That's what I'm doing. Waiting for some kind of catalyst. Buyout? More contracts? More broker coverage? Update from Company?
Into SQQQ @ $53.95. SQQQ is an ETF that shorts the QQQs X 3. Looked at some charts (3 month and 6 month) of QQQ and it really looks like it's rolling over. Volume pattern poor too.
Just my opinion.............Kel
Broke one of my rules and decided to hold SQQQ overnight. Could have sold for a small gain but passed on that. I realize that I'm taking a chance with several big NASDAQ stocks reporting after the close....MSFT, AMZN, SBUX, others...
About 20 minutes after the close and the QQQs are about flat with the closing level. Reports out from MSFT, AMZN, SBUX, VISA, and others. OK so far.
Some on this board seem to be concerned that RGDX may have to make a stock offering some time this year. Just thought I'd review the last offering from December.
Offering of 4.46 million shares @ 1.20 announced on Dec. 12, 2013, probably after the close. Stock closed that day @ $1.32.
The stock opened the next day (Dec. 13th) at 1.20 and traded mostly in the 1.15 - 1.25 range for several days.
It made its 52 week low of $1.09 on Dec. 23rd. Was probably some tax loss selling involved that pushed it down to that level so late in the year.
Tulsa.....congrats on the nice trade. USLV is my long of choice when playing silver. I actually bought some a little cheaper than you did, but sold sooner than you did and made much less than you did.
Strange action with silver early today (Thursday). Was just watching and it was down to about 19.00 premarket and soon after the open it was over 19.50. I would've liked to have captured that move like you did. Excellent job.
Sold the SQQQ @ 56.78. Nice 1 day trade, about +$2.80. Will probably try to put a smaller short on again today, maybe some TPZ. A position small enough that I can just hold it.
RGDX was just down to 1.22. Why not switch now.? Don't wait until NAVB is down to 1.25. Just look at RGDX. Will have more sales this year than NAVB and trades for 1/5 th of NAVB's market cap.
Kel.....a former holder of NAVB..........holding RGDX
Made some money today shorting the NASDAQ 100 with some SQQQ. Couldn't find anything else to buy so I scooped up some more AVNR.
Everyone have a great weekend......................Kel
In the conference call in late March they said to expect progressive growth in revenues (or similar wording) as the year progresses. They didn't toss out any numbers in that CC. The one lone analyst is a problem, plus he never updates his numbers. I'm not sure how much confidence there is in just one set of estimates.
To me the going forward outlook is what's most important. I'd be happy with revs of $5.5 - 6.0 million and a loss of .05 or less
Even with my increased position AVNR is only about 3% of my IRA account. My largest holding in the biotech / medical area is actually a much smaller company, RGDX. Has about a $50 mil market cap and sells tests for cancer and other genetic tests. Revenues this year should be close to $25 million and growing. Might be worth a look.
Thanks Sarge.....How about the movie, "The Day the Earth Stood Still?" Or in AVNR's case it might be, "The Year the Earth Stood Still."
Sold at 1.92 on Jan. 15. Still a ton of cash although they'll probably close with about $100 - 105 million (vs $118 mil last report). Cash will still equal about $2.00 per share when they report.
Looks like a mish-mash of programs with dreams of partnerships and breakthroughs. Sure is eating through that chunk of cash quickly......about $15 mil each quarter.
Why don't they just liquidate, give everyone $2.00 per share, and go on unemployment.
Might be good for a 20 cent or so pop, but that's about all I see here. Just my opinion......
Kel...........a former holder
Probably is worth $7 right now. Sure is interesting to look at the SG&A expenses compared to US Corporations. These guys that run GPRC must be working for peanuts.
Kel.............a former holder just looking in (things look OK).....
Fidelity says Tuesday, May 13, but it also says "unconfirmed." I said the May 7 date because 6 months ago they reported on Nov. 7.
He was in on the Conference Call a year ago about May 13th. Apparently no longer covering RGDX. Anyone know what happened to him? RGDX seems like the perfect and typical type of company that Roth covers.