Anyone in beyond meat? Up 40%+ after hours
Now 50%
Now 50%
I refuse out of principle.aggies4life said:
Anyone in beyond meat? Up 40%+ after hours
Now 50%
Probably because $30K told them to. He's a LABU maestro.AceAggie05 said:
Why are so many BioTech stocks popping off right now? A quick google search didn't reveal anything
I remember when they were around 100. Crazy how much they've dropped.aggies4life said:
Anyone in beyond meat? Up 40%+ after hours
Now 50%
Damn....I could have thrown a dart at any one of these and made money. that's impressive.Ranger222 said:Ranger222 said:
I've been holding out for a long time on building a basket of stocks around CRISPR technology/biotechs, just due to timing and allowing some of these companies to get more mature, but I think now, in the early half of 2024, is a decent time to begin building. However, I like the prices that some of these are trading.
My basket currently:
CRSP
NTLA (My personal fav)
BEAM
PRME (least developed but prime editing has the largest future upside)
Could add to it:
VRTX (monster on its own, would love to accumulate at a lower price)
CRBU
EDIT
Picks and shovel plays off of it:
ILMN (liking this one right now anyway)
TXG
PACB
TWST
Caution: Biotechs have been a ROUGH sector due to money no longer being free and while some of their research programs are advanced and in clinical trials, will still need injections of cash. Could still be some downside risk here.
Nobody wants our products. So we're going to cut costs. In turn, we expect to make money.Quote:
Beyond Meat said it was planning multiple steps to boost profits next year as the company grapples with persistent weak demand for its plant-based meat.
The El Segundo, Calif.-based company said it would cut operating expenses and cash use, expand margins by lifting prices and right-sizing its production, and take certain non-cash charges related to inventory and assets, among other actions.
Chief Executive Ethan Brown said much of the company's reset toward profitable growth is "coming into view."
"We believe these sweeping changes, together with measures we plan to pursue this year to bolster our balance sheet, will strengthen our near-term operations as we pursue our vision of being the global protein company of the future," Brown said.
Beyond Meat posted a loss of $155.1 million, or $2.40 a share, in the fourth quarter ended Dec. 31, compared with a year-ago loss of $66.9 million, or $1.05 a share. Analysts polled by FactSet expected a per-share loss of 89 cents.
Beyond's sales fell 7.8%, to $73.7 million, with an increase in volumes offset by lower revenue per pound. Analysts polled by FactSet expected $66.7 million in revenue.
The company is guiding for revenue of $315 million to $345 million in 2024, compared with the $344.4 million forecast by analysts.
Beyond Meat said factors that have hurt its business are ongoing, including weaker demand for plant-based meat, inflation and higher interest rates.
Heineken-Ashi said:Nobody wants our products. So we're going to cut costs. In turn, we expect to make money.Quote:
Beyond Meat said it was planning multiple steps to boost profits next year as the company grapples with persistent weak demand for its plant-based meat.
The El Segundo, Calif.-based company said it would cut operating expenses and cash use, expand margins by lifting prices and right-sizing its production, and take certain non-cash charges related to inventory and assets, among other actions.
Chief Executive Ethan Brown said much of the company's reset toward profitable growth is "coming into view."
"We believe these sweeping changes, together with measures we plan to pursue this year to bolster our balance sheet, will strengthen our near-term operations as we pursue our vision of being the global protein company of the future," Brown said.
Beyond Meat posted a loss of $155.1 million, or $2.40 a share, in the fourth quarter ended Dec. 31, compared with a year-ago loss of $66.9 million, or $1.05 a share. Analysts polled by FactSet expected a per-share loss of 89 cents.
Beyond's sales fell 7.8%, to $73.7 million, with an increase in volumes offset by lower revenue per pound. Analysts polled by FactSet expected $66.7 million in revenue.
The company is guiding for revenue of $315 million to $345 million in 2024, compared with the $344.4 million forecast by analysts.
