tag:blogger.com,1999:blog-754894216207950592.post6776556462273260222..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: NoName Annual Performance 2018-2019Dan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-754894216207950592.post-13953112851105363892020-04-20T18:36:04.046-07:002020-04-20T18:36:04.046-07:00Thanks Dan! What you're doing is brilliant......Thanks Dan! What you're doing is brilliant...can't wait to emulate...RalphiEboyhttps://www.blogger.com/profile/10918835088264607666noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-16628817805129409702020-04-20T18:34:16.715-07:002020-04-20T18:34:16.715-07:00Dan! What you're doing is brilliant...! ! ...Dan! What you're doing is brilliant...! ! ! I can't wait to emulate...RalphiEboyhttps://www.blogger.com/profile/10918835088264607666noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-18597233344913330062019-10-30T14:42:19.524-07:002019-10-30T14:42:19.524-07:00A recent observation of me is that beside some ver...A recent observation of me is that beside some very small companies also some extremely large companies are very favorably valued. Gazprom (MW of 87 BN!), for example, has a p/e of 3, p/b of 0.4, p/s of 0.7, yield >6%. This is cheaper than most nano stocks that you can find on OTC. The price has doubled recently but the stock is still extremly cheap. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-85876947957589260112019-08-14T14:19:18.793-07:002019-08-14T14:19:18.793-07:00My $1.15 payout from DYSL came through so I can co...My $1.15 payout from DYSL came through so I can confirm shareholders in street name did indeed get bought out. Their threat to treat all shares held in street name as one shareholder turned out to be BS. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-58358310220650284182019-07-12T06:37:36.864-07:002019-07-12T06:37:36.864-07:00Yes it'll be a share buyback
There is zero ri...Yes it'll be a share buyback<br /><br />There is zero risk the stock will no longer be traded. The company is de-registering from the SEC so will no longer have to file with the SEC but the stock symbol will still be there. They'll still have a transfer agent. I don't know what tier they will be on at OTCmarkets but the stock will still exist. <br /><br />You can read some more here: <br /><br />http://www.nonamestocks.com/2016/06/the-sec-allows-companies-to-go-dark.html<br /><br />http://www.nonamestocks.com/2016/10/brokerage-firms-otc-markets-and-dark.htmlDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-29763154670296560592019-07-12T00:15:10.188-07:002019-07-12T00:15:10.188-07:00OK thank you. The split actually has the same effe...OK thank you. The split actually has the same effect as a share buyback. <br />Isn't there a risk that the stock can no longer be traded on OTC/grey market etc. after the delisting (like a fully private company)? Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-9462580732321953862019-07-11T13:43:31.245-07:002019-07-11T13:43:31.245-07:00DEWY, HEMA, SIMADEWY, HEMA, SIMADan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-41880979057583140562019-07-11T13:16:04.195-07:002019-07-11T13:16:04.195-07:00So far I have not seen that a stock did go up afte...So far I have not seen that a stock did go up after a delisting. Or have you? Less transparency, lower liquidity and visability generally result in a fall in the stock price. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-11559292972373724052019-07-11T08:32:58.497-07:002019-07-11T08:32:58.497-07:00I think all people in street name will get cashed ...I think all people in street name will get cashed out but I don't know for sure. I remember HKFI threatening the same thing then they cancelled their reverse split because the costs got too high so I took that to mean they couldn't follow through with the threat. DYSL shows their cost coming up with the latest proxy so they are seeing the cost of the arbs. <br /><br />Either way I'm fine with holding my shares because I think it's cheap. I bought before news of this de-registration came out. De-registering will save them money and hopefully that'll improve operations. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-41968132261188288632019-07-11T00:28:33.409-07:002019-07-11T00:28:33.409-07:00In the announcement they said:
> If consummate...In the announcement they said:<br /><br />> If consummated, the proposed stock splits would apply directly only to record holders of the Company’s common stock. Persons who hold shares of common stock in “street name” are encouraged to contact their bank, broker or other nominee for information on how the proposed transaction may affect any shares of the Company’s common stock held for their account.