"Very bad omen" for meme stocks as novice traders stop investing

Business

Axios 16 July, 2021 - 06:33am 28 views

What are meme stocks?

Meme stocks are the shares of companies that have seen a recent surge in viral activity, which is usually fuelled by online social media platforms such as Reddit and Twitter. The buzz over a particular stock prompts retail traders to buy the stock with the knowledge that its share price will likely rise. CMC Markets5 Booming Meme Stocks to Watch in 2021

Why it matters: A handful of stocks, including GameStop and AMC Entertainment, attracted huge amounts of interest earlier this year thanks to online communities like Reddit.

State of play: One factor that turns a stock into a meme stock is that it attracts the attention of new traders who are committed to trading with hoards of buyers.

What they’re saying: DataTrek Research co-founder Nicholas Colas says this is a "very bad omen" for meme stocks.

The bottom line: Crazes never last, though there will continue to be weird reasons stocks may move up or down sharply over short periods of time.

An aerial view taken on July 16 shows a flooded area in Iversheim near Bad Muenstereifel, western Germany, after heavy rain hit parts of the country, causing widespread flooding. Photo: Ina Fassbender/AFP via Getty Images

Following days of heavy rainfall in Germany and Belgium, rivers and reservoirs have burst through their banks to create a rare flood event that's left more than 125 people dead.

State of play: The equivalent of two months of rain has fallen on some areas over the last one to two days, per AP, citing the French national weather service.

President Biden will nominate former New Mexico Sen. Tom Udall as his ambassador to New Zealand, tapping another onetime senator to serve in his state department.

Why it matters: Biden is drawing heavily on politicians, longtime aides and former diplomats as he fills out his ambassadorial ranks, giving short shrift to pure political donors.

U.S. Border Patrol has made more than 1 million arrests of migrants attempting to cross the U.S.-Mexico border since last October, after June set a 20-year record for that month, according to government data released on Friday.

Why it matters: The surge in migrants attempting to cross the border has continued — inciting Republicans to blame the Biden administration, while Democrats and immigration advocates pressure the president to undo strict Trump-era enforcement policies.

Read full article at Axios

AMC shares attempt a comeback, GameStop falls

Reuters 16 July, 2021 - 02:00pm

  AMC shares were recently up 1.7% at $33.99 after four straight days of losses. The hugely volatile stock has lost more than half its value since hitting a record high of $76.62 on June 2. On Thursday, the stock swung between a low of $32.14 and a high of $37.40. 

  Shares of videogame retailer GameStop, meanwhile, continued their recent tumble and were off 3.1% at $162.34, compared with its June peak of $344.66. 

  Netflix said late Wednesday that it had hired of a former Facebook executive to lead its video games unit as it ramps up efforts beyond its traditional streaming business, potentially adding competition for GameStop. 

  Cinema operator AMC and GameStop have been at the center of massive rallies in meme stocks that hurt bearish hedge funds and raised the profile of retail investors coordinating their buying on websites such as Reddit’s WallStreetBets. 

  While both are sitting on big year-to-date-gains - AMC is up about 1500% in 2021 and GameStop is up around 760% - their more recent slides have led some analysts to question whether the retail fervor that buoyed their shares is dying down. 

  Retail investor purchases of meme stocks tracked by Vanda Research have declined steeply since early June, roughly mirroring the fall in the basket of meme stocks followed by the firm. 

  “Retail investors are slowly capitulating on meme stocks, and prices are tumbling as a result,” Vanda’s analysts said in a recent note. 

  Meanwhile, Google searches for “invest” and “buy stocks” have fallen back to pre-pandemic levels, in what DataTrek co-founder Nicholas Colas said is an ominous sign for the meme stock rally. 

  "Bubbles need fresh money, or they deflate. Quickly," wrote Colas in a Thursday research note. 

  JPMorgan’s Peng Cheng, however, noted that AMC and some other meme stocks saw “significant” retail buying last week, even as they declined. 

