WHY YOU MUST OWN BITCOIN
Thursday, December 7, 2017
Wednesday, December 6, 2017
Bitcoin Payments Leader BitPay Raising $30 Million in Series B Funding Led by Aquiline Technology... | Business Wire
Bitcoin Payments Leader BitPay Raising $30 Million in Series B Funding Led by Aquiline Technology... | Business Wire: Blockchain payments leader BitPay announced today that it is raising $30M in a strategic Series B funding round led by Aquiline Technology Growth.
Jim Cramer: BitCoin is Like Monopoly Money
Cramer Warns on BitCoin!
Cramer: Bitcoin is like 'monopoly money' — this is pure gambling from CNBC.
Cramer: Bitcoin is like 'Monopoly money' — you're better off gambling in Vegas https://t.co/HElzcUnRM2— CNBC (@CNBC) December 6, 2017
IRS Orders Coinbase Exchange To Handover Data
Saturday, December 2, 2017
IRS Orders Coinbase Exchange To Handover Data
#Bitcoin futures will make it easier to trade the cryptocurrency—but the most noticeable impact could be to the downside https://t.co/afve5UyiYV
— Barron's (@barronsonline) December 2, 2017
Bitcoin exchange Coinbase has been ordered to hand over customer data to IRS https://t.co/z7ETK4P1hB pic.twitter.com/OMrykzlvzG
— CBS News (@CBSNews) December 2, 2017
Thursday, November 30, 2017
Tuesday, November 28, 2017
BitCoin Rewind 2013 : What Is A Bitcoin?
A simple guide to Bitcoin https://t.co/kiwMs9qIBn— tom renna (@StockPicker908) November 28, 2017
Bitcoin and the illusion of money https://t.co/WG2MubTZ4q via @BBC_Future— tom renna (@StockPicker908) November 28, 2017
The Telegraph Bitcoin, the 'new gold' - but what on earth is it? https://t.co/RzYcw4uSEB— tom renna (@StockPicker908) November 28, 2017
New york Times Bubble or No, Virtual Bitcoins Show Real Worth https://t.co/GDbsVVgHJ5— tom renna (@StockPicker908) November 28, 2017
Cornell University : Bitcoin and the Double-Spending Problem https://t.co/AZU0Izu8Zk— tom renna (@StockPicker908) November 28, 2017
How Bitcoin Works Under the Hood https://t.co/PjEeDMLRC6 via @YouTube— tom renna (@StockPicker908) November 28, 2017
BITCOIN 101: A Beginner's Guide To The Unfakeable Digital Anarchist Currency Everyone's Obsessed With https://t.co/jO8Ag04N7P via @sai— tom renna (@StockPicker908) November 28, 2017
Geeks Love The Bitcoin Phenomenon Like They Loved The Internet In 1995 https://t.co/zMfdIQR6Nh via @bi_contributors— tom renna (@StockPicker908) November 28, 2017
Financial Times Definition of Bitcoin https://t.co/q2Khaz5XYa— tom renna (@StockPicker908) November 28, 2017
The Well Deserved Fortune of Satoshi Nakamoto, Bitcoin creator, Visionary and Genius https://t.co/mEKd7Bknao via @wordpressdotcom— tom renna (@StockPicker908) November 28, 2017
Bitcoin explained: what is Bitcoin? https://t.co/JVnvP1mQW5— tom renna (@StockPicker908) November 28, 2017
I Bought a Bitcoin: How I Joined a Virtual Currency Megabubble https://t.co/Dt8YuKufhA via @intelligencer— tom renna (@StockPicker908) November 28, 2017
Bitcoin prices surges as post-Cyprus bailout https://t.co/TO4DtHp5fb via @CNNMoney— tom renna (@StockPicker908) November 28, 2017
Fool's Gold— tom renna (@StockPicker908) November 28, 2017
Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse. https://t.co/dKiHGY6eOW
Bitcoin: CNBC Explains https://t.co/SYqN7ugtkJ— tom renna (@StockPicker908) November 28, 2017
Tweets by StockPicker908
Monday, November 13, 2017
Equities Research Removes Overstock From Buy List: Drops Coverage
This Bull
is Giving Up
Over the Summer I read an article about Overstock (NASDAQ
OSTK: $56.30) at ZeroHedge. I
learned more about the ICO space after visiting the Securities and
Exchange Commission web site and thought that Overstock
was on to something and appeared to be a first mover in the blockchain
technology space. In late August Overstock reported their quarterly
financials that were not that impressive and I didn't find the stock overvalued
to be a short pick nor did I think it was so cheap that it was attractive to be
a long pick. But after reading the Conference Call
transcript and hearing more about the ICO space, I thought it
would be a good idea for my subscribers to speculate on and I added it to
my August 25th Long
Idea List for subscribers and wrote in my note that I thought
shares could fetch over $100 if it could get caught up into the ICO euphoria.
