2021 Stock Market

[frackincygy]

The ATNF train looking good on the daily chart, recovering from the failed SPAC merger and phase 3 data has all been received:

View attachment 84697

Phase 2b data will be released circa Q4. I still have reservations about their cash position but I hope this is one of those cases where I look back and go "Wow I missed the boat on that one" (similar to not buying $NVAX anytime between 2019 and end of 2020)

 

[NATEizKING]

View attachment 84699
Phase 2b data will be released circa Q4. I still have reservations about their cash position but I hope this is one of those cases where I look back and go "Wow I missed the boat on that one" (similar to not buying $NVAX anytime between 2019 and end of 2020)

Phase 2b/Phase 3 were combined, there was talk by the CEO of results being released Q3 as well but would not count on anything until Q4 (under sell over deliver). The Dupuytren's Disease and Frozen Shoulder are both fully grant funded and the $11.7 million offering to Maxim covers cash concerns until after phase 3 results for Dupuytren's. Seems promising that 3 insiders bought 20k+ shares each a week before they announced that all trial data had been collected.

A couple things holding it back right now are they are delinquent on a 10k filing (because of having to rework other financial reports due to merger) and need to add two board members by June 15th to stay Nasdaq compliant. Those two important things and the 3+ million share short float that was announced on April 15th trying to keep this down. Float is about 10 million but 5.8 million is held by institutional investors (Vanguard largest holder 1.2+ mil shares). So true float is 4.2 million with 3 million shorted. Borrow rate has been dropping lately and is finally back under 100% on Webull so shorts have been getting out of the way since they brought it back from the 13.04 peak. I'm not in for the squeeze at all but it would be fun to experience, just an added bonus on my long hold.

 

[Sigmapolis]

Fed just announced as is sitting on it's hands. Says inflation is "transitory". It's all good till it ain't no good.

kevinbaconalliswell.gif

 

[mynameisjonas]

Go Apple

 

[dmclone]

I just paid $15 for two scoops of ice cream in Austin. I think inflation has entered the building.

 

[Dr.bannedman]

everything on my watchlist is red. glad today is cash settle day for me

 

[Mtowncyclone13]

More stock buying in 2021 already than previous 12 years combined.

U.S. households have increased their exposure to stocks to the highest level on record

Data: FactSet; Chart: Dion Rabouin/Axios VisualsU.S. households increased their exposure to stocks to 41% of their total financial assets in April, the highest level on record, WSJ reported Sunday, citing JPMorgan and Federal Reserve data that dates back to 1952.Why it matters: It's the latest...

www.yahoo.com

 

[Gunnerclone]

More stock buying in 2021 already than previous 12 years combined.

U.S. households have increased their exposure to stocks to the highest level on record

Data: FactSet; Chart: Dion Rabouin/Axios VisualsU.S. households increased their exposure to stocks to 41% of their total financial assets in April, the highest level on record, WSJ reported Sunday, citing JPMorgan and Federal Reserve data that dates back to 1952.Why it matters: It's the latest...

www.yahoo.com

Pump it up! Let’s gooooooo!

 

[SCNCY]

Phase 2b/Phase 3 were combined, there was talk by the CEO of results being released Q3 as well but would not count on anything until Q4 (under sell over deliver). The Dupuytren's Disease and Frozen Shoulder are both fully grant funded and the $11.7 million offering to Maxim covers cash concerns until after phase 3 results for Dupuytren's. Seems promising that 3 insiders bought 20k+ shares each a week before they announced that all trial data had been collected.

A couple things holding it back right now are they are delinquent on a 10k filing (because of having to rework other financial reports due to merger) and need to add two board members by June 15th to stay Nasdaq compliant. Those two important things and the 3+ million share short float that was announced on April 15th trying to keep this down. Float is about 10 million but 5.8 million is held by institutional investors (Vanguard largest holder 1.2+ mil shares). So true float is 4.2 million with 3 million shorted. Borrow rate has been dropping lately and is finally back under 100% on Webull so shorts have been getting out of the way since they brought it back from the 13.04 peak. I'm not in for the squeeze at all but it would be fun to experience, just an added bonus on my long hold.
View attachment 84701
View attachment 84703

What does ATNF do, it seems like its a bio-tech company, but what are they trying to create?

