call option contracts thus far, but luckily the lion's share of them have fairly safe expiration dates. I expect them to be in-the-money over the coming weeks.
As always, simply my opinion.
RAD
With more than 2000 active call contacts with a strike price of $1, I definitely welcome this news.
RAD
Just added 500 more July $1 call contracts.
I added a couple hundred more $1 July call contracts. The market cap here is way too low for a company with $21.5 billion in annual sales and not very close to chap 11. As always, simply my opinion.
Having a rough day, but bounced nicely off of the support @ .80. Looks to be recovering a bit. Several months is more than enough for a significant profit with strike price 1.00 calls. As always, simply my opinion.
"Looks to me to be headed down. Hope you bought some long term calls."
RAD
I now have five figures invested in RAD option contracts (calls), betting on an upward bounce in the next few months. Nearly all have a strike price of one dollar($1).
RAD
For RAD, I expect a quick dip and then a rip upward on Monday (or Tuesday, the latest). I recall that Sears (SHLDQ) spiked 140% intraday the day after they filed for Chap 11 Bankruptcy. It is counterintuitive, but often when the event is baked into the price (like a reverse split to get the price up), the stock rallies for a short run after the action/eveny is finally announced.
As always, simply my opinion.
RAD
Rite Aid is currently doing annual revenue of around $21 billion. Given the fact that they are nowhere near best of breed in the retail pharmacy space, let's suppose they were worth just one-tenth of the *valuation of the average healthy large cap company. That would mean they were worth around $3 billion. Given that there are approx 1 billion common shares outstanding, the common stock would be worth at least $3 per share (nearly quadruple of where it currently stands).
Now if there were a strong possibility of a near-term bankruptcy, the fair value of a share of Rite Aid might be much lower. But given that Rite Aid reported a profit for two of the last four quarters, that risk would seems to be very small. Based upon all this info, there seems to be a strong opportunity for an upside move for RAD in the near future.
As always, simply my opinion.
*The avg publicly traded large cap trades for about 1.5 times trailing annual revenue.
RAD
This third push at .80 today might have the steam to bust through.
As always, simply my opinion.
RAD
SHLD(Q) (Sears) was dropped from main NASDAQ, for the same reason, toward the end of October of 2018. That stock stabilized very quickly and proceeded to go up a significant percentage almost immediatedly. I am data driven...
If Rite Aid was healthy and an average performer, the stock would most likely be in the neighborhood of $20+ per share (based upon 1.5 times annual revenue). If we assume a reduction of 90% in value due to it being a poor performer to their peers (CVS, Walgreen Boots, etc), then $2 - $3 would be a fair value. That is very far from where it is right now.
As always, simply my opinion.
A delisting from the NYSE would have little impact to the stock price, at this level. The average large cap company trades at about 1.5 times annual sales. Rite did about $21 billion in revenue over the past 12 months (1.5x
times $21 billion would be over $30 billion), and currently has a market of below $1 billion. It is basically priced as if bankruptcy was nearly certain. But since Rite Aid has been profitable in several of the past 4 quarters, bk is far from a certainty. Based upon this info, I expect RAD to bounce significantly from this level.
As always, simply my opinion.
RAD
The average publicly traded company trades at about 1.4 times annual sales. Muscle Pharm, as beaten down as it is, currently trades at about .14 times annual sales (before any dilution to resolve the convertible debt). That is a 90% reduction from the average. While Muscle Pharm deserves to trade way below the avg publicly traded company (due to a long history bad mgmt decisions), a 90% reduction from the avg is probably a bit much. I fully expect an upward bounce from this level. And I expect that to occur sooner rather than later.
As always, simply my opinion.
MSLP
It is sometimes said that volume is the great truth serum. And with all of this trading volume, the current price must be telling the truth right?. As I stated before, I'd sure hate to be covering a significant short position in this low volume environment.
"And now the "ask" is down -20% from his recommendation. So much for the spread excuse, huh? Wynnefield is down double digit % on their new buy of 15K shares but what's new? Wynnefield is down over -90% on their $10m long position. Amerop is down -60% on their $5m+ long position. See a pattern? "
MSLP
Nov 4 (Reuters) - Sears Holdings Corp is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing package that would help it avoid liquidation, people familiar with the matter said.
