Bought some SPXU (shorts the S&P 500 X 3 ETF) in the last minute. Bought @ 45.29. First short of this type in about 6 weeks. Will exit tomorrow whether gain or loss.
The funny thing about the lackluster home sales is that they're being held back by strict lending policies, the polar opposite of 6 - 8 years ago. The permissive lending is now being done with auto loans. New cars selling like crazy. Easy to get loans for new and used cars. Some loans are pushing 8 - 10 years now.
The strict limits on business loans is certainly helping BDCs. They fill the gap left by the banks for below investment grade loans. Have to wonder if all this will blow up in our faces again in a few years..........
Where the secondary (reply) messages are on a thread..........it looks like the "time" shown there is of the original post and not the subsequent replies. Have seen this on other boards and it is rather confusing.
Kel.........an AVNR holder
Not me?????.......yes you, and me, and all other tax payers.
Kel.........a GILD holder
When everyone gives up and throws in the towel..........then the 10 year will makes its move. Right now @ 2.457%.
Might be buying some early tomorrow. Will see how it opens. Sold 4 stocks today, all for profits. No purchases. Almost bought some 3 X short ETF protection but decided to wait on that.
Am at 75% cash.
Message board usually working OK for me. I did eliminate 2/3s of a message I posted the other day on RGDX board. Long messages seem to be where the problems develop.
Biggest problem I have is when "server can't be found." Not sure if it's a Yahoo problem , or my computer. This problem doesn't cause my passwords to be lost (I don't let the computer remember them day to day).
Last one was April 24th, a Thursday. Probably still OK. The long term erosion is getting closer all the time though. Be ready to pass this on before long.
Kel..........a former holder (not a short)
Bought just before the close @ 2.96. Was here several months ago.
Trial is only Phase II. A long way to go to completion. Much can (and often does) go wrong. Smart holders sold on the news pop.
Earnings report on Thursday pre-open. Should be some kind of comments. Perhaps it'll pop again.
Kel.........now a holder
Revenues were $3.9 million and they had a loss of $3.5 million or .09 per share. Cash used in Q 1 was about $3.2 million. Cash remaining on Mar. 31 was $5 million (rounded).
We REALLY need Q 2 revs to come in at a $5 million+ level. Otherwise a cash raise will be an absolute necessity. If the Q 2 loss can be held under $2 million we may not need a cash raise. They do have the ability to borrow some funds as they have ZERO debt at this time.
Mngt seemed upbeat when the Q 1 report was issued. Hope some of that optimism flows to the top and bottom lines.
RGDX is 2.5%of my portfolio. I think the upside is over $2.00. They keep signing contracts and bringing new tests to market. Have to generate some revenue gains from those.
Very low market cap here and the ability to raise some addl funds if needed. Their losses are only a few $million per 1/4 and should be shrinking.
I think it's a decent gamble for a very small position. Could also be bought out as there's a lot of consolidation going on in this very fragmented business.
Just my opinion................Kel
Was supposed to be in Q 2, which is now over. EPS report about Aug. 7-8 (my guess anyway). They usually don't issue a progress report. Maybe well get bought out but don't hold your breath.