Now @ 2.17. Not sure if I'm making a good move, but it has been acting really well since my purchase. Have decided to give it some leeway and just see where it goes.
Bought ABT on Friday (May 20) @ 37.70. Along with some CSCO I bought a few weeks ago @ 26.35.........2 great long term holds that have strong and growing dividends.
The title of one of my Yahoo Finance Portfolios. Have had about 16 stocks on this list for over 6 months. Now 7 of them have gone bankrupt or are in some type of reorganization........There are many others in this same situation.
Have traded several of these over the past few years. Some gains and some losses. Have managed to not be caught holding any of them when they declared BK.
Same deal that Swift Energy holders got......4%. Process took about 4 months to complete.
Look at ACOR.....
*Market cap under $2 billion
*Revenues over $500 mil and growing.
*actually showing positive EPS
*very active pipeline
Kel...............holding GILD, CELG, and ACOR
Has to be. Only 2 analysts giving estimates. One estimate is for $7.5 million of revenues and the other is for $860,000 of revenues (What??)......hence, the very low $4.18 million average estimate.
Would be nice if the analyst would fix this presumed error. Perhaps he meant $8.6 million, not the $860,000.
I don't think Natgas has fallen that same percentage(obviously). I'm in UNG right now as I'm bullish for later in the year. I think the only way to use UGAZ or DGAZ is for very short term moves. like a month or 2 at the most. Anything longer than that, you get consumed by the "decay rate."
You could be right, that's why my position is small. I find it particularly encouraging that the Chairman of the Board was willing to step up and participate in the offering with a good amount of money at an above market price.
Looks like they are obtaining enough cash to last an additional quarter or more if they get costs under control.
I know I've been as critical as anyone on this board. With this news and today's tumble, I just decided to take a small position. The $4.5 million just buys them more time to right this kayak.
Be aware of the long term trends in Refiners. Can go up for a few years in a row, but the downtrend can be equally long. Not making a call on them. Just an observation from years of experience.
Oddball trade was @ 5:00 PM eastern. One trade for 1140 shares @ 97.0424. Previous and following trades were all in the Mid $82s~. Info from the NASDAQ site.
They said GILD has something that may be effective for the Zika virus. Something that was just sitting on their shelf.....that was used for other things. A very large MAYBE I guess.
I agree. To me, every $ spent on buybacks is a $ that could be spent on a revenue producing product. Perhaps they should be picking over the bones of VRX. Not to buy the company because they have so much debt (~$30 bil).....but maybe scoop up some profitable products or lines from VRX. Then VRX can use the cash to solve some of their other problems.