harpo show respect cheapsk=tkbuyer was here before you even heard of this stock and is quite knowledgable about it as is nosweat BTW I think he was referring to the futures price of oil currently in 2017 and 2018 but who as you say really knows it could do anything from 20 to 70 next month andthat is all that has kept me from doubling up and makes me day trade a small position (5%) daily trying to get my cost basis down luckily i have made 58 cents a share this week on that trading position but over all that only gets me down 3 cents on my entire position ut that is great for one week as of close coswt was adjusted another 8,33 cents lower i love this time of the month
i actually mentioned PTX as a purchase on this board 3 weeks ago when I got in and brought it to Geringerart attention under the heading of OT Geringerart
i bought it back at 7.61 it looked like it wasnt going as low as i thought will add more if it goes lower
yeah and you said i made a mistake selling 5% yesterday at 7.78 the only mistake was not selling 20% as i will buy back at 7,20 you really dont understand this company its accounting abd what is going on do you
having been in aapl from 80 to 700 i see many similarities in the action of this stock and the price action, you would get people postulating that the sell off had begun that sales couldnt meet expectations and sell then the company would surprise but not get a lot of credit and repeat but steadily go up but never getting the respect in Pe that other nonperforming stocks did. I think it is best to just ride it out and not worry about the action of the traders who manipulate the day to day trade. A year from now it will be alot higher. I dont know about next week nor do I really care as I am not =selling next week or the week after. just another perspective.
or buy this and sell a jan 2016 $10 call for 60 cents and make 25% if it only goes to 8.17 in the next yr and more if it goes to $10. seems like easy ways to make a 25% gain on this stock
and hold for one yr and one day this goes to 8.77 and doesnt cut distribution you earn 25% in eleven months. as you will get $1.08 in distributions and 89 cent gain or 1.97/7.88
buy stock at 20.90 sell jan 16 $20 calls at 4.90 net cost 16.00 return $20 for a 25% return if stock is 20 or more in jan 2016 or you own stock for
$16 sounds like a great investment to me lock it down like a short term bond.
my opinion on CRIS is that it is very early in its process of getting any approval or making any money and that until it gets into phase II tirials that it is not going anywhere but it is proimising if you have a 5 or 6 yrs time horizon. I cant see that far.
a month ago I researched PTX and bought at 8.60, it bought a drug trimexit from Pozn just as Hznp bought one from them and that is how I found them. They are going to make a $1 in eanings in the next yr so they are going to go up in price IMO They are run well and similar to Hznp in management. I took profit at 10.79 and waiting for a pullback ot mid 9s in the next 4 weeks before I reenter, it made me 40k in 2 weeks. so I am well pleased I would have held but I had an urge to buy more POZN but it didnt pan so I sold $8 calls against it for april for 40 cents that I bought stock at 7.28. Pozn is trying to liquidate or sell off as soon as it gets its next drug facility approved IMO. but I will be happy with 8.40 by april if it gets there if not iwill sell june $8 calls and get my basis down further. i will look at cris thanks
because their value is based on cash flow without hedges in the real world but not on the redetermination
thanks money, that is what i thought also and with SA raising oil today i would say that they have capitulated and the firesale is over
the big news today was not the earnings report buy OPEC raising thier price for oil. I cant believe no one has mentioned that on this board. That could be the signal that oil firesales are over and that SA has capittulated.
one of their CC stated the average life of their wells was 17 yrs not those that bruce speaks of the fact that they only need 6% capex tells you the same thing to keep production level
how could I regret it i still have 63k shares I only sold 3k shares that i bought for a trade. Oil problems are not solved yet and while todays report gives a lot of support why didnt you expect it as the hedges were in and we knew they were profitable, There was little there that was not known except by rabid bears and uninformed bulls. therefore this rally will be tested and obviously i am a bull since i own so much