Stocks - r/Stocks Daily Thread on Meme Stocks Wednesday - Mar 31, 2021 |
- r/Stocks Daily Thread on Meme Stocks Wednesday - Mar 31, 2021
- r/Stocks Daily Discussion Wednesday - Mar 31, 2021
- Microsoft wins U.S. Army contract for augmented-reality headsets, worth up to $21.9 billion over 10 years
- PSA: Blackberry / $BB is up 100% for the year, 30% YTD, Nokia ($NOK) is up 30% for the year. What the heck are people complaining about?
- Quick Reminder: Having a portfolio consisting of different tech stocks does not mean you have a ‘Diversified Portfolio’
- BB BlackBerry earnings/call were actually bullish ✅
- $PSFE (Paysafe) the most undervalued fintech play on the market. Popular analyst Steve Grasso has been calling for it to triple.
- Why is NASDAQ trade volume at 4% of daily avg. while Dow had a 10000% daily avg. volume today?
- UBS upgrades AAPL to 'Buy,' raises price target on iPhone stability & auto opportunity
- Green day all around and still managed to have a massive red day
- U.S. Market Recap - Wednesday, March 31, 2021
- Goldman warns of investor ‘guerrilla warfare’
- $MP Materials - A rare, rare earth company bringing sustainable production back to the US
- Options trading for a moron like me
- PsychoMarket Recap - Wednesday, March 31, 2021
- How to not check your account every second of your day?
- What is the biggest issue that investors deal with when deciding which stocks to invest in?
- Volkswagen's US' subsidiary is keeping its name and will not rename itself "Voltswagen," a company spokesman has said, confirming that an ea
- What is the actual evidence behind many of the principles used and discussed in stock trading and investment in general?
- Wash Sale - I had no idea
- BA - Thoughts on Boeing?
- Blink Charging ($BLNK) is Scheme to Siphon Money to the Pockets of Insiders
- Can someone explain why AstraZeneca (AZN) hasn't tanked
- Hydrogen vs EV
- Downward trending stocks you still believe in - Smarter to average down or wait?
- looking for some more advanced help regarding market orders and how they work...
| r/Stocks Daily Thread on Meme Stocks Wednesday - Mar 31, 2021 Posted: The familiar "Rate My Portfolio" sticky can be found here. Welcome traders who just can't help them selves discuss the same exact stock that's been discussed 100s of times a day. I get it, you want to talk about what's popular, what's hot, and that 1.. single.. stock you like.. well here you go! Some helpful links just for you:
An important message from our mod u/TCGYT regarding meme stocks. Lastly if you need professional help: [link] [comments]  |
| r/Stocks Daily Discussion Wednesday - Mar 31, 2021 Posted: These daily discussions run from Monday to Friday including during our themed posts. Some helpful links:
If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned. Please discuss your portfolios in the Rate My Portfolio sticky.. See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Posted: News broke maybe 30 mins ago. MSFT shot up 1% on that news, up more than 2% on the day. Some highlights from the CNBC article:
Thoughts on this news? What do you guys think about some employees opposing the decision? All I know is Microsoft is a monster of a company. Just another reason to continue holding I guess. [link] [comments]  |
| Posted: Why are people always complaining how Blackberry is misunderstood? Why do they think their "misunderstood" technology isn't valued in? There's a chip shortage and $BB needs chips to make money. As far as I know, they don't actually manufacturer the chips. And other companies will get priority in chips before Blackberry. Even with the recent dips, it's already up 100% for the year. That's pretty good for a stock that always misses out on revenue. And since they need chips to be successful during a chip shortage, I think this stock stays flat or even dips further for the year. But to finish 50-100% for the year is still a nice year. And I think their software is already valued in. Even $NOK isn't too bad unless you bought at the year high. I just don't understand what people expect. Not every ticker can be "you know what stock". Disclosure: I'm a moron who has a $12/share cost basis, and just think I only have myself to blame. Shouldn't go chasing. [link] [comments]  |
| Posted: To whom it may concern: (I'm aware most of you know how to properly diversify). I see some investors on here being invested in multiple tech equities, APPL, TSLA, AMZN, SONO etc. and talking about how well diversified their portfolio is. Just a quick reminder than having a diversified portfolio means that you have equities with 'negative correlation', and/or no correlation in addition to being diversified into different asset classes (equities, fixed-income, cash)(ex. stocks, bonds, mutual funds, ETF's). Or into different market caps, levels of risk, growth/value, sector/industries as well as domestic and foreign investments. Any political, economical, or social catalysts that can affect the tech industry will most likely affect all your investors at the same time, in the same way, therefore just a quick reminder that having a portfolio consisting of only techs does not reduce the overall risk in your portfolio, and if anything, increases it, as such, you are not 'Diversified'. This doesn't just apply to techs, it applies to any portfolio that only has positively correlated assets within the same sector/industries. Edit: This post is about the concept of having a diversified portfolio, not rate of return or investment objectives, capital limitations etc. Pls keep comments and topics relative to diversification. [link] [comments]  |