Well within 3 months the shares have skyrocketed up nearly $37.00 for a 188% gain.
This past week on the World Wide Web, specifically Twitter, Overstock has erupted into a Bull/Bear battle. I avoid battle ground stocks and have decided to remove OSTK from my buy list and suggest my subscribers take profits and that I will no longer be covering this ticker.
I may be very wrong and the shares may go to $100+, but I would rather be conservative and safe, it would be horrible if the shares returned to the teens and subscribers end up not making a dime.
The company does not have that many shares outstanding and with a large short interest the shares can really fly but I would rather stick to fundamentals and avoid this hot story.
Check out this chart from StockCharts.com for OSTK
Well within 3 months the shares have skyrocketed up nearly $37.00 for a 188% gain.
This past week on the World Wide Web, specifically Twitter, Overstock has erupted into a Bull/Bear battle. I avoid battle ground stocks and have decided to remove OSTK from my buy list and suggest my subscribers take profits and that I will no longer be covering this ticker.
I may be very wrong and the shares may go to $100+, but I would rather be conservative and safe, it would be horrible if the shares returned to the teens and subscribers end up not making a dime.
The company does not have that many shares outstanding and with a large short interest the shares can really fly but I would rather stick to fundamentals and avoid this hot story.
Check out this chart from StockCharts.com for OSTK
Congrats to Cohodes on strong $OSTK call at Grants' conference. Citron is cautious at these prices. Would wait for more details on ICO which seem to be too ambitious in current ICO environment. It has now gone to black box investing. Good read https://t.co/Ydk5u1VSlI— Citron Research (@CitronResearch) November 10, 2017
Friday, November 10, 2017
Equities Research Long Stock Picks Up 84% in 10 Weeks!
#EquitiesResearch November StockPicks are out. If you never subscribed, you should order picks today. Longs/Short Picks. email thomasrenna@gmail.com now!
Equities Research Long Pick OverStock Up $30 in 10 weeks
Long Picks from Aug 25th
Short Picks From August 25th
Equities Research Back to School Picks
Archives
In 28 years I have made many outstanding picks, here are some of top short ideas
If you been following me and never subscribed to my Picks , you should really subscribe today. $`500 for this month's list of long and short picks.
Long Picks from Aug 25th
Short Picks From August 25th
Equities Research Back to School Picks
August 25, 2017
*Retail Investors $500
*(retail investors only receive Company Name, Ticker and Price Target)
Long Pick:
Overstock (NASDAQ: OSTK) $19.50
price target: $100.00+
Overstock the ICO “pure play”
Nathan's Famous (NASDAQ: NATH) $56.00
price target; $70.00
LONG PICK
MICROSOFT (MSFT) $73.00
Price Target L/T $125.00
Short Pick:
Titan Machinery (NASDAQ: TITN) $16.00
price target: $7.50
SHORT PICK
Caterpillar (NASDAQ: CAT) $115.00
price target: $86.00
SHORT PICK
CONN's (NASDAQ: CONN) $19.75
price target : $9.25
Archives
In 28 years I have made many outstanding picks, here are some of top short ideas
December 2013: Short Conn $78
July 2016 : Short Noodles $10
February 2013: Short Stratasys $86
April 2015 : Short A. Schulman $48
February 2013 : Short Titan Machinery $28
March 2016: Short Under Armour $42
April 2012 :
Short Chipotle $440 on mentioned in CNBC clip
Short Chipotle $440 on mentioned in CNBC clip
October 2014
Long Recommendations (from Stone Interview)
Tom Renna: I’m bullish on social media and believe it will be the hottest sector for several years. The Global X Social Media ETF (SOCL), which consists of a basket of social media stocks such as Facebook, LinkedIn, Yelp, Zillow, Groupon, Pandora, Shutterfly and top sites like Google and Yahoo, is definitely a place to invest your money. It’s just under $20 a share and every investor should own it because it will be worth $100 a share in five years.
