Wanted to escape from that lengthy thread. My other shares of RGDX were bought in the $1.15 area. I traded it for good profits early in the year. Then I kind of got trapped in it when it fell after the Q 1 earnings report. Just lowering my average cost now. EPS report should be out about August 7-8 (my guess only). They usually don't pre announce so it's sort of a #$%$ shoot unless they have some other favorable news that emerges.
Good luck......we may need it,
I'm a long term holder of AVNR......added shares twice last week in the 5.39 area.
Kel...............also holding KERX
Looks like $8 - 10 per pill. About 1 mil pills every 4 weeks, so about 13 mil per year......divided into revenues of $115 - 125 million. Very rough numbers I admit.
Made a few small biotech buys today......RGDX (held already) and EXEL (probable day trade).
Looking to maybe sell some GLO if it picks up a little. Will continue to hold FSC bought @ 9.66 after the share offering. Still about 62% in cash..
Looked it over. Sounds like '14 is a transition year with better things to come, especially if the Google Glass thing pans out. Appears there's a lot of competition in their current primary markets, but they're doing a good job as they are pretty profitable (almost 10% net margins).
Certainly not expensive at the current price. OK balance sheet.
I'm holding some ONNN, a larger, more diversified chip manufacturer. They're also cheap based on EPS growth forecasted for this year and next.
One of the biggest mistakes investors make is to jump in too early in a weak market. We are sooooooo overdue for at least a moderate selloff (5%+). Sit back awhile and find the stocks that you're (everyone) comfortable with and pick your buy points. No hurry. We certainly could sell off with tomorrow being a Friday.
Looked around all afternoon for something to buy. Just couldn't find anything I had confidence in that it wouldn't fall further. Didn't sell anything either. Ended the day 66% in cash.
SJNK hit again today along with other Junk bond ETFs and CEFs. SJNK now about 30.48, the lowest price in many months.
Can't be concerns about rising interest rates, because they're below 2.5% (the 10 year Treasury) and flattish. Perhaps some concerns creeping in about credit quality or maybe just the historically low spreads that have prevailed recently between junk and quality bonds.
Could this spread to BDCs? After all, their holdings are like the first cousin of junk bonds (so to speak).
Be careful everyone. What looks like a bargain today could get a lot cheaper if things unravel.
Strange that there's so many cases in the US, but none in Europe................just kidding of course, but y'all know what I'm talking about.....(:^)
Kel..........a long term holder
Still holding some. OK for the yield. Goes x-div .095 tomorrow. I was under the impression they were more of a buy / write type CEF. After further research, I see that they don't do much call writing. In fact, they seem to buy some put options for downside protection. They also use leverage (I knew this), which most buy / write CEFs don't do.........Just observations.
I've had it a few time, but not currently. Noticed that it took a larger than normal fall after its recent x-div date. Where it usually falls 12-13 cents, it dropped closer to .25 and has recovered only to the 30.75 area.
Any insight as to why it took this larger fall? It's normally a good place to park some $$ and get a 5% annual yield. If it continues to trend down, it might not be a good place to park extra funds any longer.
Thanks for any comments.................Kel
Still holding my 9.66 cost shares. Wasn't tempted to sell. I did trade EXEL for a modest profit Monday morning. Was busy (away from the market) the rest of the day.
I'm fine with FSC and generally not a fan of PSEC. I don't like the aggressivness of their portfolio strategy. That being said, everything has a price. If they decided to offer some shares and the price fell, I might jump in.
They lost about $8 mil in the latest 1/4 and $10 mil the one before that. Might have $3-4 mil of cash from a recent cash raise, but that's probably gone already.
Current Liabilities are 5 X Current Assets. Terrible ratio. Sales better ramp very quickly (with no added expenses??), because these guys are in desperate need of cash. Smacks of hype.
Declared it on May 8 along with their EARNINGS report. August x-div date is 8-13 and the div will be .0833. Payment date is 8-29. The new rate starts in September with an x-div date of 9-11 and a div of .0917.