For one, I would hold my 25% cash. Which by the way has increased over 25% if you hold a great deal of stocks besides RAD. Wait it out before putting some of that cash back to work. Watch for premium stocks that defy the downturns and give decent dividends and has announced stock buy backs.
Today I bought some PG as well as more RAD. I based my RAD purchase on It's upward movement early this morning while the market was down 200. I paid 15 cents more than where it settled but satisfied with the purchase non the less. Didn't expect the market to plunge 350+ at the close.
Yes I admit I'm down for the year on my total portfolio. But my cash position is now 30% of my total portfolio.
I'll bide my time for now before putting my cash to work other than what I previously stated.
As most of you know I'm a long term holder of RAD.
P.S. for those of you who were 100% in stocks, I feel for you.
I do hope things turn around so everyone can be happy with their holdings.
I hope you did as well. Good opportunities will come. It takes time and patience.
The making of big up and down moves is standard procedure.
Someday it may be profitable. But for now you need to grin and bare it.
Higher powers have control over LXRX.
They can destroy it or make it go much higher.
As always, as a retail investor in any stocks, you are at a big disadvantage.
RAD's respect in the market place.
That alone protects RAD from the past large moves in the market place. I'm not talking about the small loses recently due to market corrections, I'm talking about those 15-20% drops in a day or two due to some large short talking the stock down.
RAD continues to do things right and I won't go into details. I'll let the other long term holders provide an updated list.
Once again I say that RAD is a long term hold for future large gains.
As always, I recommend keeping 25% of your portfolio in cash for special needs and investments.
I was able this week to jump in and purchase some stocks that were seriously oversold. with my 25% cash including RAD
while I also got back to 25% after the trades on stocks I felt were too weak and would fall further.
CASH is KING in this turbulent market.
Shorts have been caught with their pants down and their knee knees exposed. As my grandson calls it.
This is the short of all shorts that will cause a lot of pain for those shorts.
There may be a lot of margin calls in the morning.
Thank GOD I'm long and bought more in the AM.
You can call it what you may but I'm a believer in GOOGLE.
Now we wait to see what the action is tomorrow.
As I said above, it's not the earnings it's forward guidance.
It's not the financials I'm interested in, It's the forward guidance and the possibilities that discoveries over the past 20 years can produce great income in the future when they are approved.
In the past management always made predictions time and time again about approvals.
As a long time stock holder in LXRX I would like to have information that is not fluffed for the media and financial organizations.
Are they 6 months away, a year away or three years away for the next approval drug by the FDA?
Just give us the truth. That's all I want.
If they need to dilute the shares for a good reason, I'm ok with that.
I've been through that before.
But in the past it amounted to nothing, just more shares and bonuses to the elite few management people, making them rich.while laying off 50% of the work force.
Yes I feel a little upset overall with LXRX, but I have good reason as a long term stockholder.
Been burnt too many times in the past by previous management's promises.
So, the bottom line is, can I trust the new team?
I hope we can for the sake of all long term stock holders.
Keeping my fingers crossed. Tomorrow could be a great day or a terrible disappointment.
You picked the wrong stock to be jumping in and out.
RAD is only for long term holders.
RAD has too many good things going on that it will do very well given enough time.
P.S. Let us all know the next stock you plan on selling or buying so we can test your theory.
With the volume and increase of price per share, no one can call this a failed breakout, with the dow and s&p doing not much of anything today RAD is doing well, thank you.
The changes that RAD management has made in the past year will continue to prove, over the long term, that RAD will continue to produce an increase in earnings, pps.and debt reduction.
Long term investors are just holding their positions and expecting great things in the future.
The major shorts and market makers have about given up hope trying to hold this stock down.
At this point I think they need to move on to better pastures. Maybe DIS or LL.
FB, NFLX, GOOG,,LXRX are my best bets besides RAD.
P.S. Don't buy them because I own them and keep 25% in cash.
edu: over the years this has been a very speculative stock. Disappointing for many investors along the way, waiting for the big news that never comes.
It changed with the latest news.
I do think it has a great base now in the 10+ area.
The upcoming earnings report will be crucial.
Forward guidance more important than earnings.
Patience is a virtue.
I mentioned that a couple or three days ago.
The stock has had great holding power during these recent drops in the market. Today is no exception.
Indicates smart money is in it.
Agreed. Today's volume is too low to hit 9 today IMO.
When it does it needs to hold 9+ going forward.
IF there are no upgrades the market will have second thoughts and profits made yesterday will be taken.
Just very typical. Long term holders will wait it out.
The poor report about CVS isn't hurting either.
It takes pressure off of RAD's recent report, which by the way was pretty good IMHO.
If everything comes to pass where you are so confident then you shouldn't be worried. But its your call.
I agree with you regarding the diabetes drug. If it happens there's more upside to come.
Since you've been in LXRX so long why even worry if it went back to where it started yesterday. Assuming you got in at a low price of course.
My message above pretty much sums up what I think is happening today.
By the way I doubt very much it will fall back to where it started yesterday.
One more thing. I wouldn't be surprised to see the stock back off the highs by 10-20% until earnings.
After that it's anybodys call. We'll just hope for the best.