| BB BlackBerry earnings/call were actually bullish ✅ Posted: I see many paper-handed individuals dumping their shares for cheap because OMG BB has missed its revenue expectations for Q4. (for reference $8.50 -8.7% 31st March 2021) Can we please dig a little bit deeper? Thank you. During the quarter BlackBerry entered into an exclusive negotiation with a North American entity for the potential sale of part of the patent portfolio relating primarily to *mobile devices, messaging and wireless networking.** The Company has limited its patent monetization activities due to the ongoing negotiations. If the Company had not been in negotiations during the quarter, we believe that Licensing revenue would have been higher.* Boom pure and simple explanation for why the revenue missed. It's not on weaker demand. It's only because they are about to sell their side business and consequently they had to significantly cut that stream of revenue. Which also means that negotiations are advanced. What will happen then they sell? they will receive a big fat cheque (don't quote me on this but I imagine north of $500m if not a billion+ ; pure speculation) + according to the CEO they will collect royalties for 7 years. And they get to focus on their core businesses: cybersecurity, EV software, internet of things. Is this good strategy-wise? Absolutely. Focus on your top projects with higher gross margins. Let go of the past and embrace the future. any analyst reaction? Yes indeed Canaccord upgraded the stock to Hold from Sell this morning. Canaccord sees 'building blocks coming together' Seeing the business "turning the corner towards stronger trends". The firm notes BB's weaker than expected Q4 results driven by licensing headwinds due to sales negotiations for part of its mobile patent portfolio. Canaccord says BlackBerry management has "created a cogent long-term strategy," but the firm is on the sidelines waiting for more evidence of product roadmap execution and emerging cross-selling opportunities. The firm says a deal to sell the licensing business would "unlock value and provide a capital infusion to drive accelerated software and services growth." So even boomers traditionally late to the technology party are starting to see the whole BlackBerry's strategy aligning. But these guys stay on the sideline because they don't like early tendies. They lack the vision to say it's an actual Buy especially at these levels. They will probably wait that a bigger broker moves first. And they will. a quick look at the numbers BlackBerry has a $5bn market cap with $1bn+ yearly revenue and $800m in cash. I imagine investors can put 2 and 2 together. What do you think will happen to their balance sheet when they cash in the incoming sale of their portfolio. Way more cash to execute their plans and potential M&A if needed and no need for new shares issuance as confirmed by the CEO (no dilution in sight ; enough money in the bank). We could be in the coming weeks in a situation where BB has in cash the equivalent of 25%+ of their market cap... how about their core strategy? QNX now has design wins with 23 of the world's top 25 electric vehicle OEMs and remains on course to return to a normal revenue run rate by mid-fiscal 2022. BlackBerry IVY also made encouraging progress, with positive engagement from a number of leading automakers and the launch of our BlackBerry IVY Innovation Fund. In just one quarter they added 4 more EV OEMs with QNX (from 19 to 23 now). They are well positioned to be involved in autonomous driving: BlackBerry expands its partnership with Baidu to power next generation autonomous driving technology. and BlackBerry QNX Black Channel Communications to be used in Motional's driverless platform. These are weeks-old news but it's funny how it seems to go under the radar when it comes to price the company. Correct me if I'm wrong but Baidu could be the first and/or major player in autonomous driving in Asia. QNX is still in SpaceX rockets. And I start to hear rumors that Tesla could consider using it too (very speculative but at least you've heard it). And for the people who have ended up here randomly BlackBerry IVY is a joint venture with Amazon AWS for intelligent vehicle data platform. When the IVY deal was released BB shot past $9. AWS boss/founder at the time is now Amazon CEO. So yea the revenue has missed by a few millions for an one-off reason. Have the fundamentals changed? Actually yes they have improved as they are well on track to pursue their strategic goals. The question you should ask yourself is whether you are pricing BlackBerry based on their FY2020 or on what they are about to become? (hint: strong presence in EV software worldwide + autonomous driving + efficient cybersecurity product) Before you ask me in the comments: shares are safe, calls good luck timing them although I probably bought more June calls together with some shares (don't do this at home ; go cash gang ; save your money). Disclosure: long shares and June 20C. Definitely not a recommendation to buy, hold, sell any security. Besides I have no knowledge in IoT, programming, software etc. I can only read. TLDR why are you selling BB? if that's because the revenue has slightly missed because they are selling a big chunk of their unneeded business for big money then you should ask yourself why you are in this ship in the first place. Even boomers analysts upgraded the stock this morning: they are starting to see BlackBerry business model happening. Bonus: when will the sale happen? 🔮 crystal ball said before the next ER so in a few weeks (totally random and speculative). [link] [comments]  |
