The energy sector has value and the reward will require holding not looking for a quick profit like high beta stock trading. I am hearing first talk today of Saudi Arabia losing its control and most likely having to cut production during 2016.
I went mostly to cash for the first time ever, even with 2000 and 2008 where I stayed full invested. Had a huge position in Biotechnology over the past 5 years. I recently bought Energy mutual funds as my sole mutual fund position.
10 consecutive trading days with the stock closing at $1.00 or higher.
May 29, 2015 1.20 1.20 1.11 1.14 183,000 1.14
May 28, 2015 1.16 1.24 1.12 1.18 437,700 1.18
May 27, 2015 1.12 1.18 1.09 1.14 335,200 1.14
May 26, 2015 1.10 1.13 1.08 1.11 210,200 1.11
May 22, 2015 1.11 1.15 1.03 1.08 107,800 1.08
May 21, 2015 1.13 1.16 1.05 1.10 238,000 1.10
May 20, 2015 1.05 1.15 0.95 1.14 437,300 1.14
May 19, 2015 1.25 1.33 1.01 1.07 1,511,300 1.07
May 18, 2015 1.06 1.28 1.06 1.23 1,841,000 1.23
May 15, 2015 1.00 1.08 0.99 1.06 453,200 1.06
This revelation is the catalyst that should double the share price in the near term, not to mention that the stock is oversold. Any additional significant news would be a bonus, but not necessary to continue the upward recovery.
GTx Webcast of Corporate Presentation at the UBS Global Healthcare Conference 2015. The GTx presentation will begin at 4:00 pm EDT. Whether the curious timing of the presentation is a coincidence, purposeful or not important, it will be known tomorrow.
Acquisition of media/mobile/content giant AOL - this week it was announced that AOL was being acquired by Verizon. While there are many facets to the AOL empire, the core growth engine is focused on mobile/media/content/advertising - much like Inuvo. While it is not really an apples to apples comparison and I do not believe anyone would suggest that Inuvo is comparable to AOL, the large premium paid for a company with similar lines of business often leads to investors to look around for other smaller players in the space that might be gobbled up at a nice premium. Given the valuation of Inuvo and its profitable and rapidly growing mobile advertising business, it would not be surprising to see one of the larger players in the space make a run at Inuvo. Given CEO Howe's recent comments, it appears that any discussions would likely require such talks to start with prices in the $4 per share range.
The longtime Chief Executive Officer, President and Director Michael M. Morrissey, Ph.D of Exelixis, Inc. will face the Shorts, Bashers & Negs Gang alone as the hopeful Longs who are situated behind closed doors monitoring their laptops await his presentation that is scheduled today for 12:00 p.m. PDT.