Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[Iona]

Earnings before the bell tomorrow:

[KVB]

Is Eastman Kodak becoming a COVID drug ingredient supplier?

KODK

Regulators might be looking into this stock rise. Some odd timing and press releases in the mix.

[homie1975]

Is Eastman Kodak becoming a COVID drug ingredient supplier?

KODK

Regulators might be looking into this stock rise. Some odd timing and press releases in the mix.

YUP

looks like a potential pump and dumb just like MRNA and a few others have been.

[navyblue81]

What’s up with GAN? Can’t believe it’s dipped under $20. LCA another I’m surprised has been stuck in reverse. Doesn’t seem like sports starting is helping those stocks.

[trobin31]

Xrp & Qualcomm has been good.

Added more of the beaten down Limelight, Graf, GAN and LCA, actually getting to lower my avg here, not worried a bit.

more research required before buying but I like Agora;API . Don’t fully understand everything about it yet but looks like if Twilio fukked Zoom and had offspring it would be named company called Agora. Recently ipo’d last month and looks like it’s consolidating and a good time to invest into early.

[KVB]

BkofAma (BAC) getting some love the last couple of days. I like the cheaper price for the big bank.

Averaging in the low 20's seems like a prudent move.

[trobin31]

BkofAma (BAC) getting some love the last couple of days. I like the cheaper price for the big bank.

Averaging in the low 20's seems like a prudent move.

Was waiting for post Buffett pump and dump to be over, but now seems like a good time.

[trobin31]

Serious question:

if market crashes 50%, I mean any equity or ETF, doesn’t matter, give me top 3 stocks you are buying long?

For me:

1) Tesla
2) SPY
3) QQQ

[chico2663]

Pg
fb
tsla

also aapl 4/1 split end of aug

[chico2663]

Xrp & Qualcomm has been good.

Added more of the beaten down Limelight, Graf, GAN and LCA, actually getting to lower my avg here, not worried a bit.

more research required before buying but I like Agora;API . Don’t fully understand everything about it yet but looks like if Twilio fukked Zoom and had offspring it would be named company called Agora. Recently ipo’d last month and looks like it’s consolidating and a good time to invest into early.

Swks went from 70/143 in 5 months

[Slurry Pumper]

OK so big tech reported and as expected the stock price shot up a bit overnight. I'm gonna look to see if they sell into the rally or if the QQQs can get above the 267.75, 268.51, and 269.85 and close on an hourly basis and then ultimately daily.

The stimulus deal is setting up to be a typical battle that eventually the market will weigh in with probably in short order (couple of weeks).

Looks like Gold didn't pull back that much at all before it took off again. I took some profits earlier this week and I'll be looking to get in again.

Also like Under Armor (UAA) their earnings came in .002 cents below the estimate which I pretty much consider in line and it has been a beaten down stock that is right at a level to pop a little this morning. I'm buying it at the bell if it gets up to $11.93 and we'll see if it runs today. If it does great, but I expect to own it for a month or so.

[HockeyRocks]

serious question:

If market crashes 50%, i mean any equity or etf, doesn’t matter, give me top 3 stocks you are buying long?

For me:

1) tesla
2) spy
3) qqq

crwd

fsly

se

sq and docu.......honorable mention.

[Slurry Pumper]

serious question:

If market crashes 50%, i mean any equity or etf, doesn’t matter, give me top 3 stocks you are buying long?

For me:

1) tesla
2) spy
3) qqq

gld
qqq
amzn

[d2bets]

How is the S&P down with Apple, Facebook and Amazon ripping 4-6% higher on earnings? Aren't those like 15% of the index?

[milwaukee mike]

Serious question:

if market crashes 50%, I mean any equity or ETF, doesn’t matter, give me top 3 stocks you are buying long?

For me:

1) Tesla
2) SPY
3) QQQ

i think you would have to go deep value... if a stock like ko or tap went down 50% that's a no-brainer buy... or some of these solid preferreds like psa that pay 5%, again a no-brainer double back to fair value

but that would never happen from these levels on those particular stocks

[milwaukee mike]

Goat, with the caveat that I am no tax expert, it is my understanding that the difference between short and long term gains is 1 year. In 2008/9 i was trading in and out on a daily/weekly basis thus all were short term gains (Non IRA) and subject to the tax. I'm now trading exclusively my IRA. Anyone want to chip in on how this may come back to burn me please offer. Otherwise on the surface I am trading tax free until I extract from the IRA.

inside the retirement account it makes no difference if the gains are short-term, long-term... if you're making interest or qualified dividends, etc

so my advice would always be to do the worst possible tax strategy INSIDE THE IRA... which means take a lot of short-term risk, collect interest instead of dividends

on the regular non-ira accounts, it makes more sense to do the best possible tax strategy... hold things at least a year, get qualified dividends

most people play it safer with ira $$ but they should do the exact opposite, let's say you want to buy 100k of kndi hoping it doubles back up to 14 or goes to 0... if it goes to 0 you lost 100k but there is a 3k/year limit on capital losses... if it doubles you made 100k and get creamed on taxes

but if you did that inside the ira... on the gains you wouldn't have to pay tax (until you take it out, and you can probably do that at low rates in retirement)... and the tax benefit for the losses isn't limited

[Snowball]

Now is the time for casino and sports buys.

