DJIA only down about 13 points......Russell and NASDAQ both down about 1%.....S&P 500 down a little over .5%. Carl Ichan says time for the market to cool off.
Was here a few months ago and did well, although I was out for the pop to $15. Already did all the fundamental DD here, so I know what a bargain SFY is. Two things I like the most are the concentration on the Eagleford and the low price to cash flow ratio (about 2 X, which is extremely cheap).
Glad I got the chance to sneak back in with the generally weak E&P group today.
Slick.....My SPXU is a position that won't seriously hurt me even if it goes down another 10%. I am careful with the size of the positions I take. Today's rally appears to be fading already.. The DJIA was up over 60 points, now only up 39. S&P 500 and NASDAQ are both negative on the day at this time.
ACOR has approved and pipeline products in the Neurological area. Looks like Nuedexta would fit nicely into their product line. ACOR's market cap is about $1.4 billion. With their moderate size, they'd probably have to do a stock deal (rather than cash) for a company of Avanir's size. To me that would be more desirable.
Thanks Sarge....another great report..............Thought it was a little strange that the stock had no activity yesterday (Friday) afterhours after the poison pill was killed. It was interesting though that AVNR felt the need to "bury" this news after the close going into the weekend. Always a nice place to hide news if that was their intention.
Of course, that gives the board lurkers a whole weekend to hash things over along with the trial info. A huge thanks to 'Places' and TS as well for their analysis.
Next week (maybe pre-open Monday) will be huge. Add this to the possibility the generic lawsuit is settled, an EU partnership (soon?).
Very surprised the stock isn't much higher in afterhours trading.
What are you going to do now? Market is certainly strong, almost unbelievably. Feels good does it to walk around slapping yourself on the back for your brilliance. Thank the FED.
But what to do next? Will this rise continue next week, or will we be down 3...4...5% a week from now. Most of us could go to 100% cash and put a pretty good year in the books. Be careful. This has been a little too easy. Easy come, easy go?
Everyone have a good weekend, but think about the gains you have this year and if you'd be willing to give a bunch of them back to Mr. Market.
Just some food for thought.
Still holding the AMRN, closed down 1 cent from my purchase price.
Lost about .5 of 1% this week trying to play the short side w/ SPXU and TZA.
Have a good weekend all.
Only 2 trades....one @ 4.59 and the other that Harry mentioned at 4.40 that looks bogus. Why would someone wait until the market closed to throw in an order just to lose $2000?
Traded MCP (Molycorp) for a small profit. Trying to trade 3000 AMRN before the end of the day. In @ 1.56, still about there.
Bought some JLA (Nuveen covered call CEF) @ 12.49. Trading at a ~12% discount to NAV. Will declare and pay a 1/4ly div in December. Usually declares the 1st biz day of the month after the close (Dec. 2). Last div was .284 for a 9% yield. Not sure what I'll do with this one, will have to see how it acts.
Still holding shorts....TZA and SPXU.....down a little.