Indices are @ low of the day on worldwide economic growth concern, jobs data in US was weaker than expected.
S&P 500 @ 2046.57, low 2046.23, high 2060.30
Internals are negative by minimum 2 to 1
Oil Down 28 cents
Gold Down $16.40
Canadian $ Down 1.50 cent @ .7131 US$, trade deficit grew largest in 2 years.
VIX UP 6.22% @ 16.57
In my portfolio :
Added 20% CNQ @ $27.66
CNQ reports before open on Thursday, here are the expectations :
Sales Q1 $2.14 billion, EPS loss 55 cents
Guidance Q2 Sales $2.45 billion, EPS loss 42 cents
Expecting less loss in Q2 guidance.....
Most stocks are down
@ 2.13 following are green :
BIDU NTES SBUX TWTR GOOG MSFT SINA
DNKN YUM WB MCD......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
The majority of RLYP conference call so far been about how/why prescriptions are slow to come in. They are basically having to develop a chronic hyperkalemia market almost from scratch since the prior accepted drug was not well tolerated and was the only option in the last 50 years. It isn't exactly inspiring and really speaks to why they need to be bought out--let a much larger company spend the money and time to develop and capture the market.
Stocktrader
Hi Stocktrader,
Thanks for your take on RLYP cc.
Your analysis seems to go against their " being independent " as a company which Mizuho
analyst calls it reason to run as there will be no focus on being bought out.
Saleem
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