<br /><br />As far as I know brokers usually keep their customer's shares in street name these days, so doesn't that mean that the cash-out won't apply to most small shareholders?Jaapnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-556737541397000942019-07-10T16:37:08.799-07:002019-07-10T16:37:08.799-07:00Yes I know about that. I still own all my DYSL an...Yes I know about that. I still own all my DYSL and actually have bought a bit more. The spread was bigger but it has narrowed some. Still not bad for an arb. <br /><br />I emailed the company to warn them of the arb costs coming their way and they didn't care. I don't know if they'll follow through or not, seems like they plan to at least<br /><br />I think it's a good buy long term anyhow. My main concern is if they'll keep communicating and in their proxy they said they'd keep posting at least annuals in some form. I think not quarterlies and I can't remember if they said they'd post bi-annuallyDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-9430820676553838112019-07-10T10:28:32.599-07:002019-07-10T10:28:32.599-07:00Dan, have you seen that DYSL is planning on deregi...Dan, have you seen that DYSL is planning on deregistering this summer?, share holders with less that 8000 shares will get cashed out at $1.15, current share price is $1.08 Seems like there is an arbitrage option there, buying 7999 shares would make around $560 after getting cashed out. Not sure what the annualized return is on that.<br /><br />https://www.otcmarkets.com/stock/DYSL/news/story?e&id=1346685<br /><br />I'm guessing the share price will drop once they deregister, I'll keep watching to see if it drifts down after the cash out and deregister process.<br /><br />david@elementaryvalue.comhttps://www.blogger.com/profile/17740644104181648493noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-54427534766999498762019-05-30T02:49:28.070-07:002019-05-30T02:49:28.070-07:00BTW price to book is probably overrated by value i...BTW price to book is probably overrated by value investors. It seems that past earnings are more important than price / book value. However, it is possible that this is less relevant for these very tiny stocks. Further, this finding is based on one (but not more) recent studies.<br />see here: http://review.chicagobooth.edu/accounting/2017/article/why-value-investing-buy-signal-out-dateMichuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-46685409961993460872019-05-27T20:44:39.330-07:002019-05-27T20:44:39.330-07:00No, not only because of the volatility. The spike...No, not only because of the volatility. The spikes are icing on the cake. <br /><br />Price is low. It's a low point on the chart. Low share count. No long term debt. Cheap relative to BV and revenue. I know it's weird to look at because of their Hong Kong JV. Yes they are losing money and so are so many of my other stocks. <br /><br />With the small size, low share count, and low price it will move a lot with any news or when anyone wants in. That's for sure a positive and something I look for. <br /><br />Take a look at a chart back to the 70s. They have survived a long time and have bveen down like this a number of times. They have kept going and the stock has seen some big jumps. <br /><br /><br />From 2001 to 2007 the stock ran from 0.50 to 35. That's what I'm trying to catch. What do you think sentiment was like when it was at 0.50?Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-50950389583406380612019-05-26T12:15:42.306-07:002019-05-26T12:15:42.306-07:00I noted that UUU made losses in the last years. Re...I noted that UUU made losses in the last years. Recently it recorded some positive op. cash flows and p/s and p/b are low. Do you hold this stock only because of the volatility (and because it is very small)? I think it could either recover or go slowly to cero if they can´t stop making losses. Difficult to evaluate. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-6190042868830045382019-04-29T19:56:54.104-07:002019-04-29T19:56:54.104-07:00Congratulations on TAIT! I hadn't heard of th...Congratulations on TAIT! I hadn't heard of that one. The latest annual came out a few weeks ago and numbers look great. I would guess that's driving the price increaseDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-30068151778582910742019-04-29T10:28:38.493-07:002019-04-29T10:28:38.493-07:00Congratulations on your 2018 performance! Hope the...Congratulations on your 2018 performance! Hope the good run continues. <br /><br />There is a micro-cap stock(ticker TAIT) that I added a small position in recently after reading an article on seeking-alpha. Fortunately, the stock appears to be doing well though I have no idea why. I was wondering if you'd looked into it and had anything more to add. <br /><br />Thanks,<br />GAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-30433965237258910112019-04-26T23:12:05.842-07:002019-04-26T23:12:05.842-07:00On the spikes I sell when it moves a lot because c...On the spikes I sell when it moves a lot because chances are it will drop back down. A spike of 100% or more I will almost surely sell into unless I think the stock is just amazing and I can't get rid of it. A spike of 20 or 30% is too small and I'm not confident I could get back in. So between there is the grey area. A spike of 70% I'm probably selling into but it all depends on the situation. 