Stock Market is the bottom in?

Sure, and this is the lesson I keep forgetting. There are no rules with small cap stocks. Tilray is a $3B company. Any @whole with a hedge fund can sink a stock with that small of a market cap. They don't even move $100 million in shares a day, so one whale or a herd or reddit users can trample that damn thing.

Small cap can have some wild swings. But if the merger goes through, will it swing back up?
 
Did you read this? 5 of 6 analysts has it as buy, 1 has it as sell. They lowered the earnings forecast by .01 for 2025. I didn’t even know they went out that far. Maybe I read it wrong. That was a very positive article.
 
Small cap can have some wild swings. But if the merger goes through, will it swing back up?
Depends if the investors like it. I had pegged Duluth Holdings (DLTH) as a solid company years ago. I owned shares in them when they only had 9 stores and they were barely present online. They were growing by leaps and bounds, had no debt, and a nearly 60% gross margin. Sales were growing by 40% annually, they were opening stores at a manageable pace, and all were profitable right outta the chute. All I ever did was lose money on that stock. Buy at $17, give up at $10. Watch it go to $40, buy back in when it hits $20, give up when it hits $12. The company never faltered, but the stock got slapped around something awful.

Same thing happened with Sprouts Farmers Market (SFM). They came out swinging and were wildly successful. They were the common sense alternative to Whole Paycheck. Better prices, better food, growing footprint, wildly profitable. But they kept getting beat over the head with the threat that Amazon may get into the grocery business. 12% revenue growth yet today, 24% earnings growth, and they command a valuation that isn't one third of Coke, and Coke has had declining revenue for 4 straight years.

So I stay away from small caps. There is no method to the madness. Just fat kids sitting on skinny kids.
 
Did you read this? 5 of 6 analysts has it as buy, 1 has it as sell. They lowered the earnings forecast by .01 for 2025. I didn’t even know they went out that far. Maybe I read it wrong. That was a very positive article.

Yeah I read it. I don't take any of that stuff as gospel. Stocks go up and down. I think Dermtech is one of the few that is still a good buy and has good future growth potential, so it's what I am moving into.
 
DMTK news hit after the bell, could be a nice day tomorrow. Was having a nice day today until Biden opened his mouth. I think we turned the corner and now there is a big short position sitting out there that needs to be covered at some point.
 
DMTK news hit after the bell, could be a nice day tomorrow. Was having a nice day today until Biden opened his mouth. I think we turned the corner and now there is a big short position sitting out there that needs to be covered at some point.

Must have missed it. What did Biden say?


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Must have missed it. What did Biden say?


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doubling capital gains tax among a few other socialist statements.
 
doubling capital gains tax among a few other socialist statements.

Ouch. 4 year hold!!


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Looks like a good day coming for DMTK.


My stuff killed it yesterday. Looks good today too. Earnings this week from Apple and Amazon I believe. I have a fair amount of both. Tesla really had impressive earnings yesterday. Gamestop looks like its poised to go over $200. They announced the turn around plan yesterday AND issued 3.5 million shares and wiped out all of their debt and now have about $900 million in cash in the bank. Anyone shorting gamestop here is a fool.
 
Looks like a good day coming for DMTK.


My stuff killed it yesterday. Looks good today too. Earnings this week from Apple and Amazon I believe. I have a fair amount of both. Tesla really had impressive earnings yesterday. Gamestop looks like its poised to go over $200. They announced the turn around plan yesterday AND issued 3.5 million shares and wiped out all of their debt and now have about $900 million in cash in the bank. Anyone shorting gamestop here is a fool.
Big start for DMTK. I haven't found the news yet but rumor is they are reporting on phase 3 results for another product. This thing could fly as shorted shares have quadrupled the last 3 months.

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I bought some DMTK last week at $35 and 36. Looks like I should have more then 25 shares. :emoji_face_palm::emoji_face_palm::emoji_face_palm:. Hope you get yourself a nice steak tonight Chummer. You earned it.
 
Looks like a good day coming for DMTK.


My stuff killed it yesterday. Looks good today too. Earnings this week from Apple and Amazon I believe. I have a fair amount of both. Tesla really had impressive earnings yesterday. Gamestop looks like its poised to go over $200. They announced the turn around plan yesterday AND issued 3.5 million shares and wiped out all of their debt and now have about $900 million in cash in the bank. Anyone shorting gamestop here is a fool.
Well...I think I'd say anyone playing either side of gamestop is a gambler! :emoji_smile:
 
I got out of my DMTK today. It was fun to watch it go up and down but I don't actively trade normally and I feel like this stock might just settle down at a price once the volatility ends and that settle down price may not be what people want. Hopeful for the company but the volatility at this market cap is gambling.
 
Looks like a good day coming for DMTK.


My stuff killed it yesterday. Looks good today too. Earnings this week from Apple and Amazon I believe. I have a fair amount of both. Tesla really had impressive earnings yesterday. Gamestop looks like its poised to go over $200. They announced the turn around plan yesterday AND issued 3.5 million shares and wiped out all of their debt and now have about $900 million in cash in the bank. Anyone shorting gamestop here is a fool.

I have Apple as well, and this morning UPS is up $18 a share to $194.70. I think I bought it around $100. I feel UPS and Fedex are no-brainers long term.
 
I bought some DMTK last week at $35 and 36. Looks like I should have more then 25 shares. :emoji_face_palm::emoji_face_palm::emoji_face_palm:. Hope you get yourself a nice steak tonight Chummer. You earned it.
Not the news I thought and not quite news yet. Apparently CIGNA is going to approve billing. This will be a big deal. I think 10% of population has CIGNA.
 
Geez, I shouldnt have said anything about DMTK. Really crapped the bed in the after market.
 
Geez, I shouldnt have said anything about DMTK. Really crapped the bed in the after market.
No worries. One of theses stock twits put out a post that cigna denied approving it. Stock immediately tanked. That appears to be false. Who knows, it will shake out tomorrow. I did get chest pains when I was up 26k before market opened.
 
No worries. One of theses stock twits put out a post that cigna denied approving it. Stock immediately tanked. That appears to be false. Who knows, it will shake out tomorrow. I did get chest pains when I was up 26k before market opened.

What data do you have that is false? Just curious as a small timer who doesn’t trust anything on the internet


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What data do you have that is false? Just curious as a small timer who doesn’t trust anything on the internet


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Multiple sources reporting it was true one internet nerd saying it wasn’t. I am still not clear today. Cigna covers tests recommended like DMTK but not DMTK. Apparently an advisor assumed it would be covered but has not yet. Several sources reported the conclusion he drew. Someone Should get a visit from the SEC.
 
I don't think the big boys like us playing in their pond. Us "idiots" are disrupting their cozy home and I love it (I don't use RH by the way):


-John
 
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