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Wally Fairway

By Wally Fairway
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Blotto

Blotto 24010

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5 minutes ago, Wally Fairway said:

Well that was quick - at least I got 80% of my money back, and it is floating around my entry point. 
I'll wait a little bit; classic pump and dump playbook action though

looking at the volume, somebody wanted out pretty bad, so they sold 10+M shares at about 50% of the prior transaction, and it took a little while to fill that volume.

probably the CEO.

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Hank_Hill
Hank_Hill

Haven't mentioned it because didn't need naysayers because it is stupid, but I'm a med student doing this almost purely on my student loans while they're at zero interest. I've made +$20k since Decemb

Hank_Hill
Hank_Hill

The real treasure is the friends we make along the way

BradInATX
BradInATX

As long as 700% APR payday loans exist, you can fuck right off with "protecting people from themselves".

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RCRanger03

RCRanger03 1049

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COMPANY ALSO PROVIDES UPDATE ON THE CURRENT TRAJECTORY OF ITS GENVIRO! COVID-19 PROFESSIONAL TESTING SWIFT KIT, FDA STATUS, MEDIA AND CONGRESSIONAL SUPPORT

LOS ANGELES, CA / ACCESSWIRE / April 23, 2020 / Decision Diagnostics Corp. (OTC PINK:DECN) through its subsidiary Pharma Tech Solutions, Inc. the manufacturers and design specifiers for the :15 GenViro! Professional Swift Kit for testing Covid-19 testing, today announced that it plans a second EUA submission for an individual home testing version of the GenViro! Swift Kit for home testing. Decision Diagnostics is an 18-year old, diabetes and now infectious disease testing bio-technology development firm, high-level manufacturer, quality plan administrator, FDA registered medical device customer support organization, and exclusive worldwide sales and regulatory process agent for its own proprietary regulated medical devices.

In addition to the announcement of its home testing submissions, the company is also providing an update today on several other critical business objectives and milestones. Our GenViro! Covid-19 test kit is currently in the FDA EUA review process (more about this below). We have received the Pre-EUA Acknowledgement letter from the U.S. FDA for device (serial number) PEUA200232, GenViro Covid-19 Screening Kit. In the next week we plan to ask the FDA through counsel, as other companies have, for a conditional but immediate EUA approval subject only to completion of testing. This conditional approval will replace the Pre-EUA designation and allow the company to begin large scale preparation of kits.

FDA Emergency Waiver (EUA) Progress

As previously stated, we were granted a Pre-UEA (PEUA) by the U.S. FDA on April 4, 2020, PEUA200323, for our GenViro! :15 Swift kit for the testing of Covid-19. The PUEA is the formal notification from the FDA that a file (product) is under review for EUA clearance, that a reviewer has been assigned, and that testing protocols have been exchanged.

Subsequent to this grant, we have had two long conversations with FDA staff and management, the first of these discourses between our FDA counsel and FDA staff, the second conversation, on April 14, 2020, between our FDA counsel, DECN management and DECN technical and product development professionals. The purpose of these calls was to clarify and differentiate our GenViro! Swift kit, Pro Version, from the myriad of antibody/antigen methodologies that our product has been inaccurately compared to, primarily in public, but not scientific forums.

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Discussions with FDA staff and management have focused on the differences inherent to our Genviro! Swift product, those differences that add to GenViro!'s value in use. For example the FDA is concerned with reagent and sample contaminants that may be present during testing, primarily because the samples taken from a patient using current methods must travel from the site of the patient to a laboratory for assay. This travel at times takes hours, sometimes days. GenViro! Swift does not make use of any reagent to provide a result. Therefore there will be no sample contaminant. Also, the patient sample it makes use of, a small drop of blood, does not have to travel. In fact the assay and answer are provided on the spot, in 15 seconds, right in front of the patient. We believe we have completed discussions and have come to an understanding with the FDA on all of the testing required to receive the EUA. We plan to engage a specialty reference laboratory to complete this testing in the next 10 days. Testing should take about a week.