 

[SCNCY]

More stock buying in 2021 already than previous 12 years combined.

U.S. households have increased their exposure to stocks to the highest level on record

Data: FactSet; Chart: Dion Rabouin/Axios VisualsU.S. households increased their exposure to stocks to 41% of their total financial assets in April, the highest level on record, WSJ reported Sunday, citing JPMorgan and Federal Reserve data that dates back to 1952.Why it matters: It's the latest...

www.yahoo.com

This sounds like the Warren Buffet saying, when others are greedy, be fearful.

 

[Mtowncyclone13]

This sounds like the Warren Buffet saying, when others are greedy, be fearful.

I'm wondering A) where all that money came from and B) where else would/should you invest right now?

Bond yields are nothing. Tangible real estate is expensive and inaccessible for retail investors. Not everyone wants to invest in precious metals... Where else does money go when expecting inflation?

 

[Gunnerclone]

I'm wondering A) where all that money came from and B) where else would/should you invest right now?

Bond yields are nothing. Tangible real estate is expensive and inaccessible for retail investors. Not everyone wants to invest in precious metals... Where else does money go when expecting inflation?

Let me tell you about a little something called Dogecoin, the anti-inflationary crypto.

 

[SCNCY]

I'm wondering A) where all that money came from and B) where else would/should you invest right now?

Bond yields are nothing. Tangible real estate is expensive and inaccessible for retail investors. Not everyone wants to invest in precious metals... Where else does money go when expecting inflation?

Probably dividend paying stocks. Of the dividend paying stocks I own, most seem to increase their dividend more than 3% every year.

 

[brianhos]

I am just going to leave this here --

HISTORICAL S&P 500 PE RATIO
View attachment 84690

So we are back to PE ratios last seen in the Great Recession (which was probably more of an "earnings" issue than a "price" one at the time) and the technology bubble of the late 1990s and early 2000s.

Historical PEs before Greenspan were more like 15-20.

I am sure nothing is wrong and nothing bad will happen because of it.

I will note I am not predicting doom-and-gloom. Slowly deflating the above as the economy ramps back up fully and by keeping the market going "sideways" instead of up could theoretically do it.

But it's dangerous waters out there right now. A "double dip" recession is very possible.

The housing trends right now look just like 2008 also.

 

[BCClone]

This sounds like the Warren Buffet saying, when others are greedy, be fearful.

It includes retirement funds. So, as long as people have an invest and hold policy with them (until retirement) then that will cushion that. Saying that, one of my investment ladies told me she had millennials cashing out heavily during the Great Recession thinking they would lose everything. She said she routinely told them she was having them initial papers that she was doing it for them but had advised them not to move to cash at that point. (Because she understood how she could be blamed for that move and was protecting herself against fallout).

Will the current “new” generation so the same things. Positive is that as being the young ones, their investment portfolios are generally smaller.

 

[frackincygy]

What does ATNF do, it seems like its a bio-tech company, but what are they trying to create?

Forum — The Market for Real-World Assets

An institutional platform for securitizing and trading real-world assets as compliant digital securities.

180lifesciences.com

Anti-TNF (tumor necrosis factor) and synthetic (i.e. high purity) CBD are their most advanced pipelines. Anti-Inflammatory seems to be their niche. Was/is a SPAC. Nate follows more closely than I do so perhaps he can shed more light.

 

[dmclone]

The housing trends right now look just like 2008 also.

The housing market is a joke. Hopefully in the next 10 years we have another 2008 where I can pick up a cheap retirement home.

 

[Gunnerclone]

The housing market is a joke. Hopefully in the next 10 years we have another 2008 where I can pick up a cheap retirement home.

You will be waiting for awhile. Low unemployment, low fixed interest rates, predatory lending was squashed by Obama. This is nothing like the last housing crisis.

 

[2forISU]

The housing market is a joke. Hopefully in the next 10 years we have another 2008 where I can pick up a cheap retirement home.

Good luck. A lot of items working against you currently and in the future: raw material prices, decrease in new build startups, demand, cheap money, and lack of inventory cause of real estate investors.

 

[Mtowncyclone13]

The housing market is a joke. Hopefully in the next 10 years we have another 2008 where I can pick up a cheap retirement home.

So you want families to potentially lose their home so you can pick up another house? Why don't you just buy it now?