Home building numbers out this morning were less than expected. One of the problems is that builders can't find the skilled help they need. My stepson works construction here in WI as a crew foreman. Tells me all the time about the fools they hire and don't work out. About 9 out of 10 new hires are soon let go.
Many reasons........some just quit showing up, especially after they get paid, others can't read a ruler, poor work ethics, hiding and talking on their cell phones, afraid of heights for setting trusses......don't like the 10 hour (or more) hour days. Just plain difficult finding good help now days.
A very good read. Highlights are the strong growth in HETLIOZ revenues in 2015 and expected continued strong 2016 growth.
Upcoming May PDUFA date.
Strong cash position.
Been watching the GAAP / non GAAP situation for several years now. Perhaps they should just skip EPS and move right to reporting GAAP cash flow as the primary item. The non GAAP EPS is a move in that direction as it backs out some goodwill amortization, which is a non cash expense (among many other non recurring items).
Cash flow is what really counts anyway.
Agree about current market conditions. That's why I only play the short ETFs (usually SPXS or SPXU) on an intraday basis. Am unwilling to hold them overnight as almost anything can happen now days.
Same reason I sold SPXS (3 X short S&P 500) right before Friday's close. I'm hesitant to even hold them overnight.
Sold the SPXS near the close. Managed a loss of $2.00 (yes, $2) on 1000 shares after comms.
In at 14.86, out @ 14.87.
Closed the day @ 78% in cash.
Have a good weekend all..............Kel
Bought some SPXS early today. Covers (hedges) my longs by 4 X as I was already 75% in cash.
Also sold some SPHD (high div ETF) that I had in my reg acct at a decent gain. Bought it early in Feb.
"Just a shell now."----can they liquidate for $1.00+ per share before they burn up all the cash?
Kel..........just kicking tires
Just put my biggest market short EVER in place. Bought SPXS @ 14.85.....a position that hedges my longs.....X 4. Still much cash on hand but no new longs.
Sitting on 75% cash. Absolutely can't find anything I want to buy. Maybe that means I should be putting a short in place. I usually use SPXS or SPXU, both short the S&P 500 X 3.
CEFs will at times cut their distributions when the yields get too high. Those high yields are a result of the stock (and usually the NAV) having declined at least on a short term basis.
Funds don't like to deplete the NAV too much because that's what their fees are on. Lower NAV = lower mngt. fees. Obviously they will soon be drying up the STGs as the NAV has declined over the last several months (symbol XTHWX).
Do you know about CEF Connect? A very good place to research all CEFs. After you enter the symbol, click 'ALL' on the upper left to get the full range of information. Have been using it for years. No need to register or sign in.
Good job. Yeah, silver was down around 10 cents at Midnight (central time) last night. Regained some strength as our open approached. Keep watching, I think we'll have another chance to trade it from a lower base.
In the meantime I'm still sitting on some bullion coins and some bars. Those are longer term investments.
Someone made up a fake ID with an i substituted for the l in my ID...........Kel
I believe that you won't get an execution if it gaps open above your price. Also have to consider that it might not trade until after regular hours. Anything so obvious and easy never works.