Beyond Meat said factors that have hurt its business are ongoing, including weaker demand for plant-based meat, inflation and higher interest rates.
Quote:
Centennial, CO February 27, 2024: Wes****er Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company ("Wes****er" or the "Company"), is announcing an additional increase in Phase I production to 12,500 mt per year of battery-grade natural graphite anode material. In November 2023, Wes****er previously announced a capacity increase from 7,500 mt to 10,000 mt per year.
During the fourth quarter of 2023 and early 2024, Wes****er worked with its third-party engineering firm and equipment manufacturers to increase design capacity of coated spherical purified graphite ("CSPG") production for Phase I of the Kellyton Graphite Processing Plant ("Kellyton Plant"). As a result, Wes****er now expects to produce 12,500 MT of CSPG annually an increase of 25 percent while remaining within the Phase I cost estimate of $271 million. "Wes****er is making great progress commercially with the signing of our first multi-year offtake agreement, and now technically by adding additional Phase I production," said Frank Bakker, Wes****er's President and CEO. "We believe the market interest in our CSPG is due in part to the recent Foreign Entity of Concern guidance requiring EV tax credit vehicles use of IRA-compliant graphite by 2025, and by new Chinese export restrictions on graphite that have reduced security of supply."
"Customer engagement and market demand for domestic CSPG remains strong following our February 5th announcement of our first multi-year offtake agreement with volumes ramping up to 10,000 mt per year," said Terence J. Cryan, Wes****er's Executive Chairman. "By increasing the production of Phase I at the Kellyton Plant to 12,500 mt per year, Wes****er is responding to the customer demand signals for 'Made in the USA' battery anode material. This 25% increase in Phase 1 plant capacity simultaneously improves the projected Kellyton Plant economics, and importantly, the inherent estimated profitability of our company. It will also aid us in securing the debt financing planned for the completion of Phase 1."
Soaring number of Americans are now 401(k) millionaires (yahoo.com)bmoochie said:
That was before AI. SPX $10k
El_duderino said:
You think we pullback and gap fill all the way back down to 4400? Would be a ~12% correction
Txducker said:
OA1 TexAgs book recommendation from the very first post on this thread. This book is out of print and has been expensive. I found 3 for sale under $20 this morning on ebay and this is a rare find (I bought one copy for myself). I posted the ebay search below for the book. You will notice others trying to sell the book for $249 and $1,200 on ebay.
* ISBN 9781557385970
* 9781557385970
* Book Title: Handbook of Technical Analysis : A Comprehensive Guide to Analytical Methods, Trading Systems and Technical Indicators
* Author: Darrell R. Jobman
https://www.ebay.com/sch/i.html?_from=R40&_nkw=Handbook+of+Technical+Analysis+%3A+A+Comprehensive+Guide+to+Analytical+Methods%2C+Trading+Systems+and+Technical+Indicators+Jobman&_sacat=0&rt=nc&LH_PrefLoc=1
Amen. I saw a yahoo article today, "Barclays believes S&P could hit 6000, and soon". LOL.Heineken-Ashi said:Soaring number of Americans are now 401(k) millionaires (yahoo.com)bmoochie said:
That was before AI. SPX $10k
I'm a contrarian with stuff like this. Markets almost always turn when everyone has been convinced to look up. I think we are nearing that point.
I have some MARA shares, but no options, premiums were crack prices. I plan to sell before earnings if we get a nice pop in the morning.aggies4life said:
Who is playing $mara and $snow earnings tomorrow?!
looking at old posts and looking into miners more. How the hell did I miss CLSK??! Look at the last 2 weeks, it went from $8 to $23!Heineken-Ashi said:Yes, down in a consolidation type move. Not a selloff. But the miners will selloff a little harder. MARA is very well positioned. CLSK is absolutely on a tear and have overtaken RIOT. Those are the two I will be playing along with CORZ, and I've outlined my CORZ strategy many times - they have a lot to prove but the potential to be the most lucrative of all.Philip J Fry said:
With regards to the halving event, you think the price of BTC is going to go down? I'm looking at this event as the catalyst for killing off any miner who isn't operating efficiently and isn't swamped with debt. Outside of MARA, who fits this bill?