| Posted: Using the lower end of Paysafe's forecasted EBITDA ($500M), $1.5B revenue, an EV adjusted for $1.8B debt, and applying the post-merger pro forma 720M outstanding shares, here are Paysafe's potential share prices based solely on sector peer EV/EBITDA ratios: ⁃ PayPal : $269B EV/ $4.47B EBITDA ⁃ Repay : $2.2B EV/ $30M EBITDA ⁃ Shift 4 : $7.7B EV/ $90M EBITDA ⁃ Nuvei : $15B EV/ $171M EBITDA ⁃ Adyen : $56B EV/ $273M EBITDA ⁃ Square : $107B EV/ $357M EBITDA ⁃ Bill.com : $13.2B EV/ -$15.6M EBITDA ⁃ Affirm: $21.6B EV/ -$68M EBITDA EV/Revenue ratio , non-public company's with estimated revenue per recent funding rounds: ⁃ Stripe : $95B EV/ $1.8B est. rev ⁃ Chime : $30B EV/ $600M est. rev ⁃ Checkout : $15B EV/ $100M est. rev Note: Most of these companies have negative earnings and smaller margins than Paysafe. I'm not suggesting it's worth this much, but for reference, averaging the above multiples would put BFT/Paysafe's share price at $135.98 More realistically, taking the average from the lowest four puts the share price at $50.75. Paysafe is the number 1 digital wallet in Igaming, Draftkings uses them, and most recently they just partnered with Coinbase. As all SPACs do now, it sold off big today with the ticker change so there has never been a better time to buy than now! Note : I'm long PSFE with 3,350 shares @15.47 Credit all the numbers to u/greensymbiote [link] [comments]  |
| Why is NASDAQ trade volume at 4% of daily avg. while Dow had a 10000% daily avg. volume today? Posted: EDIT: Yahoo Finance seems to have their historical data calculated wrong, leaving the post up in case others are wondering why. And yes, I meant to say Dow Jones Industrial, not Dow. Data for Nasdaq is also wrong, seeing as they had a trade volume at 11:14 am alone, for 1.59 billion. This seems like a historic anomaly, yet I can't find any articles or information as to why or how this would happen. I've heard some speculation that this might have to do with SLI(supplemental liquidity ratio) that did not get extended, but I don't understand the correlation. Some big players that want to deleverage and reduce their risk? Someone else suggested it was related to quarterly reports, yet this trade volume anomaly has never occurred at any other end of quarter, or at all(as far as I could see), in the last 5 years at least. Am I missing something? Does anyone have an explanation? [link] [comments]  |
| UBS upgrades AAPL to 'Buy,' raises price target on iPhone stability & auto opportunity Posted: Investment bank UBS has upgraded AAPL to a "Buy" and raised its price target to $142, based on a stable iPhone backdrop and the possibility of Apple entering the car market. In a note to investors seen by AppleInsider, lead analyst David Vogt says that a "more stable long-term iPhone demand backdrop with better [average selling prices]" and Apple's "likely entry into the auto market" are driving the UBS revision on AAPL shares. The analyst says that, based on analysis, aggregate iPhone demand in 2021 and 2022 should be relatively stable. He doesn't believe there's a "supercycle" materializing, but he did raise his 2021 iPhone shipment forecast to 220 million, up from 215 million. Looking ahead to 2022, Vogt also raised his 2022 iPhone shipment estimate to 215 million, up 10 million. He attributes the bump to the "stickiness of the iPhone ecosystem." [link] [comments]  |
| Green day all around and still managed to have a massive red day Posted: -Overtrading Every amateur mistake. Don't be this guy^. /rant [link] [comments]  |
| U.S. Market Recap - Wednesday, March 31, 2021 Posted: Dow (0.26%), S&P 500 +0.36%, Nasdaq +1.54%, Russell 2000 +1.13%Wednesday, March 31, 2021
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| Goldman warns of investor ‘guerrilla warfare’ Posted: The Supreme Court will hear arguments today from Goldman Sachs and from pension funds over a claim that the Wall Street giant misled investors about its work selling complex debt investments in the prelude to the 2008 financial crisis. In its latest brief, Goldman makes an interesting argument: Investors shouldn't rely on statements such as "honesty is at the heart of our business" or "our clients' interests always come first" that appear in S.E.C. filings and annual reports. NY Times Deal Book newsletter [link] [comments]  |