  Other stocks popular on social media include Marin Software which was down 26.5% on Thursday at $10.05, well below its 2021 peak of $27.26 reached on July 6, although still above the June 23 close of $1.71. Similarly, after massive spikes in trading volume that kicked off in early June, ContextLogic last traded at $9.74 after touching $15.18 in late June. 

  (Reporting By Sinéad Carew, Lance Tupper and Chuck Mikolajczak) 

(Reuters) -Shares of cinema operator AMC Entertainment and video game retailer GameStop Corp fell sharply on Wednesday and were both trading below half their recent peak prices, testing the fortitude of the stocks' retail shareholders. AMC, in its fourth straight day of losses, closed down 15% at $33.43, close to 54% below its all-time high of $72.62 reached in early June. GameStop finished down 6.9% at $167.62 after hitting a session low of $165.07, compared with its June 8 high of $344.66.

AMC Entertainment , GameStop and others have been under notable pressure over the past few sessions. Assuming it closes lower for the week, it will mark the stock's fourth straight weekly decline. On Tuesday, AMC tested but held last week's low near $38.75.

In this article, we discuss the 10 hedge funds that profited from Reddit’s meme stock craze. If you want to skip our detailed analysis of these hedge funds, go directly to the 5 Hedge Funds that Profited from Reddit’s Meme Stock Craze. Hedge funds have been reeling from meme stock rallies over the past few […]

Shares of companies that have been popular on Reddit forums are coming back to earth this week, with Carver Bancorp and AMC losing over a fifth of their value.

A newly released Justice Department indictment underscores how transnational abductions are becoming the new "normal" for repressive regimes around the world.

(Bloomberg) -- It was the type of master stroke that could make a Wall Street career. Jason Mudrick’s financing of AMC Entertainment Holdings Inc. at the height of the pandemic netted his hedge fund hundreds of millions of dollars in just a few months.Then, in the blink of an eye, it was gone. Options contracts meant to hedge the bullish wager went haywire as retail traders flocked to AMC’s stock, pushing shares to once unimaginable heights and costing Mudrick Capital Management all of its gains

(Reuters) -American Airlines Group Inc said on Thursday it has asked about 3,300 flight attendants on voluntary leave to return by the holiday travel season to meet rising customer demand, according to a letter to staff reviewed by Reuters. The U.S. airline said it would also begin recruiting and hiring about 800 new flight attendants by March 2022. "Increasing customer demand and new routes starting later this year mean we need more flight attendants to operate the airline," the company said.

Aurora will go public through a blank-check company in a deal that values the autonomous-vehicle technology company at $13 billion, aiming to launch its first autonomous system for commercial trucks and buses in two years.

What happened Shares of graphics (and crypto-mining) chipmaker NVIDIA (NASDAQ: NVDA) tumbled for a third straight day Thursday, falling 4% in 1:25 p.m. EDT trading despite getting a boost in its price target from Wall Street bank Mizuho.

In May 2020, I concluded that “the stock market… is stronger than even the most bullish investors believe.” In January of this year, I wrote that the market was still “firing on all cylinders.” In an interview on July 14, Martin said the U.S. stock market today is most definitely not firing on all cylinders. In fact, he said, the market’s internal health is now worse than at any time since October 2018.

As graphics card prices start sliding, NVIDIA investors may have to relive a torrid time in the company's history.

Shares of Moderna (NASDAQ: MRNA) were jumping 4.3% as of 11:10 a.m. EDT on Thursday, hitting another record high for the stock. The bump came after Michael Yee, an analyst at Jefferies, increased his price target on the stock from $170 to $250. Also, Dr. Marco Cavaleri, the European Medicines Agency (EMA) head of biological health threats and vaccines strategy, stated in a press conference that a committee would likely finalize a decision on recommending authorization for Moderna's COVID-19 vaccine in children by the end of next week.

Apple and Nvidia fell as market weakness continued. Elon Musk said the Cybertruck could "flop." But several stocks are near buys.