The negotiations come at a critical time for Sears, as it needs enough money to keep its shelves stocked during the holiday shopping season and retain enough support from creditors and vendors to emerge from bankruptcy proceedings.
Sears filed for Chapter 11 bankruptcy on Oct. 15 with a plan to close about 142 of its 700 stores by the end of the year, throwing into doubt the future of the 125-year-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.
Lampert's hedge fund, ESL Investments Inc, is weighing partnering with other potential lenders to contribute up to $450 million in bankruptcy financing in exchange for key collateral that Sears' banks currently hold, which includes some store leases, the sources said.
In return for giving up their claims on the collateral, the banks would be given the opportunity to reduce their exposure to Sears by contributing $150 million to the bankruptcy financing, rather than the $300 million originally promised.
The maneuvers would have the combined effect of boosting the current overall bankruptcy-financing package from $300 million to up to $600 million.
The negotiations remain fluid and the contours of the deal, including the amount of money lenders would extend, could change, the sources said. The sources declined to be identified because the negotiations are confidential.
A Sears spokesman declined to comment.
link:
https://www.foxbusiness.com/retail/sears-chairman-lenders-seek-bankruptcy-loan-breakthrough-report
Do you think the bid/ask spread of about 20% at the time of the trade had anything to do with the math that resulted in a 20% drop on that one trade? BTW, I am glad to be long on this stock (although I'm way down from my cost basis) at the moment. Because if I was short a large number of MSLP shares, covering on this very thinly traded stock would scare the wits out of me.
As always, simply my opinion.
"Nice Pop Odessa!
Down -20% on just 2k shares traded. Keep up the great trading advice! "
MSLP
Agreed, rokkdatstock (on both counts). I do not have the functionality to private message back.
"Despite the noise SHLDQ is a great play. "
SHLDQ
"Here's why you're going to get burned flipping BKs, like Sears. The short term movement is utterly random and can't be predicted.": Incorrect. I don't think I've ever seen random stock movement. People generally decide whether to buy or sell based upon rational thought.
"Charts are worthless."
It is actually the opposite. Charts, although far from perfect, and generally very useful in assessing the future movement of a stock.
"Then you have spreads, fees, commissions and perhaps taxes. Flippers are wrong about 52-53% of the time. Do enough flipping (and many players do tons of flipping), you'll eventually lose everything."
You are absolutely correct that if your trade sizes are small enough, the associated costs will destroy any chance of making money. However, you do not know the trade sizes of all who are trading, so you can not know whether the associated trading costs are even relevant. And regarding capital gains taxes, if one were to avoid potential income in order to avoid paying taxes, that person should avoid the stock market altogether (except for a tax deferred retirement account).
As always, simply my opinion.
---------------------------------------------------------
[original message]
Here's why you're going to get burned flipping BKs, like Sears. The short term movement is utterly random and can't be predicted. Charts are worthless. There are academic studies on those points. Then you have spreads, fees, commissions and perhaps taxes. Flippers are wrong about 52-53% of the time. Do enough flipping (and many players do tons of flipping), you'll eventually lose everything.
Have a Good Day.
A 'tank' was involved, but a green tank, like one filled with algae.
SHLDQ
9/4/2018 8:44:04 AM
rokkdatstock Member Level Friday, 10/26/18 12:19:54 PM
Re: None 0
Post #
3336
of 3358
.218? Glad I didn't sell at .18 and glad it's not halted today....This will redefine the word "tank" completely
Greater than .18 might happen as early as this afternoon.
BoilerRoom Member Level Friday, 10/26/18 11:01:30 AM
Re: None 0
Post #
3293
of 3302
Wooooh glad I sold this at .18 yesterday. Probably never get that high again
SHLDQ
Is it the volatility that you are avoiding, because I welcome it. That's how money is made. As a retired lawyer with knowledge about BK, you must be aware that these things take time to process in the courts. That ensures that trading will continue on SHLDQ, and that's the recipe for making money here.
As always, simply my opinion.
SHLDQ
bar1080 Friday, 10/26/18 10:46:30 AM
Re: josh_c1981 post# 3287 0
Post #
3290
of 3300
BTW, I'm no noob. I'm a retired lawyer who knows a ton about BK law and retailing. Wouldn't touch SHLD long or short.
