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$10 would fill the next gap down.
Sell signal on American Bulls: https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=CEMI
Based on charts.
Seems too many others testing maybe? There are so many out there.
And again only in an emergency would the tests be put to use.
They can "send out" all they want but that is not actual testing.
Glad I had my stops in place, but I will keep an eye out.
Good luck.
If you are into charting as I am too, there are a number of "gaps" that could be filled on the way back down, before going up again. They don't "always" get filled, but most times they do at some point. Just an observation. Again, I use stops.
More volume is needed to sustain the 600% run we have had in 6 weeks, but the volume has been light lately.
Maybe not much selling, but also not much buying?
Be careful and set stops is my opinion and what I have done.
Don't be afraid to take gains.
I doubt anything major is coming as a catalyst in the near term.
The replies I got from my emails to the company left me a bit unsatisfied. No FDA "approval" I guess as it was never mentioned.
As the cases slow, the emergency that we are authorized to test in is getting less and less, and when no emergency, no authorization.
Good luck but stay cautious.
And stay safe.
Thanks Blue, but I will continue to follow this for sure.
Not to be a negative, but they have discontinued paying dividends.
I checked a few other sites too but this is from the Yahoo link that you posted Blue:
Dividends & Splits
Forward Annual Dividend Rate 4 N/A
Forward Annual Dividend Yield 4 N/A
Trailing Annual Dividend Rate 3 N/A
Trailing Annual Dividend Yield 3 N/A
5 Year Average Dividend Yield 4 N/A
Payout Ratio 4 0.00%
Dividend Date 3 N/A
Ex-Dividend Date 4 N/A
To me that is no big deal nor too surprising.
Good luck
Good point Willy
Yes agree Geo
Impressive
He has one here.
After "emergency" what happens? That is what I was concerned about in my email question to Chembio. (link back to see Chembio reply)
They really didn't know themselves if we are still in a state of emergency, and their EUA is only effective during a state of emergency. After that it is not valid, so unless they get actual FDA approval, I wonder if this 300% run is over and we settle in the $9-10 range?
The big pharma companies like Abbott and others are doing it too of course and soon the pharmacies will be doing testing to individuals according to the Newsday on LI, NY this morning.
I am just being cautious with stops in place.
Good luck to all.
Stay safe.
Email from Chembio to some questions I had regarding how long the "emergency use authorization" could last?:
"Hi Ray,
Appreciate your questions. Given the fluidity of this situations the regulatory environment adapting to accommodate the healthcare needs of the population we don’t have definitive answers and won’t speculate on the duration of the state of emergency. The company is now making commercial sales and shipping tests to customers in the US.
The company expects that the type of testing they offer will be important longer-term for several durable use cases that will be relevant past peak infection rates, including individual patient management – monitoring changes in IgM and IgG levels, population screening – identifying who has had exposure to the virus, and in clinical trials like Stony Brook is conducting to measure the performance of new therapies.
Best, Philip"
AMZA up 25% in 10 days with over 20% yield as of now. I expect it may come down to 15% or so.
My wife and I are 73 years old, so INCOME is my main focus, although I still "dabble".
Yes I like it too. Plus it has had much insider buying lately too.
But for now I am out and I am in AMZA.
An oil ETF that pays 20% plus dividends monthly.
They just reduced annual dividend from $3.60 per share to $3.00 and even if it drops to $2.00 as I expect possibly, it will still have a 15% yield. And the top 10 holdings all still have solid numbers.
It is an INCOME play. but it also has gone up 25% in the last 10 days.
My other ETF for income is QYLD, which is 5 star rated and has a yield of 11% and I have had it for 2 years.
My wife and I are 73 years old and why the income is my main focus, but YES I really like GTE.
Good luck with it.
You are welcome Pharaoh. Will do.
INCOME? QYLD. 12% 5 star rating ETF.
It is based on the NASDAQ 100, so all the top techs like Apple etc. But it generates income also from writing covered calls.
No need to know about how they work if you trust the ETF.
It has a 5 star Morningstar rating and pays 12% interest.
It usually goes down less & up less than the overall NASDAQ.
I am 73 years old so INCOME is the main goal for my wife and I.
I do of course "dabble", but don't tell my wife.
LOL
You are welcome. I have followed it for years and owned it for months. My wife and I are mainly looking for INCOME.