Virgin Galactic Holdings (NYSE: SPCE) completed a historic milestone last Sunday, successfully launching founder Richard Branson into space. Branson's flight into space happened nearly a year after it was originally planned, due to a combination of COVID-related delays and some testing setbacks. Richard Branson (second from left) and the mission specialists ahead of the July 11 flight.

The semiconductor industry just keeps getting weirder and weirder, and the latest news from Intel Corp. is another example of the industry's quest for deals in search of growth.

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter,

Analyst Christopher Danely upgraded his call on AMD to Neutral from Sell, and bumped his price target to $95 from $17. The loser: Intel.

A robot-run fund prefers AMC to Facebook or GameStop. It also likes these stocks

MarketWatch 16 July, 2021 - 02:00pm

Also read: Don’t ignore these 3 changes to investing highlighted by GameStop, BlackBerry and AMC, says top economist

A flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds’ short positions on companies including GameStop and AMC earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.

AMC’s stock price rose 570% from January 20 to January 27—from nearly $3 a share to almost $20. Shares in the group are now up close to 1,500% so far in 2021, trading around $33. 

And now the AI calling the shots at AMOM thinks the stock will move even higher in July, buying enough shares to make up 1.8% of the fund. Bringing AMC into the fold came as the robot ditched fellow meme stock GameStop, which was added to AMOM in May but booted out after the stock fell more than 14% in June.

“Qraft’s AI model is not specifically designed to invest in meme stocks, but rather in stocks with high capital appreciation potential,” Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business, told MarketWatch. 

“AI is not swayed by prejudice or bias and may pick up meme stocks if the momentum seems highly positive,” said Oh. “This month, our model found AMC more opportunistic than other meme stocks like GameStop.”

Plus: Here’s how much bitcoin is worth, says JPMorgan, as crypto faces this summer headwind

“With Covid-19 reaching new peaks, the AI made trades related to the pandemic conditions,” Oh said. “Match Group is one of the beneficiaries of the pandemic with more people trying out online dating. Fortinet stock gained prominence with more and more governments emphasizing the importance of cybersecurity.”

Oh also added that it was noteworthy that AMOM has decided to adjust its portfolio away from very big bets—in June, the fund’s top three stocks accounted for 21% of the portfolio, but now the top three stocks account for just 11%.

“Given the volatile market sentiment, the AI seems to have adjusted portfolio and concentration to hedge against potential risks,” he said.

More: Tesla bull calls this auto giant’s $35 billion electric strategy a ‘renaissance’ and says the stock could soar

AMOM has been listed in New York since May 2019, and has delivered total returns of 12% so far in 2021 and 42% in the past year—outpacing its benchmark, the S&P 500 Momentum index, which has climbed a comparable 34% since July 2020.

AMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.

The entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn’t quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis, when tested against historical data.

But Vasant Dhar, a professor at New York University’s Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won’t “crack” the code of the stock market.

Advocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have “a nonstationary and adversarial nature.” He advised investors considering an AI system to ask tough questions, including how likely it is that the AI’s “edge” will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.

The company reported decent earnings, but said the global chip shortage will drag into next year and predicted narrower-than-expected margins.

Opinion | AMC's actual business doesn't matter to meme stock traders

MSNBC 16 July, 2021 - 11:45am

And while most market observers, including me, thought that the meme-stock bubble would quickly burst, leaving many retail investors holding the bag, it has proved shockingly resilient. GameStop's stock, for instance, is still up by almost 1,000 percent in 2021, while AMC's stock is up by more than 1,800 percent. Now meme-stock traders are doing something even more surprising: using their power to reshape corporate decision-making.

Selling that many shares will usually hurt your stock price — the more you slice up your company, the more you're diluting the value of each share of stock. But meme stocks don't obey any of the usual rules — even as AMC kept issuing shares, its stock kept rising. Not surprisingly, then, CEO Adam Aron made plans to go back to the well again and raise more money.

