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You are right that it is old news that WNBD is a pump and dump piggy bank for Eric and the Canouse brothers. Any pump will be dumped on again and again. No meaningful acquisition will ever take place here because of too much debt and too much dilution. It is what it is.
NCMI @1.51 AMC 13g out
RDBX over $4
NU Insiders selling killing it after great earnings report.
rdbx Power of the shorts.
RDBX Running now.
WNBD is still Eric's piggy bank. The Canose brothers are selling shares they were issued years ago almost daily. Gesturetek sold its valuable assets to Qualcomm back in 2011.
https://www.fiercewireless.com/wireless/qualcomm-snaps-up-gesturetek-assets-for-gesture-recognition-smartphones
There is nothing left of them but fluff of we will do this or that. It is sad. Seems like you all would have figured out Eric's game by now
Powell speaks at 2. What will this do for the markets?
You think this will continue higher?
NU Hit 5.01 then crashed down to 4.24.
JOB Pumpers might buy at open. I am bidding and watching closely. Not hitting ask yet. Great earnings report. They will pump it at some point.
NU @4.87 should easily break $5 plus.
Job Earnings from 6 months Ending March 31st 2019 was 66 million dollars with .66 net loss vs 6 months ended March 31st 2022 of 70 million dollars with .15 net gain. Maybe they will pump it tomorrow. I am bidding 10000 shares at .56 I doubt it fills. I am watching closely.
https://www.sec.gov/Archives/edgar/data/0000040570/000147793220002826/job_10q.htm
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000040570/000147793222003517/job_10q.htm
NU How is this for a headline.
'Buffett-backed Nubank swings to profit on strong client base, loan volumes'
https://finance.yahoo.com/news/buffett-backed-nubank-swings-profit-213150000.html
NU @4.70
NU Might make a move after better earnings. You remember its that Warren Buffett Bank stock out of South America.
Good point.
NU Bought a few @ $4.36
JOB @.60 Talk about a dead market. Stellar earnings report. No one interested.
2022 Second Quarter and YTD Highlights
Revenue for the three and six-month periods ended March 31, 2022, were $39.6 million and $82.5 million, up 14% and 19%, respectively, over the comparable fiscal 2021 periods.
Gross profit and gross margin were $14.5 million, or 36.6%, and $30.1 million, or 36.5%, for the three and six-month periods ended March 31, 2022, respectively, both up substantially from the comparable fiscal 2021 periods.
Net income for the three and six-month periods ended March 31, 2022, was $1.1 million, or $0.01 per diluted share, and $17.8 million, or $0.15 per diluted share, respectively, up substantially from the net losses reported for the comparable fiscal 2021 periods.
Adjusted net income (a non-GAAP financial measure) for the three and six-month periods ended March 31, 2022, was $2.2 million, or $0.02 per diluted share, and $4.9 million, or $0.04 per diluted share, respectively, excluding the effects of non-recurring, non-cash and/or other gain and loss items.
Adjusted EBITDA (a non-GAAP financial measure) for the three and six-month periods ended March 31, 2022, was $3.4 million and $7.3 million, up 69% and 31%, respectively, over the comparable fiscal 2021 periods.
Free cash flow (a non-GAAP financial measure) for the second quarter and YTD of fiscal year 2022 were $2.0 million and $4.2 million, respectively, up significantly compared with the comparable fiscal 2021 periods..
Cash of $14.2 million, borrowing availability on bank ABL of $14.1 million, net working capital of $22.9 million and current ratio of 2.7 as of March 31, 2022.
Shareholders' equity of $98.8 million, net book value per share of $0.87 and net tangible book value per share of $0.22 as of March 31, 2022.
During the six-month period ended March 31, 2022, the Company received notification from the SBA that the balance of its remaining PPP loans and accrued interest thereon, $16.8 million, was forgiven.
Several indicators point to market wanting to rally a few days but the market is not listening.
Is there news or a filing of this somewhere? I can not find it. Thank you.
What does INPX have to do with SYSX? Is it a profile mistake or is there some un announced merger so sysx can go to Nasdaq?
Everything running. Is it a trap? Will the up trend continue?
What will the market do this afternoon? Crash and burn or RIP?
CSSE @ $4.70 values RDBX @ .4089 but RDBX has big short forced to cover because it is now UPC restricted. When the covering is done it will drop. I still hold 20 5/20 puts I bought at .15. If it surges again I will buy more puts because it has to drop at some point to it true value.
Uniform Practice Code (UPC) 11830 Restricted Securities
Nasdaq publishes a daily list of securities that are restricted under Uniform Practice Code (UPC) 11830. Under SEC rules, FINRA members may be required to close out short sales in Nasdaq securities that are restricted by this code. Nasdaq requires that all real-time data providers display a restricted indicator for all UPC 11830 restricted securities. In TradeStation, an (R) notation following the symbol indicates that a security is restricted under the UPC 11830.
Currently, UPC 11830 only covers Nasdaq National Market and Nasdaq SmallCap Market securities.
https://help.tradestation.com/10_00/eng/tradestationhelp/data_network/uniform_practice_code_restricted_securities.htm
They are still pumping fear of the worst.
'The stock market will fall another 25% if job growth slows and an economic recession materializes, DataTrek says'
https://www.yahoo.com/finance/news/stock-market-fall-another-25-144505659.html
Of course I know the media is trying to scare this market to death manipulating words and phrases.
BITCOIN Headlines like this does not inspire trust.
'Coinbase warns users could lose their crypto holdings if the company goes bankrupt'
https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5
If the local bank goes BK well its FDIC insured. If your Bitcoin bank goes BK? Oh Well.
RIDE Surging in afters on news. Feels like a trap. I am going to scalp it.
Interesting Coinbase article.
'In a filing with the SEC, Coinbase said that “in the event of a bankruptcy” the crypto assets that the company holds in custody for its customers “could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors.”
https://www.protocol.com/bulletins/coinbase-bankruptcy-sec-accounting#:~:text=In%20a%20filing%20with%20the,as%20our%20general%20unsecured%20creditors.”
I know. Which are your best ones? So many.
Give the man a break. He is like the rest of us in a tough market trying to make a dollar. Everybody has their own style and ideas and sometimes they work and sometimes they dont.
We all get it wrong sometimes but the point is to get it right most of the time and that is what you have been doing. Keep it up.
What are your 5 long term stocks?
If/when I see that I am a buyer.
Big turn now what?
TQQQ out at 29.67
So called experts say we need one day 5%-6% drop to signal bottom.
https://www.bloomberg.com/news/articles/2022-05-09/gartman-says-stocks-in-bear-market-until-a-one-day-5-6-drop
TQQQ at 29.1 for a rip so I do not have to think too much.
I like your 10 year & dollar thing. I have added to my other tools to try to figure things out. I love using VIX because when people get too emotional things are about to swing the other way. This sell off is a little calmer so it might not swing as quick.