 

On April 13, 2020 the company engaged a publicist and a lobbyist. The publicist has engaged three media outlets, who have shown great interest in the story of GenViro! Swift and want to interview DECN CEO Berman. One has already run a short introductory description of the product and is preparing a longer, more involved segment and has already accepted a number of visuals from us for the report. It is interesting to note that the media outlets are well versed in Covid-19 testing methods and are excited about GenViro! Swift not just for its promise but also because it is so different and so much faster to report than other methods currently available.

In addition, the company's lobbyist has engaged several influential members of Congress who have spoken at length with the company and its representatives. The Congressmen have agreed to carry the ball on behalf of the company, beginning with direct communication with the Pence Covid-19 Task Force. This process began on April 20. The company's goal for GenViro! is not just to receive EUA approval from the FDA, but when this approval is received, to become the go-to testing solution, in demand by Professional organizations as well as Fortune 500 companies, even sports teams.

New markets for our GenViro! have also been recently identified, the latest -- large businesses, Fortune 500 companies, seeking to reopen for business in the next month or two. This is perfect timing for the availability of kits. Some of these businesses have already contacted the company and even tried to place large purchase orders for GenViro! Swift kits, using the first in line principal, so that they may test and retest returning employees. No other test kit can accomplish this. The company has also accepted inquiries from restaurant chains and drinking establishments -- places where people congregate. We believe an outgrowth of this new market will be that off-duty nurses, medical technologists licensed to draw blood, and off duty pharmacists will be in large demand. The company has even been contacted by a sports franchise/league for the testing of players and ticket holders.

GenViro! for At-home (Individual) Use

Our original plan for GenViro! was to offer a single kit containing two PFUs (user's guide), one for Professional Use, one for at-home individual use. Otherwise, the contents of the kits were identical --- 3-test strips, 5-lancets, 1-check strip. However, as March moved into April it became clear that the FDA was not approving individual at-home use kits. So in order to move its application along within the EUA review system, DECN removed all of the description and data owing to the individual at-home kit. And now we bring it back -- by demand.

On April 21, 2020 the FDA approved an at-home sample collection device for Covid-19 testing, allowing individuals to purchase the collection kits, collect their own samples and then use the mails or other package service to deliver the sample to a laboratory for assay. Oftentimes government moves slowly, but they also tend to build large doors and then open them. DECN views this as an opportunity to become the first company to provide an all-in-one, immediate result, individual at-home Covid-19 test kits with its GenViro! Swift kit for at-home use. We intend to file our stand-alone EUA application for the individual use GenViro! Swift kit by May 1. We anticipate the application to include data gleaned from our GenViro Professional kit application. We also anticipate a request to direct us to conduct a donor study of a modest group of donors. We have already identified a group in Pennsylvania to make use of the Genviro! Swift Home kit. Additional testing required for this kit is anticipated to take less than a week.

Unanticipated Large Response from Large Corporations

A question that has been on everyone's mind has been how will America go back to work. On April 20, the company engaged Universal Response LLC to manage the sales we expect from the transitioning of the country from shelter in place guidance to a back to work environment. Customers that the company has been introduced to are ready to place orders.

The key will be to test, as best as possible and on the spot, employees returning to work while at the same time providing individuals with a way they can test themselves for the virus at home. Employees and individuals testing at home and at work is a remedy for controlling the impact of the virus. Current testing methods simply do not meet the requirements that will be necessary for employees to keep themselves safe and also allow employers to keep their businesses up and running. Without immediate results, testing just won't work the way it must.

PharmaTech Solutions GenViro! "Swift Kit" testing kit will provide the quick answers individuals and employers need. It provides results on the spot with no delay. While the FDA assesses how to move forward with this technology, the company is moving to work with a large health care products distributor who has already received requests for the GenViro! Swift kits. Outlets ranging from Fortune 50 corporations to professional sports leagues have shown strong interest. The company estimates it will be asked to produce 1 million "Swift Kits" per month through the end of the year just for the "back to work" markets, based on the rapidly building demand.

