I am thinking we will see $5+ by next week. If they were to come out with some news about debt, and a good deal on it, that's why there is such negativity.
That can send the stock back to $6-8.
We are back at square one, but if you think of it, the last time this stock was at $4, they didn't have this rev and had only HOPE. Now we have rev and hope. So I think $6 is my short term (1 month) target.
I expect the dividend to remain the same. They have had a tendency to keep it in incriments of 0.05, but I dont see it increasing to 0.35, not in this environment. They could go up to 0.32. For the sakes of ACTUALLY raising their dividend, they should raise it to 0.31, just to get that stimga.
I Believe it should go over $10 if we get back to $85, more like 12-13. Markets over reacted on the way down, this should be trading around $9 with oil around $75, but its pricing in $70 oil IN MY OPINION.
Oil will rise in anticipation of a OPEC cut in a week. I am expecting $79 oil by the end of next week.
UNFORTUNATELY I will not be buying more stock, as I bought more at $16, $12 and $7, so I will ride this out, since oil will rise, it doesn't stay low forever.
IO has been around for 25 years, so I dont see them going to way of the DoDo - so they will survive. They dont have much debt, they just arent positive in earnings, so once the right the ship, I think we can get back into the 4s.
UNFORTUNATELY, when oil prices fall, exploration is the first thing that gets cut, and when prices rise, exploration is the last thing that comes back. So they are in a pretty bad cycle now.
I will be buying more shares down under $3, and hoping the pain is over. Unfortunately earnings wont be so stellar (we already know that from the last call).
i havent found any yet. looked like a knee jerk reaction to something, but there wasnt alot of volume on the spike down... so i think it was a rogue trade. and investors saw an opp to buy some cheaper shares.
thats a very bullish move coming off those lows. shows that dips will be bought and there isnt much reason to sell below 12.
Sorry, that was very wordy and babbly - but in short, we will trade sideways above 12 for a while until we get more numbers.
Upcoming catalysts are...
More light on the SEC situation
NASDAQ uplist (even though still under investigation)
LARGE INCREASE in Revenue
Possible increased guidance AGAIN after a big launch for COMBAT BARS
---- and others that aren't public knowledge
The next catalyst will have to be sales or entrance into large market channels.
Earning will be coming up soon, and that will boost the price around that time, unfortunately that's in another month, so hence my sideways call.
It wont be then until we get more information on the COMBAT BAR sales, and the ideas for CoCoProtein.
Remember, we still have RTD Amino1 that is in the works that could be a big hit too. They are moving away from the powders into those larger markets (great idea).
Time will tell where the pps will go, I haven't added any shares, as I bought some down at 6 a year back, and only because I bought at 10 and 11 on the last spike.
I don't expect any big news until earnings, we know COCo will be in Costco, but as of now, everything is being sold in 'bulk' boxes, so a large development would be them selling individually in Quick stops, or whatever a large local convenience store would be in the Denver area (then they can expand that market in the near future once they know how they sell) - that's just my opinion, I have no reason to think this will actually happen.
Ive been a little perplexed with the move downward, however, on a positive note, there have been insider purchases above these levels and higher. If you look at the chart upwards, you see there are always pullbacks to around this point before it moves up.
IMO, I believe we will see it trade sideways around THIS POINT, in the 12s.
As long as we stay on this trajectory, and above 11, the chart looks very strong and people should buy the dips.
You meant UNDER 12, right?? Unfortunately this wont start to move up until we get oil above $95/barrel and we get some light on their production numbers going forwards.
Fast money guys don't care about 'investing' its all trading.
Don't listen to any of those guys.... the only CNBC people that are useful to listen to, as the ones that come on from hedge funds that say which stocks they would recommend. Those guys are investors and have the long term picture.
2-4week options, and short moves is all the fast money guys are looking for.
Until coal rebounds, I will probably not buy more BTU, I have this in my retirement account, which still has years to mature. Coal isn't going away.... and BTU is the strongest in the space
Silva winning would be better for CEMIG, but I think they both have a stance of cutting electricity costs to make it more affordable and allow more people to have access to it. So its supply and demand. Perhaps in the long run, lower prices now, mean more will have access - and in the future, those people will get better wages and when they raise prices again - CEMIG will be in decent shape. They still control a large % of the total brazil electricity.