50% and I'm on the fenceDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-70568124970531287442019-04-26T23:09:39.828-07:002019-04-26T23:09:39.828-07:00Well the main thing I look at in that regard is lo...Well the main thing I look at in that regard is low share count. I like a low float as well which I check just based on share count - inside ownership. I want share count of like a few million ideally. <br /><br />How I sell is a big question. I don't sell very often and I do way more buying than selling. I try to hold a stock until the market makes me sell. I don't sell after any set gain or when a stock gets within some percent of a "intrinsic value." The story is always changing so I'm always evaluating. <br /><br />Let's see, over the past year I have sold only a handful of times. I sold a few stocks a couple months ago to buy a truck and trailer so that was not really stock based. I sold AETI and UUU into spikes. I sold a few shares of CVV in one account because I accidentally dropped below 0 with a purchase. <br /><br />Over the past 4 years probably most of my selling has been either into a spike or when I'm trying to buy something I like better. Only a few times have I sold a slowly moving stock that I thought got too high. One was ESCC. I sold some BDR this past year because it just rose too high. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-41459433740942191762019-04-26T06:25:01.487-07:002019-04-26T06:25:01.487-07:00How do you look for low float? Do you check tradin...How do you look for low float? Do you check trading volume e.g. on average or per day?<br /><br />When do you sell a stock? (I think this is more difficult than a buy decision). I think Graham sold stocks when they were going up by 50% or 100%. However, I think there is little basis for this kind of approach. Michuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-68290726406900469052019-04-25T20:33:30.830-07:002019-04-25T20:33:30.830-07:00also these spikes are usually done in a matter of ...also these spikes are usually done in a matter of minutes. Usually it's right at the open. It'll peak and fall within a half hour then it's gone. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-4724366273976558352019-04-25T20:29:40.603-07:002019-04-25T20:29:40.603-07:00Sometimes it's news and sometimes it's not...Sometimes it's news and sometimes it's nothing. It happens fairly often though. Probably a couple times a year I sell into a 100% gain or so with one of my stocks. It's happened with TCCO, VII/VCON, AETI, UUU, FORD. Maybe others. In FORD the last time I sold out there was a huge jump when an acquisition was announced. With UUU this past year I don't think there's been any news, one day it just has a ton of volume and shoots up. I would guess that's the work on some pump & dump but who knows. In the past on TCCO I've sold into contract news and then also there were some jumps of say 80% or 50% on no news at all. <br /><br />I am looking for maximum price movement so I go for low priced low float stocks. When news comes, or for whatever reason demand rises, I want the lowest supply so the stocks moves as much as possible. I specifically target low float, low priced stocks so in that way I guess I'm looking for these types of stocks. But I have no idea what stocks a pumper targets. I think pumpers just happen to look for the same type of stocks so I end up benefiting sometimes. It's like icing on the cake<br /><br />Sorry I don't know of any blogs or articles on this stuff. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-65210216325392743282019-04-25T06:31:37.092-07:002019-04-25T06:31:37.092-07:00Hi Dan,
Congrats on a great result!
Do you have a...Hi Dan,<br />Congrats on a great result!<br /><br />Do you have any pointers to articles / studies / blogs I could read to learn about the causes for the spikes you are seeing in some small stocks? e.g. UUU & AETI. Or could you comment on what you think causes these in general? Are they normally news based, or someone ramping the stock, or ? I appreciate they are illiquid small caps, but it seems crazy they move say 1-200% over a few days and then just drop back down... why would someone buy in at those prices unless the situations fundamentally changed, and if it has why doesn't the price stay up.<br /><br />Also, on the spikes, is this something you look for prior to buying in, or just something you have been able to benefit from so look out for? If it's something you look for, how do you find them? <br /><br />Thanks<br />Alan<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-30383707555555419982019-04-23T11:20:02.724-07:002019-04-23T11:20:02.724-07:00Yes, probably there are still good stocks availabl...Yes, probably there are still good stocks available in US. It really depends on your strategy.<br /><br />However, some global markets have another advanatage: Cheap stocks and cheap currencies at the same time, e.g. according to the Purchasing Power Parity, Turkish Lira is almost 80% undervalued and Russian ruble over 60%. On the other hand, U.S. Dollars are not cheap. <br /><br />Deviations from PPP damp out but only very slowly, at roughly fifteen percent per year. see also here. This could result in high extra Returns. <br />http://fx.sauder.ubc.ca/PPP.htmlMichuhttps://www.blogger.com/profile/03414971091277943787noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-76741972559912073982019-04-19T00:21:45.106-07:002019-04-19T00:21:45.106-07:00Thanks for the kind words, DavidThanks for the kind words, DavidDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.com