Friday File: “Green California Goes Dark” CO-27 pitch, plus Portfolio Updates
by Travis Johnson, Stock Gumshoe | October 6, 2017 5:00 am
Checking out some teased cobalt ideas, plus updates on Delphi, Lending Club, Shopify and more...
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Thanks Travis,
as usual your thoughts on things calm me down a bit. Esp. your thinking on SHOP and Citron’s attack. I sold most of my position yesterday because i do not want to worry so bad about the outcome of this attack.
I lost one time big time after a different Citron attack. I was holding on to the stock and watched it going down from $120 to about $10.
During this attack I bought more stock on the way down and at the end my average was about $50. The stock stayed in the $10-20 range for about a year and is now about $60.
Of course at some point I gave up and just took my losses. Still hurts….
The reason i share this is because i was tempted to do the same again with SHOP.
It is difficult to sell when you believe in the story, the company and management.
At least when you have some profit it is possible to sell.
But my experience with the Citron treament, as you call it, is that he will keep the stock down for some time. And that the stock can stay down for longer than i am able or willing to hang in there.
Like you said anything is possible esp. with a stock like SHOP… fast growing and certainly overvalued. I will stay at the sidelines and watch and hopefully i won’t miss the boat when SHOP is going up again.
I like your idea about the tradestops as well.
kind regards to All
Herbalix
Dont forget to see if you can buy put options when a stock is spiraling. Sometimes trading is halted but I was able to buy lots of puts in the $55-70 range when Valeant was tumbling.
I lent money using lending tree a few years ago. My experience was the amount of loans that defaulted or were charged off were higher than advertised. It also seemed people sold their loans right before they would default. I wouldn’t do it again.
The SHOP / Citron piece is one of your best writings ever; keep up the great work.
I’ve been using Lending Club for years as an alternative income investment platform. I really like how easy it is to use. My historic rate of return is 6.71% and I usually chose the loans to fund with high credit candidates. That strategy leads to safer but lower returns.
I hope this is allowed, they offer a referral bonus for both of us if you sign up using the link below:
https://www.lendingclub.com/landing/invest.action?reg_referrer=Member_3537904&progId=53212932
As a shopify store owner, I’m telling you… it’s the real deal. Not just in terms of selling products that come from China… but for any small business looking to get online to sell their products.
I took the opportunity to get in on the dip.
Hi Travis
are all the attorneys racing to start class actions suites against Shop normal? First time i have been in a stock that came under activist short seller attack. Was Citron short the stock short before the report; then released the report to cover their bad trade or did he go short just before they released the report or both- is that not stock manipulation?? just wondering. I did post an inquire with SEC to see if i get a response My guess is i’m sure they will have a reason why this is not stock manipulation otherwise would this guy be behind bars already? Sort of stumped by this thanks for your work
Yes, attorneys pop up to try to form class actions as soon as anything ugly is alleged about a specific company (and sometimes even if they just miss earnings badly)
I held a good number of Shopify shares and when they climbed to € (Euro) 102, I sold all of them. I operate an online shop myself (since 1998) from a different shop provider, I felt that shopify could not justify, even if they did aggressive advertising, this high share price and – what goes up fast usually goes down just as fast – the share was built on air. That I would be that close to the dropü occurring, suprised me – it was luck, I suppose. Their shop is basically very little different from any other good online shop and no, they will not be the next Amazon. The Amazon concept is entirely different.
By the way, your comments are the only ones now that I read – I cancelled all other emails, since this stupid and excessive advertising was simply annoying and when someone spouts these incredible winnings, I ask myself why they even continue sending emails (which is work) since they must be filthy rich and should enjoy their wealth instead! Your insights are wonderful, to the point, precise and put these high flying phrases in their right perspective. Thank you!
Are there any hydrogen car shares? I would not be surprised if everyone with their battery-driven car hype could be caught wrong-footed. I think hydrogen could be the future.
All the best,
Thorough as usual. Thanks. I sold yesterday my SHOP shares once my 20% trailing stop was reached.
The occasional cliff dive is also part of owning an overvalued high growth stock. Interest that it didn’t pop after the initial fall, but kept going lower. Makes me think the professional investors are reevaluating their case for this stock and/or waiting for a response from SHOP before deciding whether to buy the dip.
I read that Shop is scheduled to give an earnings report near end of October and am looking forward to it. I would guess that I am not alone and that a lot of investor decisions will be made after the report. I also wonder if Shop won’t have something more to say when it reports. This is the 19th and shop has responded a little by now.
We all have read about the “pump and dump” incidents in the penny stock arena. Andrew Left is the opposite. He is a “dump and pump” operator. I personally feel that his MO is very similar to insider trading. And I hold “opportunist “law firms in contempt. A man ought to be better than looking for a free lunch.
Good report, Gumshoe, and the comments are also very worth the read. Thanks.
{ am surprised based on the comments in this article that there doesn’t seem to be much interest in the cobalt story among the readership.Personally I don’t have the capital to take a meaningful position in stocks with $50.to I $100/+ PRICE TAGS, I do very well with stocks under $5.
Have done very well with eCobalt which I bought early in the sunup because there was so much hype about lithium for batteries, but lithium ion batteries use far more cobalt then they do lithium.
THERE IS ACTUALLY A TOWN IN NORTHERN ONTARIO CALLED cobalt BECAUSE OF THE NUMEROUS COBALT DEPOSITS IN THE AREA AND A NUMBER OF OLD MINES IN THE AREA ARE BEIN REVISITED BECAUSE OF THE INCREASED DEMAND AND RESULTING PRICE RISE.
MY FAVOURITE PICK in the sector is CRUZ Cobalt CRUZ-V which controls half a dozen promising deposits in the area as well as several in the U.S..
TakeProfits, There is indeed great interest in #cobalt equities, as can be ascertained by the frequent ongoing discussion at the following link: https://www.stockgumshoe.com/2018/01/microblog-scandium-cobalt-and-water-purification-clean-teq-holdingsvolume-2-2018/
AND https://www.stockgumshoe.com/2016/07/microblog-storage-of-electricity-batteries-big-image/
CRUZ .V website: http://www.cruzcobaltcorp.com/
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Long $ARRRF, $CTEQF, $PTNUF, $COB.asx, $CLQ.asx, $ARL.asx, $AUZ.asx, $BRTPF and others. #Best2YOU!