Brazil markets are down 10% from their recent highs... and though CIG is down much more, its the market also. Brazil energy stocks are getting hit, its just tough seeing PBR recover nicely and CIG keeps dropping.
Unfortunately the drop can continue until we know the real story with brazil and their energy costs. Its a LONG term hold for me, the 2nd divvy payment is coming in 2 weeks, so they will be reinvested at a MUCH lower price. Over time, CIG isn't going anywhere, they control too much energy and real estate. CIG will recover, it just may take time (along with the EWZ and Brazilian economy)
All my personal thoughts. Best to all those still long. Im sure there is panic selling now.
There is plenty of news, Rouseff wants to cut energy costs by 10-25% to make them more affordable for brazilians. That means 10-25% less profit for CEMIG. They are also talking about wanting CEMIG to focus less on profits (which means less dividends), and more on better service and lower prices.
Along with Brazil markets getting hit pretty badly the last few weeks, it all adds up to the decline of CIG. Brazil is still growing however, so this cut to electricity costs is to get the company higher GDP and help the middle class since they are on the brink of a recession. Good times are still to come from CEMIG, just hold and collect the divys. Unfortunately I bought more at 8.50 thinking it would bounce... I was wayyyyy wrong.
Yeah, the anticipation is priced in, and once we get some sales numbers, distribution channel news, etc, then it will really pop. If we get news that they did $1-2mil in sales over the first month, and then come out with news that they will be available at Walmart, Target, 7-11, etcs some mass market store, then we will see the price increase more.
MSLP has a lot of new products coming out soon. Coco water, their 'all natural' line, Amino1 RTD, etc etc etc.
Price drop today will rebound tomorrow, just sold off at the EOD on some volume.
Problem is, with 85-88 being my low range for crude... those prices will likely push EXXI down to $11-12/share... so that's a lot more downside. EXXI move very heavily with the price of crude.
I bought in on the hype back in $16 also... kicking myself now, because I am now overly investing in oil/energy and this is a horrible time to be in that position.
I DO THINK HOWEVER, that EXXI will recover, yet, going down to $12/share, a nice recovery would be 16..... so in my opinion, this gets worse before it gets better.
I didn't think we would reach these levels, but they haven't proved anything yet, a couple Qs of pretty dismal results, we need another strong Q, and with these oil prices and supplies, we wont see that. I WILL HOLD. In time, this will return, but it perhaps might take a year
Its always nice that they have the buyback available, however, at the looks of it, I dont believe they are buying back shares right now. The volume isnt much higher, and seeing as many other REITs are rising over the last month, ARR has been pretty flat. I would expect a couple days of buying would bring the stock price up 10cents or so. A couple %%%.
It looks like they are waiting to buy shares til they have an idea about interest rates and their future holdings. It looks like they are trying to retain some cash at this point, as much as they can legally keep.
I actually sold for a profit as well - I may look to re-enter if this ever takes a breather. RSI is up around 90.... so I think its due for a pullback. If we get back towards $6 I will enter the stock again, but its on my watch list. Unfortunately its still a cheap stock, growing 'slowly', but earnings, and cash wise, this stock is dirt cheap. So that was what was keeping me in. They will make around $0.60EPS this year... so at that multiple, its 11xE, but with their 80mil in cash, if u EX-cash, its less than 10PE... that pretty cheap. However, since all its revs are from ZADAXIN, I believe that is why it gets the discount.
Its been helping that the Chinese markets have been up the last few days too. Looks like Hong Kong markets are at a fresh new 5yr high today. SCLN keeps trucking along, relatively 'sideways' the last few days compared to the large moves upwards the previous days.
Nancy T Chang, a director of SciClone Pharmaceuticals, recently acquired 25,040 shares of the company. The buys took place at $6.00 per share, on August 15, 2014. Chang now owns 25,040 shares of the company
... looks as though these were not 'gifted' shares this time.
Good to see.