Thursday, November 2, 2017
5 LARGEST PUBLIC COMPANIES GAIN $1.1 TRILLION
The top five largest public companies based on market capitalization have gained over $1 trillion from October 31,2015 thru October 31,2017.
Thursday, October 19, 2017
Only 16 Short-Selling Hedge Funds Remain
Institutional Investor: Warren Buffett’s Mosquito: Mark Cohodes, the short-selling chicken farmer who is facing off against the world’s greatest investor.
Tweets by AlderLaneeggs
Tweets by AlderLaneeggs
Monday, October 2, 2017
Tuesday, September 12, 2017
Thursday, August 31, 2017
Titan Machinery Reverses FY2018 Guidance From Profit to ($-0.35) Loss
Titan Machinery today lowered FY2018 guidance which CONFIRMED that its Q1 Conference Call in May was another PUMP AND DUMP.
Just 90 days ago when Titan reported another huge quarterly miss (loss) the stock was hammered in premarket only to have the Chairman go on the morning conference call at the market open to PROCLAIM that the company although had Q1 losses would BE PROFITABLE in FY2018.
The stock IMMEDIATELY RALLIED and shot up 30% off its morning low!
Within 24 hours the stock SOARED and sure enough the CHAIRMAN DUMPED HIS STOCK.
This morning the Chairman said in the Q2 press release that the Company WILL NOT BE PROFITABLE in FY2018 but instead would LOSE (-$0.35) a share in FY2018!
TITAN MACHINERY HAS BEEN PUMPING AND DUMPING STOCK FOR YEARS but the SECURITIES AND EXCHANGE COMMISSION continues to just looks the other way.
This post will be updated later today after the conference call as the company failed to disclose REVENUES in their morning press release regarding their NEW DISTRIBUTION channel with an entity outside of the AGRICULTURE/Construction Space
SALES DECLINED IN Q2 across every channel:
AGRICULTURE, CONSTRUCTION, RENTAL, SERVICE.
Follow the BELOW LINKS TO SEE HISTORY OF PUMP AND DUMP:
Earlier this year a SEEKING ALPHA author wrote an article saying Titan Machinery hasn't done anything Criminal to make stock go into the pink sheets. HERE IS MY REBUTTAL illustrating all the GAMES.
My rebuttal with links can be found below:
Just 90 days ago when Titan reported another huge quarterly miss (loss) the stock was hammered in premarket only to have the Chairman go on the morning conference call at the market open to PROCLAIM that the company although had Q1 losses would BE PROFITABLE in FY2018.
The stock IMMEDIATELY RALLIED and shot up 30% off its morning low!
Within 24 hours the stock SOARED and sure enough the CHAIRMAN DUMPED HIS STOCK.
This morning the Chairman said in the Q2 press release that the Company WILL NOT BE PROFITABLE in FY2018 but instead would LOSE (-$0.35) a share in FY2018!
TITAN MACHINERY HAS BEEN PUMPING AND DUMPING STOCK FOR YEARS but the SECURITIES AND EXCHANGE COMMISSION continues to just looks the other way.
This post will be updated later today after the conference call as the company failed to disclose REVENUES in their morning press release regarding their NEW DISTRIBUTION channel with an entity outside of the AGRICULTURE/Construction Space
SALES DECLINED IN Q2 across every channel:
AGRICULTURE, CONSTRUCTION, RENTAL, SERVICE.
Follow the BELOW LINKS TO SEE HISTORY OF PUMP AND DUMP:
Earlier this year a SEEKING ALPHA author wrote an article saying Titan Machinery hasn't done anything Criminal to make stock go into the pink sheets. HERE IS MY REBUTTAL illustrating all the GAMES.
My rebuttal with links can be found below:
Thanks for the mention.
You mention that you didn't you see anything that the company has done that is criminal so you don't see the company blowing up.
I think it would take a criminal investigator to make that decision.