Took my first position in GAN @19.00
it might continue to drop but if it does it will only be a little bit.
So you start buying for the longer term --- where this is likely a 3-4 Billion company easy
and right now the market cap is only in the 500m.

[Snowball]

my GAN buy recommendation on Stocktwits:

[homie1975]

Serious question:

if market crashes 50%, I mean any equity or ETF, doesn’t matter, give me top 3 stocks you are buying long?

For me:

1) Tesla
2) SPY
3) QQQ

QQQ my biggest holding so i would make that #1

BTW and you already know this because you're a sharp guy, but QQQ "only" dropped from the high of 237 to the march 23 low of 167 or so when the fit hit the shan in feb and march. so about 30%

QQQ is very strong thanks to AMZN, AAPL and MSFT being the three biggest holdings

[Slurry Pumper]

my GAN buy recommendation on Stocktwits:

I'm targeting a lower price of around $17.50 for my entry before football starts up. Also looking for the sports league's abilities to operate in this restrictive time and how much buzz they can produce towards the sport. Then finally looking for a public acceptance of the sports leagues new found social status and how it affects the fan levels. All of these are short term concerns that I have, but in the long term, I see GAN as the leader in this sector. Looking at the chart, I agree sellers are drying up and see the support at around the $18 and then a gap to the $17 that hasn't been filled by a daily closing candle. So I'm trying to split the difference and waiting a little longer to start entering in the hopes that the gap gets addressed with a closing candle down around $17. I don't think it actually gets there however so I plan on buying half a starting position at the support of $18 then waiting to see if it will hit the $17 level before buying the rest so I would average $17.50. I'm stopped out at $16.50.

[Snowball]

Slurry, then you have to be OK with missing it.
Remember -- just because support is there, doesn't mean support has to be reached.
It came close today but has reversed well. Remember also the stock has a short history
so technicals haven't been established well.

I do not see any unfilled gap around 17, it was filled 3 times.

[Snowball]

Slurry, then you have to be OK with missing it.
Remember -- just because support is there, doesn't mean support has to be reached.
It came close today but has reversed well. Remember also the stock has a short history
so technicals haven't been established well.

I do not see any unfilled gap around 17, it was filled 3 times.

[Slurry Pumper]

I see GAN's price in the gap 3 times but no closing. 2 wicks and a dogi. Either way I'm slightly in at $18, and your right it might not get to $17 cause it looked like its been in this area a few times but has refuse to go down to that level, but I'll let it try at least before jumping all the way in. If it doesn't even get to $18, then I'll wait for it to break out to new highs at $29 before looking at it again.

[Snowball]

I see GAN's price in the gap 3 times but no closing. 2 wicks and a dogi. Either way I'm slightly in at $18, and your right it might not get to $17 cause it looked like its been in this area a few times but has refuse to go down to that level, but I'll let it try at least before jumping all the way in. If it doesn't even get to $18, then I'll wait for it to break out to new highs at $29 before looking at it again.

It's been a LONG TIME since I've debated that one... whether gaps are filled by wicks or ONLY by closes inside the gap. I don't think it's written in stone, but you would think 3 wicks inside the gap is more impressive than just 1.

There are others. I like Hill also.. just that Hill has less vol and no options because it's an ADR.

[Slurry Pumper]

It's been a LONG TIME since I've debated that one... whether gaps are filled by wicks or ONLY by closes inside the gap. I don't think it's written in stone, but you would think 3 wicks inside the gap is more impressive than just 1.

There are others. I like Hill also.. just that Hill has less vol and no options because it's an ADR.

I think GAN is the best and the one I would like to get , and the gap thing is probably just me. I like to see a little more action in the gap so that is why I like to see closings in the gap. I know a dogi in the gap is really some indecisiveness and a closing as well but the others could have been a few seconds of price movement. Technically I guess it counts, but I still like to see some price action around gap fills. With 3 wicks in the gap it tells me that this stock doesn't like a price that starts with $17 either way.

I don't have any experience with using ADR stocks but I don't see any reason why I wouldn't consider one. Hill is in the FTSE in London Right? I would be more concerned if it was in a market in Pakistan or somewhere not widely known.

[Snowball]

I think GAN is the best and the one I would like to get , and the gap thing is probably just me. I like to see a little more action in the gap so that is why I like to see closings in the gap. I know a dogi in the gap is really some indecisiveness and a closing as well but the others could have been a few seconds of price movement. Technically I guess it counts, but I still like to see some price action around gap fills. With 3 wicks in the gap it tells me that this stock doesn't like a price that starts with $17 either way.

