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Old 10-30-2020, 07:22 AM
  #10221  
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Originally Posted by GRSC View Post
HTZ halted. Code T1 news pending and D for security deletion.
HTZGQ - onto the pink sheets

All covered in the .80's

Last edited by GRSC; 10-30-2020 at 07:32 AM.
Old 10-30-2020, 08:07 AM
  #10222  
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Originally Posted by coastalfiberglass View Post
So this may be a need a thread all to itself. But can someone explain why a stock can crush earnings and immediately drop? I know some will say “the price already reflected good earnings”, but I’m just not seeing that in many cases. There have been quite a few as of late...
Funny.. I asked the same question here some time back, and I was seeing the same in several stocks.... CAT, GD, and AMZN being the latest one beating the expectations but dropping the very next minute.

To the point of being a buying opportunity:
02/08/2017 Amazon was $840 and goes into the meeting with a $1.41 estimated. It beats the estimated with an actual of $1.54... but next day it drops like a rock.

Knowing nothing about everything I said "AWESOME... let's buy" and I got 25 shares at $805. Absolutely pure and utter luck.
I still keep those 25 shares and it is my best performer...

I'm not trying to give advice. Just sharing my experience. Just so you know how much of a lucky shot that was, I bought RKT at $33.79.
Old 10-30-2020, 09:05 AM
  #10223  
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Originally Posted by coastalfiberglass View Post
So this may be a need a thread all to itself. But can someone explain why a stock can crush earnings and immediately drop? I know some will say “the price already reflected good earnings”, but I’m just not seeing that in many cases. There have been quite a few as of late...
Lots of variables, but some of the more popular reasons could be:

Stock ran up into earning expecting huge beat on numbers (also known as the stock priced for perfection)
Company provides downside guidance on EPS or warns on future growth
A highly growing business segment disappointed - example being the AWS segment of Amazon or services for Apple
Margins were not as expected
Subscriptions were not as expected (i.e. NFLX)
Usage was not as expected (i.e. FB, TWTR, etc.)

Many many more reasons.
Old 10-30-2020, 11:08 AM
  #10224  
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ABBV had a nice pop. RKT and SWBI took a hit.
Old 10-30-2020, 11:11 AM
  #10225  
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Originally Posted by Boataholic View Post
ABBV had a nice pop. RKT and SWBI took a hit.
ABBV looks cheap. I don't why ILMN is getting hit. I bought some GBTC today as another small hedge.

Not doing much if anything until next week.
Old 10-30-2020, 11:23 AM
  #10226  
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ABBV is a good long term. If the market comes in next week I'll pick up more. Really like BA. I have bought all the way down and will buy more if it sinks more. I feel it will have 3 big boosts real soon. Vaccine, stimulus, a max clearance. After that it will be long term gains slowly.
Sold Brunswick , hope Trump wins but I fear if Biden comes in the gas prices will kill the boat industry we will be back in 2010 boating times. BMY is really good deal now . They have great futures
Old 10-30-2020, 11:36 AM
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TSLA and SPR. looking watching these today and next week I think. Might jump in some today.
Old 10-30-2020, 12:07 PM
  #10228  
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Originally Posted by kurttruk View Post
TSLA and SPR. looking watching these today and next week I think. Might jump in some today.
I’m heavy in SPR- they are at the low and seem to have been lefty of cash. Looking for a 3 bagger in the next 8-12mos.
Old 10-30-2020, 03:06 PM
  #10229  
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Bought some WEBL back in after having sold it a couple weeks ago..

Small trading position(not daily)
Old 10-31-2020, 04:54 AM
  #10230  
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Sold some Trulieve TCNNF shares Friday 10-30-2020 at $23.50 ... (3% of my position) - turned around and purchased shares in MMNFF Medmen Enterprises Cannibus. MedMen operates in the heavily regulated and corrupt markets of CA, NV and NY. Profit is harder to come by but the harsh regulatory environment stifles competition so, if you survive, you can dominate that market. Revenue is $150 million, half that of Trulieve but the stock at 11 cents is 219 times cheaper than Trulieve. My bet is that someone will scoop up MedMen even though they have extreme debt at $550 million. The executives of MedMen have around 5 million shares apiece. My guess is they will find a way to make those shares valuable. Right now, their 5 million shares are only worth just over $5 hundred thousand dollars. Analysts call for $2.38 price target. If this thing hits, we're talking Fort Lauderdale point property with 200' dockage. Come on MedMen MMNFF.