And I do know poop from Shinola! GL
I completely agree.
stockdawg44 Member Level Friday, 10/26/18 08:23:28 AM
Re: Chebaccastocks post# 3253 0
Post #
3256
of 3267
Buy the dips, it will rip to +.20 quickly once naked shorts cover more and the mm's are ready to let it go......
SHLDQ
Probably not much. Would love to see .10. Then I'd add another 10000 shs to my 15000. I wouldn't be surprised if she goes green today.
As always, simply my opinion.
BoilerRoom Member Level Friday, 10/26/18 03:41:28 AM
Re: None 0
Post #
3248
of 3266
Wooooh wonder how far this drops today???
SHLDQ
If it continues the downward slide to .05 over the coming days, then I would probably agree with your statement below. If, however, today's low of .152 turns out to be the approximate bottom, I think SHLDQ will easily see .40+ again. Let us not forget that about the time Sears filed chap 11 (last Mon or Tues), the stock had an intraday pop of 122% -from .31 to .69- (but gave back much of those gains by the close).
---------------------
"This will never see .40 again. NEVER"
No doubt...
SHLDQ
Exactly.
SHLDQ
stockdawg44 Member Level Thursday, 10/25/18 03:18:53 PM
Re: Odessa99 post# 3148 0
Post #
3150
of 3152
SHLDQ will eventually bounce to .30+....naked shorts mm's are begging you to sell...lmao...lmao....know the game!!!
The company is done, and the common shares of SHLDQ are surely going to zero when all of the legal/court activity has concluded and the ticker dies. The trading in this stock in the meantime, however, is far from over. Watch what happens when it finds its bottom.
As always, simply my opinion.
------------
Yea this company is done. Wish I was wrong but I’m not
SHLDQ
Just added 5000 SHLDQ shares @ about .174. Now hold 15000 shs. Prepared to buy more should she go lower.
--------------------------------------------
Just added 7000 SHLDQ shares, own 10000 in total. I have no doubt the shares purchased in the low 20s today will be profitable in the very near term.
As always, simply my opinion.
SHLDQ
Great point, Rainmaker. Tax loss carryforwards serve to reduce tax payment obligations in the future (should that org ((or a properly structured successor org)) ever become profitable).
---------------------------------------------------------------
"Sears' most valuable asset could be its billions in losses"
SHLDQ
Not sure why there would be any confusion with my post. If I bought option contracts, I would have posted that rather than stating that I added 7000 shs of SHLDQ today, bringing my total current position to 10000. I currently own 0 options in SHLDQ.
SHLD(Q)
Just added 7000 SHLDQ shares, own 10000 in total. I have no doubt the shares purchased in the low 20s today will be profitable in the very near term.
As always, simply my opinion.
SHLD(Q)
Welcome back, Neuronal. The chart is looking like a flag and pennant formation... might be due for a pop here.
As always, simply my opinion.
MSLP
Good to see you here, old friend. I opened a small position in this recently. Intend to buy more on the way down, if the decline should persist. I expect a nice pop at some point during all of the shuffling of legal court papers (over the next few months). Best of luck to you.
SHLD
Nice visibility for the Bergio jewelry store on the Ocean Resort casino website.
website link (must scroll down about half a page):
https://www.theoceanac.com/amenities/shopping/
image link:
http://tinypic.com/r/2q8dgma/9
BRGO
I think people will realize (a little later today) that this is not a dilution event. And when then occurs, the buying frenzy will ensue.
As always, simply my opinion.
COTE
Thanks for reply... didn't know that was their website.
I'm a bit confused about one thing. Why is the announcement of the reverse split posted on a numismatic (coin) site? I was unable to locate the 'notice to stockholders' on a more official site (such as the disclosure section of otcmarkets.com site. Is this news posted anywhere else?
Looks like GGII might be leveling up today. There has been solid support in the trip 3 to trip 5 range after the recent pop to trip 8 earlier in the month.
As always, simply my opinion.
GGII
We've begun to move up the most posted and most read boards again. The chart seems to indicate a resumption of the price uptrend today.
As always simply my opinion.
DSGT