I should add that I wanted to buy back some covered calls I had written on shares I already own, but those prices held pretty strong. Presumably the options market isn't as easily spooked.
I cleverly watched and waited until $62.20 to add some more and of course it more or less immediately dropped another dollar. Timing is something I excel at.
Anyway, in the long term the irrational reactions to uncorrelated events creates trading opportunities. I don't know if the price is driven by nervous idiots or by those who see a thinly traded stock as an easy target for manipulation. It's certainly nothing to do with company specific fundamentals. I guess the volatility will continue until it doesn't work for them anymore.
Right. Do you think L'Oreal was just taking a shot in the dark and that ONVO made the commitment as a gift from the Easter bunny? Negotiating an exclusive commercial supply agreement obviously depends on development issues, but it's as much in ONVO's interest as L'Oreal's to see where this could lead & provide direction to this phase and that still leaves open the areas of skin drug testing and transplant applications and could spark interest from a major pharmaceutical company to nail down a similar deal in those areas.
"The development and validation phases each require L'Oreal to make an upfront payment and payments for certain deliverables. The Agreement contemplates that the parties will negotiate an exclusive commercial supply agreement, which will include customary licensing and royalty terms. The parties have not disclosed the commercial terms of the Agreement."
Anyone who references "the big boys" is clearly a conspiracy theorist on a par with the flat earth proponents.
There's less than $8 million in trading volume so far today and almost zero option action. These are obviously penny-ante "big boys."
Unfortunately some people, including analysts with only a superficial understanding of the company, trade this with the ups and downs of oil as if the only thing they produced was oil tankers and as if order were placed and cancelled on a weekly basis. It's fairly thinly traded and if the "machine traders" spot momentum one way or another they buy or sell without any concern for the long term prospects of the company.
And, of course, industrials as well as the broader market have been selling off.
Yes, SDRL and SDLP are different entities. The partnership is still paying distributions.
" What if they miss on the next quarter est and stop the dividend?
The cash flow is not going to zero even if they don't meet estimates ... and at this point the market has had plenty of time to price in the pessimism regarding oil and underestimate distributable cash flow in future.
"Unlike traditional MLPs, EMES is a variable distribution MLP, which means that it pays out all available cash flow every quarter ."..
"However, my losses far exceeded those dividends"
You only realize losses if you get skittish and sell.
Refracking of old wells and an eventual return to economic oil prices will support profits, distributions and the stock price over time. The goal is to buy low and sell high, not to panic and sell low.
"Let's see what the analysts have to say tomorrow."
If you really depend on analysts, you might as well just use your own Magic Eight Ball or Ouija Board like they do.
" It is like once your computer sees you put in anything to do with the colon"
I'm sure that must be especially burdensome for people with odd fetishes.
And like all the big time traders, you post it all on Yahoo. At least you should mistype it all on Twitter. Of course you might get torn up pretty badly there.
Now run along and stop playing with yourself on Yahoo.
"Come on just go up and gran that ..."
What does your granny have to do with it?
Are we supposed to be impressed with your trading prowess? Or are you just trolling for a reaction? I'm sure when your trades go against you, you'll claim you got out on a dip. No one cares and no one takes you seriously.
Yes, I'm now within 23 cents of my cost basis. Sold $60 and $70 calls which helped to reduce the basis. Looks like oil has found a price range here for the time being. The EMES $90 call for Jan 2016 is trading around $4.50, and even the June 2015 $100 has a bid over $1. Some volatility still ahead especially considering the low trading volume, but the longer term prospects make it well worth patience.
The guys talking $20 and $30 oil are the same geniuses talking $150 and $200 a while back.
The bottom came about December 10 when Cramer warned a listener not to buy.
You can always rely on Jimmy's timing. The near term top will probably come if/when he tells people to "buy,buy,buy."
"thats crazy,the co is still digesting aquisitions..."
Pricing of social media stocks or the stocks for things like Amazon, Tesla, NetFlix hasn't been based on current fundamentals like some consumer staples stock would be. I wouldn't try to predict how high or low the market might run FB based on earnings report. It's more to do with traders playing with it in the short term and Mr. Market's mood at the time.
FB has had several price target raises from decent analysts lately that did not keep the stock from inching lower. Obviously given its daily volume it's not being driven by small time retail investors. So saying it's going to rocket to $92 or sink to $70 is just gambling on how some unfathomable algorithms are programmed to react. I just hold the stock, sell out of the money calls on price run-ups, buy them back on dips and expect over the longer term the market will continue to drive the price up.
If there is a big run up I'll sell some calls and, after the euphoria subsides, buy them back and patiently watch the price rise over the long haul. It's like getting a nice dividend that drives down my basis in the stock. Far easier than trying to jump in and out of the stock and cheaper to extricate myself if I sometimes get it wrong ... which I'm bound to do from time to time. Volatility can be your friend.
I agree that it is a long term thing and that the fluctuations in short term stock pricing depend on what "traders" regard as the latest hot thing, but ultimately the price will not depend on whether or not the man on the street has ever heard about the science behind what ONVO is doing and more about the deals that get done, the collaboration with the big names in the pharmaceutical sector and ... probably ... who decides to buy them out. Or who else if someone else comes up with a better product. Whatever the catalyst may be, it's better not to read anything into short-term price swings that occur absent any significant developments.
And given the longer term positive prospects, the short-covering circus should make for some enjoyable entertainment. Peanuts? Popcorn? Incontinence pads?
Looking good ... but then we knew it was going to be good. The notion that there was a direct, 1-to-1 correlation between GBX revenues and the price of oil never made much sense to anyone who did an ounce of due diligence.