So we have only maybe 7% in this AMZA. Yes do your own DD.
And good luck.
One other I have had for 2 years and is very different in that it is OPTIONS BASED is QYLD.
It is based on the NASDAQ 100, so all the top techs like Apple etc. But it generates income also from writing covered calls.
No need to know about how they work if you trust the ETF.
It has a 5 star Morningstar rating and pays 12% interest.
AMZA R/S on 3/20/20. OIL ETF "After the close of the markets on or about March 30, 2020 (the Record Date), the fund will effect a reverse split of its issued and outstanding shares, with a 1 for 10 ratio. Shares of the Fund will begin trading on the NYSE Arca on a split-adjusted basis on or about March 31, 2020.Mar 13, 2020"
AMZA already did that AF. But yes you are right.
VERY cool. I was going to ASK who you pitched to and batted against.
That is SO COOL.
My daughter got me for fathers day about 5 years ago a VIP tour of Yankee Stadium.
I got autograph and had lunch with Jim Leyritz. And also John Montefusco was there too.
But I never pitched or batted.
I was maybe 68 years old then, so my first and last pitches would probably be in the dirt or high and outside?
LOL
OIL? Check out AMZA (ETF) and the dividends?
I have it and the dividends were just cut from $3.60 to $3.00.
Even if the dividends drop $1.50, or down another 50%, the dividend interest will STILL be about 11%.
If you check out the top 10 holdings, the numbers are still looking very good on those companies.
AND of all the other OIL etf's, this is the only one that pays MONTHLY, which I like.
NICE God willing maybe you will still go?
Cool and also about Lasorda. And yes Dodgers and Yanks are lined up for the World Series this year if we play at all.
But the series may be on Christmas.
LOL
LOL - I am still not shaving until I get my nursing home entertainment back AND Yankee baseball. But I am liking my beard so far, and I think my wife is coming around, so I may just keep it.
CEMI testing in news 3 times in 3 days.
8-K story and 2 other article links:
CEMI is 1 of only 3 companies that are authorized by the FDA for "emergency use authorization" for testing for anti-bodies.
https://www.bizjournals.com/sanfrancisco/news/2020/04/22/covid-coronavirus-serologic-blood-tests-roche.html?ana=yahoo
https://www.marketwatch.com/story/how-mass-testing-is-the-only-way-to-return-to-normalcy-but-bottlenecks-and-questions-persist-2020-04-22?mod=mw_quote_news
8-K Filing......Great News!
On April 20, 2020, we, through our subsidiary Chembio Diagnostic Systems Inc., entered into a loan agreement with HSBC Bank USA, National Association, which we refer to as the PPP Loan, pursuant to the Paycheck Protection Program of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. Under the PPP Loan we will receive approximately $2.98 million, which will mature on April 20, 2022 and bear interest at a rate of 1.00% per annum. The PPP Loan is evidenced by a note dated April 20, 2020, which contains customary events of default relating to, among other things, payment defaults and breaches of representations and warranties. We may prepay the PPP Loan at any time prior to maturity with no prepayment penalties.
Under the terms of the Paycheck Protection Program, certain amounts of the PPP Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. We intend to use all proceeds from the PPP Loan for such qualifying expenses. Based on currently available guidance, we expect that $2.4 to $2.7 million of the PPP Loan may be forgiven by the U.S. Small Business Administration, or SBA, upon submission of our application beginning 60 days but not later than 120 days after loan approval and upon documentation of expenditures in accordance with the SBA requirements. The amount of any principal or interest that is not forgiven and is outstanding as of October 20, 2020 will be fully amortized and equal monthly payments of principal and interest will be due commencing on November 20, 2020 through April 20, 2022.
R.B. Engelhorn
Good news and yet down in pre-market slightly.
Geo can you post the link for that please. I can't find it anywhere but I did find 2 other articles, (not 8-K) that are from the last 24 hours or so, that I will post the links for in subsequent posts.