| $MP Materials - A rare, rare earth company bringing sustainable production back to the US Posted: Thought I'd take a chance to provide some information on a stock that I have liked for a while, MP Materials. Right now it is sitting at a low point for a while and I think the time is ripe for the pickens. Why do I think this right now? Well MP sits at a mining site in the middle of the desert out near the Cali-Nevada border. They sit just south of Las Vegas right next to a highway for easy transport of the extracted and purified materials as they both mine and refine the ore. Well let's start with what they do: rare earth materials mining. Not the sexiest job on the planet, but it is necessary for all things tech. Rare earths are a key component of clean energy, IT, defense, industrial applications, and neat little magnets. Right now, the vast majority of rare earths are produced by China at 80%, leaving a huge vulnerability in a high sought after market. The market isn't going away but China could pull it's supply. The US-China relations are at a pretty fragile point. NASA has even called Taiwan a country which is a hugely sensitive issue. The current administration seeks to counter Chinese competition and upend their dominance and has been reviewing the reliance on China for rare earths. The price of rare earths is rising, and it caused a jump in the stock price earlier in the month - the soaring need for electric vehicles should continue to push it further. Though the stock price jumped, it did plummet on news that they were issuing some additional shares, about 10%, to fund new green energy initiatives.. With a larger focus on environmentally friendly projects, it makes $MP a prime target for eco-conscious investors. In my opinion, the price dive spooked a large amount of investors sending it way below it's fair value. 10% dilution rocked it to a 30% price dive that it is coming back from strongly now. Even with the dilution included, the price should pop back up another 20% or so as the market in growth stock picks back up. $MP doubled the analyst estimates for EPS in Q4 last year and don't look to be slowing down. Looking ahead, the forward looking EPS estimates put it at close to $2 for a 15 p/e ratio with $0.48 EPS in the 4th quarter of 2021. MP materials hasn't been around long, taking over the site from failed Molycorp, but appear to be hitting it at a good time. Now not only are they expected to be profitable quickly, but also have the new $584m in cash to ramp up and clean up their operation to ensure a sustainable and competitive supplier of rare earths. If you look at their earnings presentation-3.18.2021.pdf), the story keeps getting better though. They had 100% YoY revenue growth and are still reducing the cost of production. Modest for Q4 YoY, but 25% for the entire year. I am long MP, with a few hundred shares and a 4/16 $45c. I like the potential of such a young company that is already pulling a profit in a growing market with a sustainable business model. Somehow this is a growth stock that has a profitable business model, seems like a safe bet to me - though this isn't financial advise, this is just my own opinion. [link] [comments]  |
| Options trading for a moron like me Posted: I applied for options trading and margin. I asked for full Level 3 access, like the big dogs. About a week later they sent me an email asking me to call them. I assume to laugh at me and call me an idiot because on the application I had to put that I have never traded options and am a moron. So I called them today. The guys asked what my strategy was and my knowledge base. He asked me if I knew what a "call" and "put" were. Honestly I gotta say he was more polite and understanding than I would have been with someone as stupid as I am. I said I read books and watched videos. Actually other people read books and told me about it and I watched YouTube videos. I asked him what level access do I need to short stocks and I said it with a straight face. He said I'd need a margin account, so I asked what level could I trade options without margin and he gave me level 1 access. Tbh, I'm surprised he let me have that. He said for the higher level 3 access I originally asked for I would need margin and a minimum of 100k in my account. [link] [comments]  |
| PsychoMarket Recap - Wednesday, March 31, 2021 Posted: Stocks closed the day mixed, with the Nasdaq (QQQ) and S&P 500 (SPY) advancing while the Dow Jones (DIA) pulled back. The SPY briefly reached record intraday levels. Market participants continue to monitor rising Treasury yields and digested President Biden's newly proposed $2 trillion infrastructure bill, which could include changes to existing tax policy. Today marks the final session of Q1 of 2021. Ahead of President Biden's address later today, the White House revealed a new, massive infrastructure proposal. The proposal includes roughly $2 trillion to help rehabilitate and build out the country's infrastructure, address the crisis around climate change and curb economic inequality. To pay for the proposal, Biden will propose raising the corporate tax rate to 28% from 21% for 15 years and implementing other policies to disincentivize offshoring. View a complete breakdown of the bill here. Today marks the final session of an extremely volatile quarter. Year-to-date, cyclical, energy, financial, industrial and reopening stocks have strongly outperformed tech and high-growth stocks that led the market higher last year. As the pace of vaccinations increases (roughly 3 million doses distributed per day in the US), it seems market participants have been rotating to stocks poised to benefit from the gradual reopening of the economy. Despite signs of economic improvement, market participants are concerned that the Federal Reserve's accommodative monetary policy, combined with massive fiscal spending, may cause an unwanted rise in inflation, reinforced by the recent climb in the benchmark 10-year Treasury yield (1.735% at the time of writing). Looking ahead, the March jobs report is set to be released Friday. The report is estimated to show the economy created a whopping 630,00 jobs in March — the most since October 2019 before the coronavirus pandemic. Highlights
