Bought some SO @ 42.59, AMGN @ 148.18, and IP @ 42.01. All small positions. Keepers.
Bigger position of MRK @ 52.78, hopefully just to trade when we bounce back. Still over 50% in cash.
Good lick all in this harried environment.......................Kel
I'm not supporting any bear case against ARIA. Just saying I think there's some shenanigans going on with a "supposed" offer and now into the 4th calendar day with ZERO press releases from either company. Anyone else think that's a little strange?
Just added AMGN to the "income producer" part of my portfolio.
** 2% yield at my buy in price of $152.85
**strong div. growth since initiated in 2011 @ .28 quarterly....now 79 cents
**strong EPS growth looking forward.....PE ratio about 15
A well placed rumor. Two "news" outlets to spread it for you. You've built a big position so 'feed' it into the hype on Friday. Then short ARIA when the fever pitch is at its peak. Make money on the upside and downside..........all while the SEC sits on their thumbs.
Bought some @ 1.63. Hurricane season, winter coming, well counts falling. Have traded this numerous times.
I think concerns with BDCs are rooted in the low credit quality of their investments, not in a tiny movement in interest rates. Might be worth following the "talk and actions" regarding junk bonds as they may be a leading indicator for BDCs.
No major concerns yet, but some negative under currents IMHO.
All this "news" has a funny odor to it. All seems a little too orchestrated. I'll believe it when I see an actual news release from Ariad or Baxalta.
Kel..............former holder, now just watching (no sour grapes)
I traded RGDX (now bankrupt) numerous times up until May of this year when I exited in the .30 area (now about 1 cent). My eyes were finally opened to the extreme competitive nature of the medical testing industry.
When I held RGDX I started seeing numerous other smallish testing firms. Most were unprofitable and didn't seem to be moving toward profitability. A business with very tight margins and few tests that are really proprietary (unique).
Can't address the finer points of SQNM.....but I do recall looking into it several months ago and not being very impressed.
Another fact.............cash = almost 3 X the market cap. Find me another likethat!
Kel.................holding 10,000 under 10 cents cost
Didn't work so well today. Lost .98 per share. Monday made $1.22 per share and .83 on Tuesday. Ended the day 69% in cash.
I think the market fades again today. Might do another intraday short. I see unenthusiastic buying by impatient bargain hunters.
If investors get afraid of high yield, they might also shun BDCs as they are even lower on the credit rating totem pole. Not holding any of either group right now.
Sold a little too soon as the market continued to give up gains. That's OK. Not willing to hold these funds overnight though, one day at a time.