FDA authorization for a test of the technology is more warranted than ever as demand for the "Swift Kits" rapidly expands. When available, the "Swift Kit" will provide an immediate, affordable and sure way to identify those that are infected with the Covid-19 virus and allow American's to get back to work.

ABOUT DECISION DIAGNOSTICS CORP

Decision Diagnostics Corp. is the leading manufacturer and worldwide distributor of diabetic test strips engineered to operate on legacy glucose meters. DECN's products are designed to operate efficiently and less expensively on certain glucose meters already in use by almost 7.5 million diabetics worldwide. With new inspired technology diabetic test strips already in the final stages of development, DECN products compete on a worldwide scale with legacy manufacturers currently selling to 71+ percent of a $15+ billion at-home testing market. The company's new GenViro!™ product designed to test for the Coronavirus Covid-19, is not yet available in the United States or Puerto Rico but Emergency Waivers are in process, and the product concept has been presented to officials in Washington, DC and members of Congress by invitation.

Forward-Looking Statements:

This release contains the company's forward-looking statements which are based on management's current expectations and assumptions as of April 22, 2020, regarding the company's business and performance, its prospects, current factors, the economy, and other future conditions and forecasts of future events, circumstances, and results.

 

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GRHorn

GRHorn 105

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Thought I’d throw out a speculative buy I did yesterday. $BIO has started shipping antibody test for Covid. Claiming 99% specificity, 98% sensitivity. With those numbers it’s superior to any antibody testing out there. Antibody testing will be a centerpiece of opening up country. They’ve applied to FDA for emergency use. It’s a $10B so they should have capability to ramp production quicker than some of these small caps getting into testing. Thoughts @ChiTownDoc ?

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RCRanger03

RCRanger03 1049

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Short of it tanking, (I was going to make a decent exit at .6) I like the news actually especially the stuff about the Gov connections, I'm staying in with my remaining shares and bought a few on the .22 dip

Keep ear out on the Ohio Gov presser this afternoon he mentioned partnering with an unnamed pending approval serology quick test yesterday (NBY is another candidate), and if Trump gets wind of it from that and the task force connection he might mention even though it's not approved at one of his daily briefings.

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Wally Fairway

Wally Fairway 5673

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Lessson #1, as we've seen as recently as today, buy the hype & sell the news
and 100% pump and dump, with over 100M shares of DECN trading so far today, only manipulators working volume like that on a $50 err $40 err  $30 million market cap company

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Blotto

Blotto 24010

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29 minutes ago, Wally Fairway said:

Based on this article I'm tempted to go all in on index funds

https://www.cnbc.com/2020/04/23/jim-cramer-stop-buying-index-funds-and-buy-these-covid-winners.html

Lulz at that choad recommending IBM as a safe individual stock pick over the index funds. They were trading at a slightly higher price 10 years ago than they are today. The S&P was around 1100 at the same time. 

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Fudge Nuggets

Fudge Nuggets 19449

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49 minutes ago, Blotto said:

Lulz at that choad recommending IBM as a safe individual stock pick over the index funds. They were trading at a slightly higher price 10 years ago than they are today. The S&P was around 1100 at the same time. 

Yeah, I have 100% of the equity portion of my 401k in index funds.  Not a dime of it in company stock other than what is included in those index funds.

IRA... yep, index funds.  Every freaking cent.

Degenerate gambling TDAmeritrade account... all sorts of shit co's, good co's, bullshit leveraged ETF's, etc. 

Guess which one of the three is by far the worst performer over the last 10 years?

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Anastasis

Anastasis 23714

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12 minutes ago, Fudge Nuggets said:

Yeah, I have 100% of the equity portion of my 401k in index funds.  Not a dime of it in company stock other than what is included in those index funds.

IRA... yep, index funds.  Every freaking cent.

Degenerate gambling TDAmeritrade account... all sorts of shit co's, good co's, bullshit leveraged ETF's, etc. 