Thanks
Ray
CEMI: golden cross plus "Cuomo was referring to it or the test that was developed by Chembio Diagnostics"
https://www.ibtimes.com/coronavirus-update-new-york-starts-aggressive-antibody-testing-step-towards-reopening-2961629
To help a senior in or out of a nursing home:
Nursing Home Entertainment
CEMI: golden cross plus "Cuomo was referring to it or the test that was developed by Chembio Diagnostics"
https://www.ibtimes.com/coronavirus-update-new-york-starts-aggressive-antibody-testing-step-towards-reopening-2961629
To help a senior in or out of a nursing home:
Nursing Home Entertainment
Nursing homes: to help a senior in or out of a nursing home.
Nursing Home Entertainment
CEMI: golden cross plus "Cuomo was referring to it or the test that was developed by Chembio Diagnostics"
https://www.ibtimes.com/coronavirus-update-new-york-starts-aggressive-antibody-testing-step-towards-reopening-2961629
To help a senior in or out of a nursing home:
Nursing Home Entertainment
Golden cross on Monday good sign.
"The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average."
Yeah this was April 13th. Let's see how the study goes?
Falling but should be $10 support level if it falls past $12.50 support level?
https://finance.yahoo.com/news/chembio-covid-19-test-could-121322419.html
"With a large number of companies hoping to bring a viable COVID-19 test to market, how does one differentiate itself? A nod from the FDA helps.
Last week, Chembio Diagnostics’ (CEMI) DPP (Dual Path Platform) COVID-19 serology test was granted emergency use authorization (EUA) by the FDA. The company’s potential to deliver a reliable test has driven impressive gains for the stock in 2020; Chembio’s share price has appreciated by a massive 166% year-to-date.
Accordingly, Canaccord Genuity’s Max Masucci reiterated a Buy recommendation on Chembio and bumped up the price target – lifting it from $10 to $12. With CEMI having added 50% over the past week, it has already soared beyond the analyst’s target; the figure reflects downside of 1%. (To watch Masucci’s track record, click here)
In a crowded space with over 70 competitors hoping to gain market share, Chembio is only the third to receive emergency use authorization for its serology test. Both other companies, Cellex and Ortho Clinical Diagnostics, are privately held. According to Masucci, the former’s test has reported 93.8% sensitivity and 95.6% specificity, while the latter’s data has not been released.
“We have not seen CEMI’s DPP COVID-19 performance data, but we note that CEMI’s DPP HIV ½ assay delivered 99.8% sensitivity and 100% specificity in its WHO evaluation. We are unsure whether CEMI’s DPP COVID-19 test can replicate these same levels of sensitivity/specificity, but in a broader sense, we expect the superior performance to carry over,” said Masucci.
With the stakes so high, the importance of the test’s accuracy cannot be overstated. Concerns have been raised regarding the quality of imported tests, which have been repackaged and resold in the US. The 5-star analyst believes the FDA’s decision regarding Chembio’s offering reflects highly on the company, yet its possible impact on the balance sheet is not clear just yet.
“We see FDA EUA as a line in the sand between reliable serology tests and the (expected) large number of low performing or dysfunctional tests that may enter the market… We are positive on the announcement, which we think further ‘legitimizes’ CEMI’s COVID-19 revenue opportunity. That said, there is still uncertainty around the level of revenues CEMI may drive from the sale of this test, and we look to learn more in the coming weeks,” Masucci explained.
Out on the Street, only one other analyst has thrown the hat in with a view on Chembio’s long-term prospects. The additional Buy rating provides CEMI with a Moderate Buy consensus rating. The average price target is $9.50 and following the recent surge, represents possible downside of 22%. If the stock keeps outperforming, expect readjustments to the analysts’ models shortly"
CEMI up 21%
CEMI already has "Emergency Use Authorization" but is not FDA "approved" yet. So the testing on CEMI is ready for use if still in emergency conditions.
"NovaBay said it will submit the fluorecare test kit to the U.S. Food and Drug Administration under Emergency Authorization Use"
Sometimes it is a bit confusing even though we have "an agreement with Shenzhen Microprofit Biotech Co. to become the exclusive U.S. distributor of a rapid, finger prick test to determine the presence of Covid-19 or a potential indication of antibody immunity to Covid-19."
Good luck
Important: "will submit the fluorecare test kit to the US Food and Drug Administration under Emergency Authorization Use."
Let's hope they get the approval for Emergency Use Authorization?
That would be really huge as similar to CEMI which days ago did get approval for "Emergency Use Authorization" and it has also been a 5 bagger in the last month or so.
Good luck all.