"The future belongs to those who believe in the beauty of their dreams." -Eleanor Roosevelt [link] [comments]  |
| How to not check your account every second of your day? Posted: I'm a long-term investor. All of the stocks I owned, I plan to hold for 6 years plus. However, as the title suggests, I have the urge to check my account all the time. Any tips to stop this constant checking? [link] [comments]  |
| What is the biggest issue that investors deal with when deciding which stocks to invest in? Posted: I am interested in hearing this from investors and traders. Is it the lack of information on a stock? Uncertainty about a company? Or is it some other factors that you as an investor (or trader) have to deal with when you are buying shares of a company? Thank you and I'd appreciate the answers! [link] [comments]  |
| Posted: https://www.rte.ie/news/newslens/2021/0331/1207150-volkswagen-corrects-early-april-fools-joke/ Volkswagen's US' subsidiary is keeping its name and will not rename itself "Voltswagen," a company spokesman has said, confirming that an earlier announcement was an April Fool's joke that may have gone further than intended. The German automaker's US subsidiary, which is launching a media blitz for a new all-electric sport utility vehicle, recrafted its social media pages and said the new moniker represents its "future-forward investment in e-mobility," according to a press release that was widely covered. Company officials kept up the pretense for hours, with a US spokesman confirming the name change in response to an email question about whether it was an April Fool's joke. [link] [comments]  |
| Posted: My background is in medical science, and I have learned (sometimes the hard way), that evidence is king. Even in the face of 'gut feeling' and an affirmation 'making sense', the conclusions drawn are often wrong. It is not until large, well-designed trials are performed that we really know if something is true. That brings me to the title of my post. I have become very intrigued about investing in recent months-years, and I have read countless opinions about, and explanations of, different forms of analysis, methods of investing, etc. However, what I consistently find missing is citations to the actual evidence behind these ideas and principles. And so here I am, appealing to the kind folks of /r/stocks. What is the actual evidence behind things like Fundamental and Technical analysis? Have large datasets been collected, studied, and published, showing statistically significant associations between stock-related variables and their "outcomes"? If not, how are we certain that anything we say is actually true? [link] [comments]  |
| Posted: New retail investor here, about 2 months now. I've done a fair amount of reading to familiarize myself with the basics of buying/selling stocks but never once came across thus. I had about $1,000 in one stock that dropped about 36% over the past week or two, so I decided to cut bait on half of my holdings (highest cost basis shares). What I didn't realize or understand was this thing called a Wash Sale, which increased my cost basis on my remaining shares by about 15% above my previous average cost. At this point I don't know what to do. And before I realized the Wash Sale thing I was actually inclined to buy back more of that same stock at the lower price. I suppose I can't do that for at least 30 days now? Do I now hold them for a year? Thanks in advance for your help. [link] [comments]  |
| Posted: What are your thoughts on Boeing? It seems to be slightly rising but I'm not sure how the reopening plays are going to keep rising. Boeing has risen a little but isn't near ATHs like other reopening plays. However Boeing seems like Chipotle after the ecoli scandal due to the two planes that crashes prior to COVID-19. Took awhile to rebound but it ultimately did. Southwest and Alaskan also just put some orders in so I assume others might follow suit. The chart almost looks like a teacup forming. Thoughts? [link] [comments]  |
| Blink Charging ($BLNK) is Scheme to Siphon Money to the Pockets of Insiders Posted: Blink Charging Co, headed by CEO Michael D. Farkas, claims to own, operate, and provide electric vehicle (EV) charging equipment and networks throughout the United States. It currently offers both residential and commercial EV charging equipment and utilizes a real-time cloud-based system to track the current usage and operation of its EV charging stations. Currently, Blink claims to have over 15,000 of these EV charging stations in operation throughout the U.S. And closing today with a share price of $36.98, Blink seems to give investors and analysts alike hope that it has great prospects to become a large firm in the EV charging space. However, as I'll discuss in further detail, everything about this company - its operations, financials, and leadership - are rotten to the core. Data for this post was sourced from the Culper Research Report on Blink Charging Co, published in August of 2020. I have no reason to believe that significant changes have occurred since. I am not an analyst or financial professional nor do I have any positions (or plan to open any) in Blink Charging Co.