Nobody said to time anything. It was just a thought experiment. But there are signs. I've posted about it plenty. Economic warning signs. FED warning signs. Banking warning signs. Technical warning signs. You don't have to pick the top. But if you get out before its too late, you will absolutely crush the people who hold their positions on the way down hoping for a rebound that might not come for a decade or longer.Brian Earl Spilner said:
It's nearly impossible to do what you're describing though. Studies show that trying to time the market, and missing just a couple of green days each year, can cost hundreds of thousands in the long run.
DCA'ing / time in the market will usually work out best.
Granted, I say this as I sit on ~$50k cash because I'm expecting a retracement, but considering the 5.25% APY and the fact that I'm maxing all retirement contributions, I'm not too concerned if we never get that retracement.
how is it impossible? It's simply patience and time. You play differently until then, short swings, scalps etc, protect your gains.Brian Earl Spilner said:
It's nearly impossible to do what you're describing though. Studies show that trying to time the market, and missing just a couple of green days each year, can cost hundreds of thousands in the long run.
DCA'ing / time in the market will usually work out best.
Granted, I say this as I sit on ~$50k cash because I'm expecting a retracement, but considering the 5.25% APY and the fact that I'm maxing all retirement contributions, I'm not too concerned if we never get that retracement.
Very good post and I bolded the parts that are the best.Heineken-Ashi said:Nobody said to time anything. It was just a thought experiment. But there are signs. I've posted about it plenty. Economic warning signs. FED warning signs. Banking warning signs. Technical warning signs. You don't have to pick the top. But if you get out before its too late, you will absolutely crush the people who hold their positions on the way down hoping for a rebound that might not come for a decade or longer.Brian Earl Spilner said:
It's nearly impossible to do what you're describing though. Studies show that trying to time the market, and missing just a couple of green days each year, can cost hundreds of thousands in the long run.
DCA'ing / time in the market will usually work out best.
Granted, I say this as I sit on ~$50k cash because I'm expecting a retracement, but considering the 5.25% APY and the fact that I'm maxing all retirement contributions, I'm not too concerned if we never get that retracement.
I've been very clear about not exiting this market and waiting for support to break before jumping ship. And no, missing out on some green sessions won't matter at all when your entire portfolio falls unless you realize your gains and move your money to a cash position. You think it matters if you held NVDA from $300 to $1,000 if you look up in a year and its at $500? Not to mention, your strategy would have been DCA'ing at every level on the way up, continually raising your basis to a level that would take double the amount of DCA'ing on the way down to lower. And despite the current aura around it, NVDA will fall, as will everything at some point.
Because what you continually fail to understand is that this isn't the market and economy we had leading up to 2000, or 2008. The economic conditions we have today are rancid. The last 12 years have been fueled by government spending and a falling dollar, almost exclusively. The conditions at present are threating a long term cyclic end. How long term? Try nearly 100 years. A full debt leveraging cycle coming to a close. 2000 was a tech bubble. 2008 was a finance and real estate bubble. COVID was a pin *****. Those were symptoms. And they were rebounded with loose monetary policy that crushed the value of the dollar. They are likely to look like blips if we get the end of a long-term cycle. And this blowoff top we are likely experiencing is exactly what you would expect in the end of a cycle. 100% fueled by FED liquidity, FOMO, and strong revenue earnings on increasingly higher prices with a weakening consumer up to his tits in debt. This is ALL the bubbles.
So when you say "usually works out". You better hope this is "usually". Because if it's not, your money is going to be stuck in assets that are falling while the people in cash positions, who realized their gains while yours were just on paper, will be rising.
bmoochie said:
What are your thoughts of going all cash in 401ks? I know we would never be able to time it but do you think it's worth messing with?
For context I'm 34 so I know when I retire it will overall be higher. That's how it's designed. Just curious on your thoughts.