Hey Life, what time zone are you in? I get the feeling you are in EDT, on the east coast. I am in MST. We are all anxious to hear read your report and opinion of what is going on!
Life, just returned to my desk from a very successful week in Vegas, exhibiting my chair. FYI, according to GAAP (Generally Accepted Accounting Practices), Grants cannot be counted ad income, so have no effect on earnings per share. However, I think SVA is strong enough now, to increase sales with every quarter. Their products are better known and they have an established portfolio of clients.
Sentiment: Strong Buy
Leaving tomorrow morning. I will not stay too long this time. Will not sit through such long dry spells! Just hoping to catch a rise on good news. Am holding more shs of NVAX now. It has volume and volatility and a very exciting product, making it a good candidate for a buyout. But just trading for a while.
So I bought 10,000 shares on speculation at 5.73 and less. What is going on?
I didn't buy too much, and I bought the day after they announced, so am not out too much. I sold out almost immediately when the stock was not moving in the direction I expected. I did buy 1000 shs of PSEC for dividends (over 13%). I will NEVER put as much money into any stock again, like I did with SVA. I learned a lesson from that and was damn luck to come out of it with a profit. Made money on every single share of SVA I bought. Took out 30,000 and can buy back my position in SVA again at these prices, but am staying out for a while. I need some rest from SVA! Believe me, I feel a lot better not being in SVA any more. However, if it takes a bad dive some time, I may buy back some, but never again as much! Will let you know how I do in Vegas (Am. Librarian Assn. show) when I return in July. Might need all my play money to set up a small factory here. I hope not.
I couldn't believe my eyes when I saw SVA at 5.71. But never underestimate its ability to disappoint. I hope for you guys that it is just the MMs trying to pick up some cheap stock before some big positive news and you will wake up one morning soon to see it gap to 8. I only have 1000 shs of PSEC because class action lawyers are suing them for fraud, but it will fizzle out because if there really were fraud, the SEC would have sued them itself.
Meantime, I will be watching SVA again because something is definitely going on. I just might pick up some more shares in the future if this goes on any longer. Meantime, for all you patient people, I hope it goes up for you big, tomorrow!
In the end, there is no fraud, as claimed by the hungry class-action law firms. The SEC never said PSEC committed fraud.
Sentiment: Strong Buy
Shareholders do not want to sue PSEC from which they are receiving great and safe dividends. Lawyers are desperate to find a new class action to pursue but are barking up the wrong tree here. If the SEC thought there were fraud here, they would be suing PSEC themselves! Telling them to simply consolidate their balance sheet means they did not find management trying to hide profits or losses. Maybe they wanted to make loans they could not otherwise make directly through their charter, like to smaller companies or in smaller amounts, or in combinations of equity or whatever. Consolidating balance sheets does not mean they must abandon the subsidiaries or practice. There is no fraud here.
Sentiment: Strong Buy
Hi Life! When I sell, I always use "limit" orders. If I think we are near the high of the day, like at 830am, I use FOK orders at the high of the day. If some are left over, like today, I change my limit down and slowly get most of it sold. The stock I had for sale at 6.20 did not sell, so cancelled. Next day, I sold at 6.41. Basically, I aim for the high of the day in the morning, first hour of trading and revise the sell limit price down as the price drops. I got really fed up with the action. It is a great relief to be completely out of SVA. Life, only advice to you is to keep a sharp eye on the volume. I just wish you could be advising me on my next trade! You are a great researcher. So are Surf and Trap and the Chinese guys (I can tell they are Chinese because I was born in China, and am Eurasian, and speak Mandarin and Cantonese, besides Spanish). You are a great gathering of smart people but our best judgments are influenced heavily by the amount of money we have at risk in SVA. Unfortunately, I have arrived at the same conclusion as the MF crowd at this point although I thought they were premature a year ago when SVA was in the 3s. There is basically something wrong with the way SVA trades. It could be a symptom of something else...like being Chinese. I like to trade stocks that are more predictable along traditional lines. Anyway, Life, my wife and I have more than enough to live on in our retirement years and anything I do with investments or chair inventions is pure entertainment. Luck!
It took me since Thursday to liquidate my position in SVA and I just sold the last share I owned. I have no more money in SVA. It is still a great company with lots going for it, but the stock price in relation to news is broken. I feel VERY relieved to be out and will enjoy some of the 120% profit I made in SVA over the past 4 years. I am watching NVAX like a hawk now, but will not take any position in it for a week or two I think. Neither will I put so much of my money into it. I felt SVA was safe to put so much money into because it has great fundamentals, like Life knows: ie. any drop will be temporary because there is no fundamental reason for it, so the chances of losing are slim if you can wait. I just got fed up with the waiting game and will become a technical trader with much less money in each stock from now on! THANKS TO EVERYONE ON THIS BOARD!!!! I HOPE YOU ALL MAKE A LOT OF MONEY OUT OF SVA just like I had hoped to, along with you. Now, I will buy a couple of red Toyota Camrys for my wife and one daughter, exhibit my chair in Las Vegas the end of June, at the librarian convention, then....who knows? I will miss all of you, especially the above mentioned!
Told ya so! Going to give it a little more impetus and put another 15,000 shares for sale today, at various prices, some of which have been filled already! Funny thing is I really feel good about it. Of course, I am selling at a profit.
I put my money where my mouth is. Unlike those fools that make claims of profits after a price move, I tell you what I do before I do it or while I am doing it!
Order to sell: 8475 shares at 6.20 AOP (all or part), day order. Let's see what happens: if SVA goes to 6.20 I might or might not sell. If it goes an infinitesimal over, I'm out. Don't worry, Life, still have too many shares left!
Whenever I sell, the stock goes up on steroids, so on Friday, I sold 2,000 at 6.03, and today, 3,000 at 6.20. If this does not work, I have many times that to sell yet! Just getting impatient with SVA. NVAX looks like more fun with the price movements and high volume.
The outdated sites are proof of the lack of importance they have assigned to share value and PR.
Stop loss is just the technical analysts way of doing things. It avoids the deep losses like from 8.14 to 5.68. Looks like fundamentals have little effect on this stock. Even if the EV-71 vaccine were to be approved today, what do you think the stock will do? We need to see some profits, impressive profits, from their lines. The international companies sell vaccines in the hundreds of millions while SVA sells in the onesies and twosies. Even their Chinese competitors sell in much larger quantities than they do. What is the matter with their vaccines or sales? They may have a client with the Beijing government but how about the provincial and federal governments? To sell in Latin America, they MUST pay bribes! Just like in China, if they do not pay bribes, they will not get orders. That is why they need local companies to do the selling for them and they should just stick with the scientific and manufacturing roles. Thanks for your comments, Life! You are the best fundamentalist here!
First and foremost, the low volume situation is a damper on the price. The relationship between volume and price indicates that it will continue in the 5.70 - 6.85 range for at least another 3 weeks, possibly and probably longer, like 6-8 weeks. The bottom of 5.70 is very reliable so if SVA closes below that, watch out. Put stop loss at 5.60. Only unforseen factor is volume. If something happens to raise volume, the price will make a dramatic move up or down, depending on the news. Otherwise, more of the same.
Sentiment: Strong Buy