Guess which one of the three is by far the worst performer over the last 10 years?

You can have my leverages etfs when you can pry them from cold dead hands. 
 

made more off them today than I did in my real job.  Also blew up more money in them In a single day than I made in my real job in month. But yolo.  

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Fudge Nuggets

Fudge Nuggets 19449

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7 minutes ago, Sam Lin said:

The good co's?

The degenerate gambling TDAmeritrade account.  Bullshit leveraged ETF's are the worst performers in it.  Good co's / shit co's are about a wash.  I would be a lot better off just using the same strategy as the 401k; put in $X every month into $SPY and forget about it.

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Fudge Nuggets

Fudge Nuggets 19449

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1 minute ago, Anastasis said:

You can have my leverages etfs when you can pry them from cold dead hands. 
 

made more off them today than I did in my real job.  Also blew up more money in them In a single day than I made in my real job in month. But yolo.  

I participated in the $XIV nuclear bomb.  Bought it 10 minutes before the close the day it imploded and was up 5% in those 10 minutes.  Five minutes into after hours I was down 98% and had no idea until the fat lady was already singing.

Fun times.

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Anastasis

Anastasis 23714

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1 minute ago, Fudge Nuggets said:

I participated in the $XIV nuclear bomb.  Bought it 10 minutes before the close the day it imploded and was up 5% in those 10 minutes.  Five minutes into after hours I was down 98% and had no idea until the fat lady was already singing.

Fun times.

But still better in the long run than heroine. 

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mulletpelini

mulletpelini 5225

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8 hours ago, fattyflattie said:

Drinking beer 6-8' apart in driveway with neighbor on Monday. 

Neighbor "I'm going to dump a few grand into Oasis".   

Me: LOL goodbye $$$.   

Neighbor today: "Man did you get in?  This is going straight to the fuckoff account". 

Me: :(

Blue horseshoe loves Oasis

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workswithseed

workswithseed 2204

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2 hours ago, Fudge Nuggets said:

I participated in the $XIV nuclear bomb.  Bought it 10 minutes before the close the day it imploded and was up 5% in those 10 minutes.  Five minutes into after hours I was down 98% and had no idea until the fat lady was already singing.

Fun times.

oh my god omg GIF

Damn, that fucking sucks.

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52-80

52-80 19377

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6 hours ago, Blotto said:

Lulz at that choad recommending IBM as a safe individual stock pick over the index funds. They were trading at a slightly higher price 10 years ago than they are today. The S&P was around 1100 at the same time. 

i wish CNBC would disappear

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Wally Fairway

Wally Fairway 5673

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6 hours ago, Fudge Nuggets said:

The degenerate gambling TDAmeritrade account.  Bullshit leveraged ETF's are the worst performers in it.  Good co's / shit co's are about a wash.  I would be a lot better off just using the same strategy as the 401k; put in $X every month into $SPY and forget about it.

Yup

I have cash on the sideline, and have wanted to build a bigger position in SPY for the last month but waiting for it to fall. I'm not smart enough to have realized it was running away from me.

It also allows me to trade sitting around a covered position, which is way less risky than going naked and having to deal with in the money expiry.

BUT I'm thinking today, or this weekend, is when it all turns in my favor. (fuul disclosure, I've thought that for at least 3 of the last 4 weekends...it is like JPow is trolling me)

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ChiTownDoc

ChiTownDoc 21345

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20 hours ago, GRHorn said:

Thought I’d throw out a speculative buy I did yesterday. $BIO has started shipping antibody test for Covid. Claiming 99% specificity, 98% sensitivity. With those numbers it’s superior to any antibody testing out there. Antibody testing will be a centerpiece of opening up country. They’ve applied to FDA for emergency use. It’s a $10B so they should have capability to ramp production quicker than some of these small caps getting into testing. Thoughts @ChiTownDoc ?