Aron planned to ask shareholders at the company's annual meeting at the end of July to approve the sale of 25 million more shares, which would have allowed the company to raise close to a billion dollars without much dilution. But AMC's shareholders — 80 percent of whom are now retail investors, mostly meme-stock traders — had other thoughts. They vocally expressed their opposition, and so last week Aron tweeted that he was canceling the July vote and that AMC wouldn't be making any more such requests for the rest of the year.

Now, from the point of view of AMC's underlying business, raising more capital was unquestionably the right move. So why did AMC's investors oppose it? Because meme-stock traders aren't, as a group, all that interested in the businesses of the companies they invest in. They're interested in their portfolios' stock prices.

It's a kind of Bizarro World version of shareholder capitalism: The company's actual business has become almost irrelevant.

The traditional view of stock valuation is that the two things are connected: A company's stock price ultimately reflects the value of its business. Meme-stock traders have a different view: They see a stock's price as something that's set by an act of collective will and by gaming the system. And issuing more shares would make gaming the system harder by increasing the number of shareholders and making it harder to squeeze short sellers. AMC's raising more money doesn't fit into that strategy.

This is a deeply weird situation. Companies are sometimes taken to task for paying too much attention to what shareholders (usually big shareholders) want. But usually, what shareholders want is for companies to do things to increase profits, perhaps by downsizing staffs or selling off parts of the companies.

Now, this seems like an obviously shortsighted approach. AMC still has more than $5 billion in debt on the books, and its core business is still struggling. And the stock's performance of late suggests it was a bad decision: The price is down by almost 30 percent in the past three weeks.

So perhaps reality is finally catching up with the meme-stock traders. Even so, it's unlikely to shake their faith in their collective power. And why should it? They've gone from being a trading curiosity to doing what typically only large institutional shareholders are able to do: dictate a company's business decisions.

Meme-stock traders shook up the stock market. Now they're influencing the real economy — even if, paradoxically, they don't seem to care much about it.

James Surowiecki is the author of "The Wisdom of Crowds." His work has appeared in The New Yorker, The New York Times, Wired and Fortune, among others.

Why AMC Entertainment's Stock Is Trading Higher Today | Benzinga

Benzinga 16 July, 2021 - 09:52am

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher amid continued volatility in the stock from retail investor interest.

According to swaggystocks.com, AMC Entertainment's stock has been mentioned about 114 times today.

AMC Entertainment Holdings Inc is involved in the theatrical exhibition business. It owns, operates or has interests in theatres located in the United States and Europe. It provides best-in-class amenities such as plush, power recliners, MacGuffins full bars, AMC Dine-In Theatres, premium presentation. 

AMC's stock was trading about 3.8% higher at $37.39 per share on Friday. The stock has a 52-week high of $72.62 and a 52-week low of $1.91.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

© 2021 Benzinga | All Rights Reserved

Summer Blockbusters Are Back! What That Means for AMC Stock | The Motley Fool

The Motley Fool 16 July, 2021 - 09:35am

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

Blockbuster movies have returned to the movie theaters and not a moment too soon for AMC Entertainment Holdings (NYSE:AMC). The international theater chain was one of the hardest-hit companies during the pandemic. Nearly all of its revenue comes from bringing folks together in one room to watch films on a large screen. 

Its business was devastated when it had to shut its doors to the viewing public as the world tried to slow the spread of the coronavirus. Major studios either delayed the release of big-ticket films or sent them straight to streaming services, a move that was slowing AMC's sales recovery even as it reopened theaters. 

The July 9 weekend could mark a turning point in the bounce back for movie theater chain AMC. Buoyed by the release of the long-delayed blockbuster film Black Widow from Walt Disney, AMC reported a post-reopening record with 3.2 million moviegoers over the weekend.

According to estimates, Black Widow generated $158 million in box office sales worldwide. Additionally, another blockbuster from Comcast's Universal Pictures, F9: The Fast Saga, has earned $542 million. That's just the beginning. More films are on the way as studios have stopped delaying releases.

