35 is my exit point so I'm still in. I liked the buying into close yesterday. I expected some profit taking especially from the people who just bought in. I may sell today but well see
Well. I leave for a few hours in the morning and it takes a dump.. just like last ER. Seems to be recovering though so lets see how this plays out.
I ended up making 5.5k. at 39$ I would have made about 12k One of the worst post ER selloffs I ever saw. I should have been more prepared
So you'll only be getting the 8 oz. Porterhouse steaks tonight? haha I wish I was half as prepared as you, still got a good chunk of change. The generic drug companies not holding up well...wonder if it's related to Hilary/biotech issues.
Missed EPS by a large amount (0.40 vs 0.55) and missed revenues estimates (also -17.6% y/y). So far up a nickel in after-market. If this doesn't go down tomorrow, then this may be the bottom because this report seems to be as weak as it could get.
I think this is a good find On a weekly chart it looks like a low volume spring set up And i like how the volume profile is focused on the PS line...... last time i saw that, good things happened
They make generic drugs, maybe a lot different from the pharma stocks that you hate. Was down -4.5% at one point today, but right now has a long lower wick forming. Some highlights from their report: This Q sales were $139M, but 2018 guidance is $655-665M sales (~160M per Q), so that is some growth. "while much of our industry is facing pricing pressures, we expect our adjusted gross margins to continue to be above 50%, which exceeds the average of our peer companies." "our fourth quarter was impacted by unanticipated items, which totaled approximately $0.24 per diluted share" They admitted there are pricing and volume pressures. However, they claim to have a number of initiatives put in place Currently trading at 0.87 P/S (which is low, especially if that sales guidance holds up), and 1.07 P/B.
Got in at $18.75 the other day... like what im seeing!.... looks like i might actually win one before this year is over