For instance , has any agency ever investigated the suspicious trading in the stock prior to the 8K filing when the auditor suddenly resigned? http://tinyurl.com/kkc...
Have you or any agency ever investigated the suspicious trading in the stock on the session prior to the company issuing a press release that the company announced they were abruptly closing stores?
Has any agency ever investigated the lack of "related party transactions" disclosure regarding the construction company that has done the work building out locations. http://tinyurl.com/mya...
In the quarter that the company inflated their assets and under reported losses by 50%, has any agency ever investigated that disclosure? http://tinyurl.com/k9x...
Has any agency investigated the HYPE EPS estimates made by the Penny Stock Firm located in Minnesota (FELTL) saying the company would earn $0.37, only to see the company report a loss of over a ($1.00) 6 months later? http://tinyurl.com/ke4...
Has any agency investigated who is running Dealer Sites? You mention Dealer Sites had those lease agreements with Titan prior to going public but the percentage ownership of 30% is incorrect. It was nearly 100%. Are you aware that in 2013 they increased the lease agreement from $50 million to over $100 million?
Does anyone know how many of the stores that still remain are on properties owned by Dealer Sites? Have any of the stores that closed on property owned by Dealer Sites?
Was there anything wrong When the Chairman hyped up his stock when he was featured on CNBC Mad Money with Jim Cramer and then 30 days later he and the CEO sold 500,000 shares @ $28 (note there are only 21 million shares out).
More notes on Selling into Hype here .. http://tinyurl.com/kk4...
I am not sure if any of these activities are criminal, I'm just not as confident as you that they are not.
I can dig up more notes later to post here.
As far as risk reward in owning shares here at the $15 level, what are your thoughts?
The company this month said they were closing 15 USA stores by July 31st (almost 20% of USA locations) and gave guidance that sales will decline in FY2018 and they company would not be profitable again for the 4th consecutive year.
If they were to earn $0.05 a share in FY2019 , do you think the company deserves a Price Earnings Multiple of 300 based on FY2019 earnings estimates?
You mention that the company has available Credit of $500 Million, but that is not really true because the covenants of their Loan agreements won't permit them to exceed their current ratios.
Although you correctly note that the company "had" $52 million on Jan 31,2017, that number has declined after they paid out $15 million to WFC since that date.
There's so so much more for me to comment about this company but I have to go somewhere this morning.
Friday, August 25, 2017
Back to School Newsletter Picks Available Now!
Tom Renna began his professional career on Wall Street 28 years ago after graduating Rutgers University. In 2005 Tom founded Equities Research LLC, a small boutique investment research firm where he provides market research analysis and consulting services to both Issuers (private and public) and Wall Street professionals. Tom's experience as an investment banker, financial advisor, institutional equity broker, bond broker, entrepreneur and director of a public company gives him the unique ability to see all sides of Wall Street. Tom provides invaluable insight to both issuers and investors, from the novice to top Wall Street executives. In 1997 Tom was an original owner of Newsgrade Corporation, a private online publishing company that annually generated millions of timely and actionable automated unique stories that were streaming on Bloomberg Terminals for institutional investors. By 2003 Tom had become Managing Director of National Sales for Stockdiagnostics.com, a subsidiary of Newsgrade that he helped to create. Tom has made some of the top long and short calls over the last 25 years on Wall Street and his work has been mentioned on CNBC TV among other financial news sources.
email Tom directly: thomasrenna@gmail.com
Since graduating Rutgers University (B.A.) in 1990, Tom has worked in the financial industry in various capacities.
• Founder of Equities Research 2005
• Stock Picker and Author of the weekly, Tuesday Market Commentary, published at Global Investor Services, Inc., (formerly known as TheRetirementsolution.com). (May 2007, ending Spring 2009)
• Large Cap, Mid Cap and Small Cap folios for GISV 7/5/08-4/21/09
• Stock Picker and Author of the famous weekly OPS Newsletter published by Stockdiagnostics.com
• Broker, Insurance Agent and Financial Planner , specializing in Municipal Bonds at J.B.Hanauer brokerage (now RBC DAIN)
• Accredited Asset Management Specialist - A.G. Edwards & Sons, Inc., St. Louis, MO, a full-service New York Stock Exchange Member Firm.(now Wells Fargo )
• Director of Business Development, CECS Corporation, Seattle, WA, a publicly traded holding company that specializes in the investment in technology companies. Also served on Board of Directors.