It looks as though AMC has made it through the worst of the pandemic. There were moments during the most acute phases of lockdowns when the company's survival was in jeopardy. Management can be commended for urgently raising cash and cutting costs, and ensuring it had the resources to make it through. 

Some of the capital the company raised during the pandemic was through borrowing. Its balance sheet has swelled to contain $5.4 billion in debt, and in the most recent quarter, the company paid interest expenses of $151.5 million. Annualized, its interest expense will be over $600 million.

What makes that figure troublesome is that the most annual operating income AMC earned over the last decade was $310 million. So while it's great news that big-ticket movies are returning to movie theaters, AMC still has a lot of work to do before it fully bounces back. For instance, even if it matches its pre-pandemic high of $310 million in operating income, AMC will likely still report a loss on the bottom line because of the interest expense.

Management understands the company's issues and is working on raising equity, presumably to pay down debt. It set forth a proposal to shareholders to authorize more shares for sale but withdrew the proposal in the face of negative feedback. Shareholders had the opportunity to help improve the long-run prospects of AMC but were not interested in the idea.

The fear was that the additional supply of shares in the market could drive down the stock price. And the short-term share price movement appears to be more of a concern for investors in AMC than the long-term fundamentals of the company. 

AMC's role as the focal point for a group of retail traders on Reddit makes the stock trade at a price that appears to be divorced from fundaments. As a result, AMC's stock price could continue higher despite its apparent poor financial circumstances. 

Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

Stock Advisor launched in February of 2002. Returns as of 07/16/2021.

AMC Stock - Will good earnings be “good” enough?

Fintech Zoom 11 July, 2021 - 10:14pm

1. HW: Will good earnings be “good” enough?  We don’t know.

How high will central bankers allow inflation to overshoot? 5% 7% 10%? We don’t know.

“If I do the number-crunching, I put the market at about 4% overvalued. The upside potential between now and the end of 2021 is 0.4%, which is a pretty low number. You never get these numbers exactly right, but it’s certainly not a very compelling number.”

HW: Our calculations are different, but conclusions are the same.

Hence, we maintain defensive protection:, high cash levels cash, low or no margin, hedging, very short term trading and buying only special situations through August.

Sell by August Correction odds by August 75% Bear Market by August 60% 

There is far too little REALITY to today’s markets BUT don’t be surprised when inflation watchers stop believing the “temporary” fairytale story, a swan event &/or Robinhooders learn trees don’t’ grow to the sky. We are not betting today’s pyramid games will continue forever- see above timing.  However, markets could rally with good earnings in thin summer markets for another week or two.

I am unwilling to buy at today’s prices, especially SPX > 4000: Current markets sport very R/R upside near term compared to their potential downside risk.

Outside of day trading and special situations, we plan to sell/short and look to buy if/when markets are 10%-20% lower.   

PIVOTS         2020 Close  10%-            Nov 3          

NAS 14720    12888          13230           11160

Inflation is now above 5% and I don’t believe it is just “temporary” & even if the global economy does slow, we are then likely to see STAGFLATION!.

Given market sky high valuations, we do not see sufficient FUNDEMENTALS (Fed accommodation, Vaccines & Stimulus Packages) to justify SP500 earnings.

Our recommendation continues to be maximum portfolio protection.  

(TSLA), BTC, VIX, GME & TNX are our five market “canaries in the coal mine”:

(TSLA):            < 666-555

BTC:              < 42-30K

Short of a reality check that the emperor has NO clothes, newbies learning that all stocks do NOT go UP ALL the time can also time market tops (June &/or August).

Gold             Buy on dips Rinse and repeat Latest buy 1780 to 1820+.