I'm leaving the major investment in Trulieve. Trulieve would not buy MedMen without a major funding vehicle to deal with the massive debt of MedMen. Trulieve will not wreck their balance sheet like that. Still, I'm sure they want to find a way.

Trulieve is set to increase from the current $23.54 according to the sharp chart analysts who watch the candlesticks and patterns. The reason to own Trulieve is because of their profitability and balance sheet in a business where most have not seen profit.

Here are a couple of shots of the new boat (right side open bridge). The boat on the left is a 2005 Hatteras 80 enclosed bridge. We are at Las Olas Marina for the month of November.




Last edited by Ormond Bert54; 10-31-2020 at 05:18 AM.
Old 10-31-2020, 05:55 AM
  #10231  
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humble brag?
Old 10-31-2020, 06:41 AM
  #10232  
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Originally Posted by Boataholic View Post
humble brag?
Buy some stock dude.
Old 10-31-2020, 07:05 AM
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Originally Posted by coastalfiberglass View Post
So this may be a need a thread all to itself. But can someone explain why a stock can crush earnings and immediately drop? I know some will say “the price already reflected good earnings”, but I’m just not seeing that in many cases. There have been quite a few as of late...
Because of the thing that makes investing the most difficult - human emotion.

A stock is rising. Everyone wants a piece of the success and buyers show up raising the price even more attracting even more buyers driving the price up....

Until it's obvious the stock is over valued but most are still holding on hoping for more gains. Everybody is scared though knowing it can't last forever. Somebody smart decides to be the first one out and everyone else tries to get off the ship before it completely sinks.
Old 10-31-2020, 08:02 AM
  #10234  
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Originally Posted by Boataholic View Post
humble brag?
this “humble brag” line does get old on this site. There are quite a few successful folks on here, I know I appreciate the post from everyone. Follow the money baby! He’s living my dream, hoping one day I’m spending most the year on a big ass boat! Living the dream I love it!
Old 10-31-2020, 11:17 AM
  #10235  
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Originally Posted by Boataholic View Post
humble brag?
should we hide what we enjoy, good thing he didnt show a pic of 2021 F350 and 911 gt3 parked in front of the viking.

Probably not a lot of newer vikings in marblehead Ohio, down here there a dime a dozen.
Old 10-31-2020, 11:52 AM
  #10236  
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Originally Posted by pathfinder11 View Post
should we hide what we enjoy, good thing he didnt show a pic of 2021 F350 and 911 gt3 parked in front of the viking.

Probably not a lot of newer vikings in marblehead Ohio, down here there a dime a dozen.
Maybe I should post a pic of my 18'McKee Craft. It's not as big but it's a fishing machine!
Old 10-31-2020, 01:00 PM
  #10237  
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Originally Posted by Boataholic View Post
Maybe I should post a pic of my 18'McKee Craft. It's not as big but it's a fishing machine!

the guy with no boat would call that a “humble brag”......
Old 10-31-2020, 01:19 PM
  #10238  
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Originally Posted by Ormond Bert54 View Post

The boat on the left is a 2005 Hatteras 80 enclosed bridge.

Your signature says its a 2006
Old 10-31-2020, 01:47 PM
  #10239  
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Originally Posted by king_me View Post
Your signature says its a 2006
His is an open bridge.
Old 11-01-2020, 04:43 AM
  #10240  
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Originally Posted by king_me View Post
Your signature says its a 2006
There are 2 Hatteras 80"s in the photo. Ours is a 2006 Open Bridge.

Love these stock tips.

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