I don't have any experience with using ADR stocks but I don't see any reason why I wouldn't consider one. Hill is in the FTSE in London Right? I would be more concerned if it was in a market in Pakistan or somewhere not widely known.

GAN moved from the AIM (London small cap market) to the Nasdaq instead of staying in the UK because of its business coming here due to the SCOTUS ruling. The only other country it trades in is Germany, priced in Euros. Hill trades in London, where its equity (also has 2 bonds listed) closed at 104. It pays a dividend. The American Depository Receipts (ADRs) are WIMHY. Each share (called an ADS) = 4 ordinary shares.
The ADRs closed today at $5.48. So each share is about 1.37, this matches the current exchange rate. The 104 in London must be lots of 100, as was the old way of minimum purchase, at least 100 or brokers wouldn't sell.
The leftover from this is our options market that uses the 100 lot minimum.

In mid-June, they rose 225 million in a share sale because everything shut down.
Still, Citigroup raised their 12-month target from 130 to 190.
https://finance.yahoo.com/m/4d28ba8b...ls.htmlCurrent 104 in London.

About William Hill PLC
William Hill PLC is one of the world's leading betting and gaming companies, employing c12,000 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its £1.6bn annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. William Hill's European Online business is headquartered in Gibraltar and Malta, and is licensed online in 12 countries following the acquisition of Mr Green & Co AB in January 2019. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada and became the largest sports betting business in the US. Following the ruling in May 2018 by the Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, William Hill US has expanded and continues to expand as new states regulate sports betting. It is now operating in nine states: Delaware, Indiana, Iowa, Mississippi, Nevada, New Mexico, New Jersey, Rhode Island and West Virginia. Eldorado Resorts, Inc. currently owns shares representing 20% of the share capital of William Hill US Holdco, Inc., the holding company of William Hill US.


*Eldorado is now Ceasar.

for this reason, PDYPY - the Paddy Power - BetFair -Fan Duel - Stars Group is expected to list (don't know when) in New York like GAN did, but Hill and GVC are unlikely to do so.
These and Draft Kings are the biggest players you can buy shares of. There are other players in other countries
for example there is Newgioco NWGI that is avoiding the big Anglo-American markets. NWGI and GMBL are new players not established names. 888 Holdings has been revamping too. Others are private entities..
see 888 in London at 183 pounds. Here it's ADR is like 2.40... EIHDF.

[Goat Milk]

Like GAN too off Canuck's rec but worried about football and baseball shutting down

[milwaukee mike]

i don't like GAN at these levels... the path from $30 million to $300 million in revenue isn't an easy one

and it looks like these guys like to issue a bunch of shares... outstanding shares were 19 million at the end of 2018, then 21 million at the end of 2019, now 25 million

i could be proven wrong but i'll wait until i see some execution and proof of it being a real company

[Madison]

inside the retirement account it makes no difference if the gains are short-term, long-term... if you're making interest or qualified dividends, etc

so my advice would always be to do the worst possible tax strategy INSIDE THE IRA... which means take a lot of short-term risk, collect interest instead of dividends

on the regular non-ira accounts, it makes more sense to do the best possible tax strategy... hold things at least a year, get qualified dividends

most people play it safer with ira $$ but they should do the exact opposite, let's say you want to buy 100k of kndi hoping it doubles back up to 14 or goes to 0... if it goes to 0 you lost 100k but there is a 3k/year limit on capital losses... if it doubles you made 100k and get creamed on taxes

but if you did that inside the ira... on the gains you wouldn't have to pay tax (until you take it out, and you can probably do that at low rates in retirement)... and the tax benefit for the losses isn't limited

Many thanks!! Much appreciated.

[navyblue81]

A nice week with FSLY. 25% gain. TTD and SE saw some nice gains to for me. Good to finally see some green this week.

[Iona]

[HockeyRocks]

SQ and FSLY on Weds are big. Especially SQ.

[RangeFinder]

I think we're looking at a sideways market into the holidays, election creates uncertainty along with the shutdowns that nobody seems to know the end comes on that front. There is still a lot of cash on the sidelines waiting to enter the market but won't do so until this uncertainty resolves.

Never been a fan of reading charts, or tea leaves, but right now I think we're in a period of neutral until at least November.

[CanuckG]

Lot of hype around EMFV this week. Tues conference call.

[CanuckG]

i don't like GAN at these levels... the path from $30 million to $300 million in revenue isn't an easy one

and it looks like these guys like to issue a bunch of shares... outstanding shares were 19 million at the end of 2018, then 21 million at the end of 2019, now 25 million

i could be proven wrong but i'll wait until i see some execution and proof of it being a real company

Once they announce the earnings Sept 15 and partnership with Churchill Downs around that time their rev will double. Especially since CHDN just entered Michigan so they'll have Fanduel/BetAmerica Casinos in 3 states. Their earnings will exceed expectations. July numbers already on pace to surpass June. Their stock price keeps dropping because the volume has dropped which I expect to pick up in August prior to their announcement.