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Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24990 posts

Looking at PRTY
missed today. Dropped 60% A Hold was issued by Research team....

Yahoo page on it

Just looking right now



Decisions
LSU Fan
Member since Mar 2015
1059 posts

re: Looking at PRTY


CarlBrutananadilews
Member since Oct 2019
138 posts

re: Looking at PRTY
It climbed 30 cents and it is at almost a 52/week low.


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Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24990 posts

re: Looking at PRTY
Ok... Been reading the report...etc here it is:
quote:


Party City now expects 2019 revenue in the range of $2.35 billion to $2.38 billion, down from $2.40 billion to $2.45 billion it forecast earlier.

Harrison said annual results would also include an impact from helium shortages, higher freight and distribution costs.

Party City cut its full-year earnings forecast to 84 cents to 91 cents per share, much lower than its prior range of $1.26 to $1.36 per share.

Analysts were expecting annual profit of $1.26 per share and revenue of $2.4 billion, according to IBES data from Refinitiv.

Third-quarter revenue fell 2.3% to $540.2 million, coming below the Wall Street expectations of $551.1 million, mainly hit by shortages in helium gas, known as a party gas used to fill balloons and make the voice squeaky.



First.. LMAO the things you learn while trading. Who knew there could be a helium shortage?

Which turns out to be a major problem in many fields

Used in medical field, laboratory particle accelerators — sometimes called atom smashers — that use electromagnetic fields to send changed particles at high speeds for physics research.

Helium also is used in space flight to pressurize the fuel tanks of liquid-fueled rockets, in satellite instruments, in aerospace for supersonic wind tunnels and even combined with oxygen to create nitrogen-free atmospheres for deep sea divers.

Without helium, there would be no weather balloons and no Goodyear Blimps, the oblong blue and silver airships that float over sports stadiums on game day.

A big reason for the shortage is that about 75% of all the helium comes from just three places: Ras Laffan Industrial City in Qatar, ExxonMobil in Wyoming and the National Helium Reserve in Texas, according to gas-trade publication Gasworld.com.

In Texas, the reserves are being depleted, while at the same time overall demand for the gas has been growing.




BACK TO THIS Trade. I am now looking to get in. Will post my entry.





Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1184 posts

re: Looking at PRTY
Just curious, but since you mentioned this was a trade, what’s your timeline and profit target for this?


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Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24990 posts

re: Looking at PRTY
quote:

Just curious, but since you mentioned this was a trade, what’s your timeline and profit target for this?



Not actually in it yet. Looking for the entry still. If I get in it will be a hold for 6 to 12 months. I will set my stops. And as usual with these, I will sell half when and if it equals my investment back. Retain the rest.



EDIT: Order filled at $2.24
This post was edited on 11/7 at 1:17 pm


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1184 posts

re: Looking at PRTY
That’s cool. You’ve got a plan.


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24990 posts

re: Looking at PRTY
Yep. These aren't day trades. Btw... I missed the entry price. Lol!!!

It dropped to 2.04. And already back to 2.16. I hate being wrong.




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TigerBalsagna
LSU Fan
tRedStick
Member since Jan 2015
484 posts

re: Looking at PRTY
When was the last time you saw real balloons at a car dealership?


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bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
12167 posts

re: Looking at PRTY
WOAH!!!!!


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