Silver            Accumulate on dips < 26

Copper         Watch 4.10 Support & 4.50 Resistance

HYDE PARK SOAPBOX: after-bitcoins-wild-first-half-these-are-the-5-biggest-risks-ahead

KEY DATES:        July 26-31 August 2-4, 9/10

GOLD:                  1800 PIVOT R1 1834

OIL:                       74 PIVOT R1 76 S1 74

US 10 Year:          1.30 PIVOT 

VIX:                       16 R1 18 R2 22 R3 26

BTC:                      35K PIVOT S1 33K S2 30K S3 24K

2020 CLOSE:          DJIA 30606 SPX 3756 & NASDAQ 12888

2019 CLOSE:          DJIA 28508 SPX 3231 & NASDAQ 8823  

2018 CLOSE:          DJIA 23327 SPX 2506 & NASDAQ 6635

Reduce Risk and Focus on Capital Preservation:

2. HW: Prepare a list of GOOD stocks to buy AFTER a 20% correction.

We think like many analysts recommend adding investments that can benefit from higher inflation such energy, gold, TIPS, utilities, Art/Blue Chip collectibles and selective real estate.

Entertainment, Mining & Technology [AFTER a 20% correction if Undervalued & Highly Scalable]

Currently we are also watching some Select Health Care (lower cost/better outcomes, & Distressed Investing for Q3 2021.

Note: With Oil above $70 we recommend reducing/covering Energy bets.

Stock selection is important. Whenever possible, we prefer to invest in stocks sporting strong cash flows, sound balance sheets & growing dividends.

Choose your favorite stocks and patiently bid for them.  

3. Soon gold will be entering its favorable seasonal cycle.

One can only imagine when Bitcoin meet reality, how it would likely to usher in a rapid source of many new gold investors.

Gold Fair Value is $1830 with $1775 support and $1925 overhead resistance.

Silver Fair Value $27 $25 support and $30 overhead resistance.

See recent AFUND luncheons, conferences & past Webinars have been posted on our YouTube channel] for some investing ideas that may be profitable in 2021. 

Gold: Fundamentally the global political and economic situation is very favorable for precious metals.

Precious metals remain favorite sections. Many generalist investors now have some interest in Metals and Mining.

Hence, we recommend a full and over weighted precious metals portfolio allocation.

Gold remains cheap geopolitical crisis insurance.

For investors who cannot or will not buy the $US currency as well as investors who wish to safely and cheaply hedge their US$ exposure, ONLY GOLD IS AS GOOD AS GOLD!

Once again, some investors are hedging record equity prices by buying gold.

Low real interest rates is positive for gold as well as low global bond yields makes gold an attractive alternative risk mitigation hedge.

We expect precious metal stocks to outperform physical gold & silver in 2021.

INVESTORS: We will stay LONG in H2 2021 both as an investment and as a portfolio hedge.

Many picks are best for speculative portfolio allocation and as such bought as a member of a group of 5 to 10 such stocks.

Remember NOT to ignore potential High Risk – meaning use speculative allocation i.e., “money you can afford to lose without altering your lifestyle.”

Always do due diligence before deciding to act. 

5. With earnings season kicking off next week, the bar is set quite high and corporate America better produce another stellar quarter or there could be some disappointed bulls.”

Ryan Detrick, chief market strategist, LPL Financial

HW: Past time for some bull disappointments.

“The ‘reflation’ and ‘rotation’ trades — associated with optimism about rapid, broad-based economic recovery from the pandemic and higher inflation — has arguably been flagging since as long ago as the end of the first quarter, but clearly took another hit this week.”

Oliver Jones, senior markets economist, Capital Economics

“The 10-year-note price has defied consensus expectations. There has been no stronger consensus view [than] that, with domestic and global economic growth rebounding, U.S. interest rates were supposed to head higher.”

Doug Kass, president, Seabreeze Partners Management

HW: Yields were falling because they could; nothing good lasts forever.

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

© 2020 FINTECH ZOOM - WORLD FINANCE

© 2020 FINTECH ZOOM - WORLD FINANCE

Fill the forms bellow to register

Please enter your username or email address to reset your password.

Ice-T ice t

Business Stories