Looks like over 200 million shares outstanding. Do you fear a reverse split? Every small biotech is hunting for a partnership. Once in awhile one gets done, but not many.
I do like that SJNK. Fluctuates a few cents every day so you may be able to pick it up a few cents better (or worse) by watching it closely. It will drop about .13 on x-div day, which is the first business day of each month. Then slowly works its way higher again.
I got the volatility I was looking for. Just didn't react well in the few days I owned it to the up action in the BDC group. I tried to find a source for the daily NAV but couldn't find anything. Would have been helpful.
Only problem could be in a bear market. Could be a double negative it hit by redemptions and lower market prices (equals less fee income) both at the same time.
Kel........a holder of ETY
I held PER at times but mostly just traded it with some success. It has moved to my "danger" list. Won't even trade it now for fear of getting trapped in it when people someday realize how sad their future is going to be not long from now.
I agree with your idea that Russell probably started selling in March. But, what if the SEC decides to allow BDCs to stay in the Russell idices? Will they (Russell) then have to rush and buy the BDCs back to put them back in the indices? Could create a real mess, but some nice upside bounceback for BDCs.
I sold my BDCL position earlier today for a small loss. Just wasn't acting like I thought it would. Certainly would have done better if I'd waited until the end of today's session. Not a big position so not that big of a deal anyway.
J-man...........I no longer trade the 2 X and 3 X index ETFs overnight. If I buy one today I will sell it by the end of the day. I got in too much trouble holding them to the next day (or longer).
Sold about 1/2 of my position. Moved $$ to RGDX..............$45 mil market cap and does diagnostic tests for cancer. Will do over $20 mil in revenues this year . Now @ $ 1.16. Worth a look.
Kel.........holding MSTX and RGDX
Just so everyone knows......the non GAAP earnings (those generally recognized on Wall Street) are larger because the Amortization for acquisitions is added back to the GAAP numbers. Non GAAP earnings ARE legit, they are just closer to what amounts to CASH FLOW than actual GAAP earnings.
Many companies report this way now. It's Wall Street that accepts the non GAAP numbers as "real" earnings now days.
Kel.............a holder of ABT
Sold BDCL today for a small loss. Just hasn't done what I thought it would.
Traded SFY (Swift Energy) again for a gain. Great luck with this one.
Just bought some USLV @ 44.00....silver was @ 19.59....USLV is an ETF that longs silver X 3.
Been adding to RGDX, a small cap diagnostics company. Trades around $1.16 - 1.17. I think it's very interesting for a small position. If you want to go further into it, read my post from today @ the RGDX board. I think it's a great bargain right now.........just my opinion.
I plan on going into the long weekend with a large cash position. Being very careful. Still holding FSC and SJNK.
Market cap only $45 million.....this company has a real business. They are selling product every day to the tune of around $5 million or more per quarter and show upward sales momentum. Signing new contracts, expanding their client base.
Year end 2013 had $8.1 million of cash and $5 million of all liabilities.
In Q 4 sales grew 17% vs the previous 1/4 and gross margins grew to 48% vs 33% in Q 3.
Could get bought out any day by any one of the big Pharmas in the Diagnostic area. Would be a small bolt on acquisition for any one of these.
I'm way overloaded now with this stock. I truly and honestly can't find another stock out there that I want to buy today at the current prices. Sorry for my enthusiasm, but in my 40+ years of investing this is about as great of any opportunity as I've seen.
All is just my opinion.........................Kel
I was just looking at the Yahoo earnings estimates and thinking the same thing. Only 1 analyst, one set of rarely updated numbers, and no estimates at all for 2015.
For this year up believe they indicated gradual growth as the year progresses, or some similar wording. That was before the latest contracts were announced but I'm sure they already had some knowledge of what those would produce going forward.
Just too cheap....added 75% to my position. Don't really like gambling on the decision, but just too cheap here. Still not a crazy-big position. On the outer edge of prudent.
I've had a Yahoo i.d. for 10 years. I've made comments on SA, but I've never written an article there.
GDP's projected revenue for 2014 is about 1/2 that of SFY., but the market value of GDP is more than 2 X that of Swift.