I remember your sale. Not sure why it went on this rather strange run the last few weeks. Just kept letting it go and it kept rising. Finally pulled the plug today as it was up again during a very poor general market day.
Stock fell as low as 3 cents. Eventually recovered to the 21 cent area. They then did an approx 1 - 90 reverse split as they emerged from bk. New stock trading around $23 now, mostly owned by bond holders. But, the common holders did get about 4% of the re-organized company, so some (not me) did profit greatly as the bk was worked through.
Right on about avoiding LINE. Might be an eventual play. After Swift Energy declared bk the common went all the way down to 3 cents. It eventually recovered to about 21 cents and then reverse split about 1 for 90. New shares trading around $23. So, the 21 cents did hold up fairly well and some did make 6-7 X their money (not me).
This is why I threw in the towel and exited a few months ago in the 2.55 area. This is EXACTLY the track that Response Genetics followed. Always high hopes for the next 1/4, but never came to fruition.
A word to all holders..............check around......this is a very crowded business. Many companies involved and it seems like the big ones are the only ones making any $$. Many small ones struggling among themselves for skimpy gross margins.
Just my observations as a former holder of RGDX and CGIX........................Kel
GILD is now 33% of my IRA account, and I'm 64 years old. (yikes). Really out on a limb now. Best value I can find anywhere. Reduced my cost basis down to 92.27.
Depends if you believe their guidance. Competing drugs from Abbvie and Merck seem to be affecting pricing more than actually cutting into unit sales significantly. Taking some political pressure off anyway with the rebates and discounts.
Likely held in ETFs or index funds. There could be some in mutual funds where an actual decision was made to place CCXI in the fund.
Has risen about 40 cents in the last month, in a flat overall market. Rather strange action for this type of CEF. Decided to take the sidelines for awhile. Am about 67% in cash now.
Would be concerned about burn rate and cash remaining. About 2 - 3 quarters of cash left unless revs pick up significantly and quickly. Debt, although not huge, is looming as well.
Kel............former holder still watching
It is pretty pitiful. Every change they make seems to be for the worse. Really strange how companies are run nowdays.
Every time I tried I got a blank screen and a tab that said Yahoo "beta" message boards. OK now......Kel
Bought some CSCO on Thursday @ 26.35. Not just a networking company anymore. Into "The Cloud," software, firewalls, and much more. A good play with it's low P/E ratio of just over 10 and their nearly 4% yield, with a growing div.
GILD now at 7 X PE ratio for 2016 estimates. Very washed out and a rising div too. It @ 85.16 on Friday.
Zepatier did $50 million of sales in the quarter. Further down in the report they break out the revs of each drug. Not much to brag about.
Beware of the refiners. They move in multi year trends. They can go up for 2-5 years in a sawtooth type uptrend. Same thing when they turn bearish. Multi year downtrends then.
Kel..............just my observations.....no positions