According to Culper Research's inquiries, "Our on-the-ground visits to 242 stations at 88 locations across the U.S. revealed a plethora of neglected, abused, non-functional, or otherwise missing chargers. Our analysis of the Company's own data suggests that the average charger is utilized for just 6 to 38 minutes per day (0.39% to 2.65% utilization), while annual charging revenue of a mere $6.37 per member suggests that the average Blink member doesn't even obtain one single full charge from the Blink network over the course of an entire year." In terms of charging stations, "As of June 30, 2020, the Company had 15,151 charging stations deployed, of which, 5,385 were Level 2 commercial charging units, 102 were DC Fast Charging EV chargers and 1,193 were residential charging units. Additionally, as of June 30, 2020, the Company had 305 Level 2 commercial charging units on other networks and there were also 8,166 non-networked, residential Blink EV charging stations." Why's that important? Well, "Unless Blink expects that all residential charger owners are set to open their garages for complete strangers to steal their electricity, the Company's claim that "EV drivers can easily charge at any of its 15,000 charging [stations]" is an egregious overstatement which we suspect has been designed to mislead investors." And of the 5385 charging stations remaining, fewer are listed by the company's own app, "Our sampling suggests that of the 3,275 chargers listed on the Company's map, only 67% of these, or 2,192, exist, are functional, and are publicly accessible."
Culper also found that, "Since 2014, compensation expense of $44 million is more than double the Company's $18 million in cumulative revenues, which have remained flat despite the Company's incessant promotion of supposedly groundbreaking partnerships, international expansions, and new technology under development." But for a mid-cap company valued at $1.5 billion, only 88 employees are on LinkedIn. But how does tanking the company help executives? Culper states, "Farkas has now dumped at least 1.8 million shares over the past 2 years while at least 7 executives and board members have left the Company. This mass exodus has culminated with COO James Christodoulou in March 2020. Christodoulou is now suing Farkas and the Company, citing numerous counts of securities fraud. Also in March 2020, the Company's primary lender and 9.9% shareholder – Justin Keener – was charged by the SEC, which cited toxic convertible lending practices... Thus, Blink has turned to the PPP program, taking a loan which it has already burned through and does not intend to repay."