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Disclaimer.
All Newsletters, published by Equities Research, LLC , does not constitute a recommendation by Equities Research, LLC to buy, sell, hold any security, or to follow any particular trading or investment strategy. Also, the information provided should not be construed as an offer, or a solicitation of an offer, to buy or sell securities. An investor's best course of action must be based upon individual circumstances. EquitiesResearch.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of The Newsletters, or any of our services.
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Tuesday, August 1, 2017
Wednesday, July 19, 2017
Thursday, July 6, 2017
Is this Retailer Heading Back to An All Time ________
Equities Research is expecting Titan Machinery to Trade at NEW ALL TIME LOW.
Check out this chart from StockCharts.com for TITN
In 2012 Titan Machinery earned over $2.00 in earnings per share and the stock traded at an all time high above $30 a share. That May, Wells Fargo completed an $150 million convertible indenture (@ $43) offering to the company.
5 years later the company still has nearly 22 million shares outstanding but the market capitalization has declined from $700 million to $400 million. As of April 30,2017 the company has about $50 million in cash and still has $75 million of the Wells Fargo Indenture due in less that two years.
Top Short Pick: Titan Machinery (NASDAQ: TITN)
Most recent Quarterly Report FY2018 Q1 was released in May 2017.
Check out this chart from StockCharts.com for TITN
In 2012 Titan Machinery earned over $2.00 in earnings per share and the stock traded at an all time high above $30 a share. That May, Wells Fargo completed an $150 million convertible indenture (@ $43) offering to the company.
5 years later the company still has nearly 22 million shares outstanding but the market capitalization has declined from $700 million to $400 million. As of April 30,2017 the company has about $50 million in cash and still has $75 million of the Wells Fargo Indenture due in less that two years.
Top Short Pick: Titan Machinery (NASDAQ: TITN)
Most recent Quarterly Report FY2018 Q1 was released in May 2017.
Tuesday, July 4, 2017
Extreme drought threatens livelihood of northeast Montana farmers, effects could be felt across state
Potentially at least mid-90s highs in Billings, MT the next 14 days. Little chance of rain. Nation's worst current #drought to worsen. #mtwx pic.twitter.com/xy7FMdWvmz
— Jonathan Erdman (@wxjerdman) July 4, 2017
Farmers across Midwest are being Severely effected by possibly the worse drought in over 4 decades.
Extreme drought threatens livelihood of northeast Montana farmers, effects could be felt across state: For some of us, rain is an inconvenience, but for farmers like Kim Murray, precipitation is essential for maintaining his way of life.
Monday, July 3, 2017
Jim Chanos: U.S. Economy is Worse Than You Think
Jim Chanos: U.S. Economy is Worse Than You Think: The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” economic pipe dreams, and “portents of even worse things”
Friday, June 30, 2017
The Positive Contribution of Short Sellers
This week the President, Tom Farley, from NYSE Group Inc said short selling "feels kind of icky and Un-American"
Here is a May 22, 2003 Presentation by David Rocker to the House of Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprise titled:
"The Long and Short of Hedge Funds: Effects of Strategies for Managing Market Risk"
Included in the above link:
March 1999 Barron's:"A CROWDED TRADE"
February 2001 Barron's: "Fantasy Accounting"
Famed Short Seller Carson Block, founder of Muddy Waters Capital, was interviewed by Bloomberg later this week and took issue with Farley's comments.It's "un-American" to short?! I'd say it's more un-American to rig the markets so that no one can catch fraud. https://t.co/d2lrFukZ1k
— Bethany McLean (@bethanymac12) June 28, 2017
Here is a May 22, 2003 Presentation by David Rocker to the House of Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprise titled:
"The Long and Short of Hedge Funds: Effects of Strategies for Managing Market Risk"
Included in the above link:
March 1999 Barron's:"A CROWDED TRADE"
February 2001 Barron's: "Fantasy Accounting"
Short Seller Carson Block Fires Back at NYSE's ‘Un-American’ Jab -https://t.co/CVki1m9feq— Mae 🔍 (@NCMae) June 30, 2017
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