I have a small play with Henry Schein who does some of these.  Quality is an issue and lots of companies will be able to do them.  I don’t see any one of these as much better than the next to be honest.  But that’s not the STONKS spirit so I’ll look harder...

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LTtxfan

LTtxfan 49963

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1 hour ago, Wally Fairway said:

Yup.  I have cash on the sideline, and have wanted to build a bigger position in SPY for the last month but waiting for it to fall. I'm not smart enough to have realized it was running away from me.  It also allows me to trade sitting around a covered position, which is way less risky than going naked and having to deal with in the money expiry.  BUT I'm thinking today, or this weekend, is when it all turns in my favor. (fuul disclosure, I've thought that for at least 3 of the last 4 weekends...it is like JPow is trolling me)

 

giphy.gif

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Wally Fairway

Wally Fairway 5673

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So I decided to look at DECN to see what is happening today......trading is halted, doesn't look like it opened today, quick look I don't see any announcement

Maybe a deal in the works, maybe looking at market manipulation the last few days, maybe dickbutt - I don't know shit, except I'm out

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hornbri

hornbri 1508

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53 minutes ago, Wally Fairway said:

So I decided to look at DECN to see what is happening today......trading is halted, doesn't look like it opened today, quick look I don't see any announcement

Maybe a deal in the works, maybe looking at market manipulation the last few days, maybe dickbutt - I don't know shit, except I'm out

https://www.sec.gov/litigation/suspensions/2020/34-88735.pdf

Yeah they got suspended

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RCRanger03

RCRanger03 1049

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2 hours ago, Fudge Nuggets said:

These pump and dumps happen every day, I wonder who DECN pissed off to actually get in trouble over it?

I'm holding the bag on some buy low shares when things tanked, because I actually liked the news... there is going to be an emergency presser on Sunday night to address the suspension. It's frozen until May 7th for the investigation so either those shares are in the wind (most likely), or they'll come out of the freeze with their FDA approval, home kit accepance planned for May 1st, and start shipping immediately.

Can't do anything but wait and see 

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Blotto

Blotto 24010

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47 minutes ago, The People’s Elbow said:

I have no idea what FB announced or didn’t announce. Just focusing on ZM, I think they were overbought. Looks like breakout above their resistance. That’s just my layman’s analysis. 

Their market cap is absolutely fucktarded. Everybody is jacking off about how many people are using zoom for free, when all that does is add to their infrastructure costs. Will they show some revenue growth, sure. But not enough to justify a $46 billion dollar market cap. My guess is that they will come back to earth and ultimately be an acquisition, as they will get fucking crushed in the long run by Microsoft and others that sell a hell of a lot more already into the enterprise sector. 

- Zoom - For $14.99-$19.99 a month/user you get a pro subscription  for zoom video conferencing

- Microsoft Office365 business enterprise. For less money per user as Zoom, you get Teams (video conferencing/collaboration), Exchange, Office for PCs and phones/tablets, SharePoint, OneDrive, plus other shit. 

Zoom probably has a lot of companies locked into 12 months deals that were signed over the last year. Companies will be hyper focused on cutting costs, and the next time that renewal comes around, its going to be hard to justify Zoom when they likely already pay for office 365. 

Every week now, I am invited to meetings on Zoom, Webex, Teams, Skype, and some other oddball platforms. They all do the same shit, and Zoom is not head and shoulders above the rest. They have no technological moat, just a buzz. After that wears off, they will be looking to sell the same way that Webex ultimately sold to Cisco. As a reference point, at the time that Cisco purchased Webex (2007) for $3 billion dollars, Webex made  a $50 million profit on $300 million dollars of revenue. Zoom currently sports a $46 billion market cap and made a $25 million dollar profit on $600 million of revenue.  

 

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RCRanger03

RCRanger03 1049

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RCs pump and dump pick for next week and for degenerate gamblers

UAVS (drones) apparently has a big announcement on Thursday for a major business contract potentially Amazon or Walmart (or buy VISL at a third the price and hope there is spill over excitement for bigger gains).

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