Below are three separate instances of Farkas' involvement in fraudulent schemes that parallel what's happening with Blink. "Skyway Communications (formerly SWYC) purported to be "developing a ground to air in-flight aircraft communication network that we anticipate will facilitate homeland security and in-flight entertainment." However, this was effectively a front. In 2006, an aircraft was seized by the Mexican government holding 5.6 tons of cocaine, reportedly $100 million worth. With Farkas as the company's largest investor, at one point holding majority ownership, the stock collapsed, and Skyway's principals were sued by the SEC for the pump-and-dump scheme. Farkas denied knowledge of the scheme, even as Skyway had just 2 employees and shared an office with Farkas's investment firm, which was a majority owner. At GenesisIntermedia, Inc. / Genesis Realty Group, (formerly GENI), Farkas worked with Jeffrey and Darren Glick, Adnan Khashoggi, and Ramy El-Batrawi. The group was sued by the SEC, alleging, in sum, "a scheme to manipulate the stock price of GENI, now-defunct public company, and misappropriated more than $130 million in the process." This was part of a broader scheme, which also involved Atlas Recreational / Holiday RV Superstores, where Farkas was a majority owner with 59% of the company. As part of this scheme, the SEC also brought charges against MJK Clearing, Inc., a.k.a. "Stockwalk", which lost more than $200 million and was forced into liquidation. With respect to Red Sea Management Limited, Farkas and his Atlas group of companies were sued for fraud relating to co-involvement in Skyway. Red Sea was also involved with several additional public issuers including SLS International, Inc. GeneThera, Inc., and Freedom Golf Corporation. To that end, the SEC also sued Red Sea, alleging that it conducted "fraudulent pump-and-dump schemes on behalf of its clients and laundered millions of dollars in illegal trading proceeds out of the United States to its clients overseas." Red Sea was also tied to online gambling, money laundering, short-term payday loans, and bootlegged/pirated TV shows." TL;DR and Summary Blink Charging Company's claim of operating over 15,000 charging units is misleading on two accounts: only 2,192 can be accessed by consumers and the average charger earns a revenue of just $6.37 annually. Blink's cumulative earnings are abysmal yet employee compensations remain sky-high, $18 million to $44 million since 2014 respectively. Meanwhile, CEO Michael Farkas continues to dump millions of shares and collect a salary of $548,000. Farkas also has a long history with massive criminal schemes and generally fraudulent behavior. If that's not enough, an 8.88% owner of Blink is also directly tied to the panama papers. In conclusion, Blink Charging is just another scam by CEO Michael Farkas. It has courted investors with a vision of the future and a façade of long-term viability. In reality, its slowly bleeding out and the only person benefitting is Farkas. UPDATE: Many people are wondering, "why not short or put Blink right now?" As some have pointed out, since the August 2020 Culper Research report and subsequent Mariner Research Group downgrade, Blink's share price has actually increased from roughly 10$ to its current price. Clearly, the investors don't care about the inherent risk of their investment. However, a lawsuit was filed in October and is currently underway (website for relevant updates: https://www.hbsslaw.com/cases/BLNK). Investor fraud lawsuits generally take 2-4 years to be resolved and it's possible that these repercussions won't be felt by Blink or fully realized by investors until that date. In the meantime, there are too many possibilities for Blink, whether that's a management adjustment or immediate bankruptcy, and it's just too risky to take that long of a position. [link] [comments]  |
| Can someone explain why AstraZeneca (AZN) hasn't tanked Posted: The side effect caused by the vaccine has proven to be true, 33 more cases found of blood clots in the brain due to 'heparin' like side effects and seems like it may be scratching the surface. Doubtful most countries will continue a roll-out with it. This all seems horrible and yet the stock price is barely dented.. what am I missing? [link] [comments]  |
| Posted: So what's everyone's opinion on hydrogen technology vs ev? Do you think the tech is good? Will there be enough infrastructure for fueling? A demand for it in big trucks? I'm looking at Advent Technologies (ADN) and Hyllion (HYLN) trying to decide if they would be a good long term holds. I currently hold 350 ADN and 100 HYLN [link] [comments]  |
| Downward trending stocks you still believe in - Smarter to average down or wait? Posted: I will use ICLN as my prime example in my portfolio, which is about the only holding I have in the red. I believe this is a long play, especially since it will be getting re-balanced in the near future. That being said, my avg. cost/share is ~$32. Would it be smarter for me to try to average down now since it is around $23.50/share, or is it a better idea to wait and see what happens? [link] [comments]  |
| looking for some more advanced help regarding market orders and how they work... Posted: I am currently invest heavily into EEENF and the future progress of the stock completely rides on this weekends announcement of oil or no oil. If on Sunday they announce that there is oil then the stock goes up and all is well. IF they announce no oil and the well is to be plugged then the stock is going to crash... hard. So, my question is this. If I get the news that they are going to crash on Sunday. What do I do? I assume my best bet is to set a market order for open and hope for the best? Right? If so... how does that even work? Secondly... Do market orders work in a single file line sort of way? Lets say I place a Market order at 4:30PM on Sunday and somebody else places on at 9:30PM on Sunday night, will my Market order be executed first or is it random? Thank you so much for any help you guys can possible give me. I'm in a possibly life changing situation and I'd really like to be prepared. :) [link] [comments]  |
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