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CC tomorrow at 7:30. I plan on listening. Does anyone know whether they will be taking questions?
Things are pretty blah at this point (like paint drying), but big news could hit at anytime - that's what we are for!
Nice move! Breaking out from double bottom,actually triple bottom. Time for Syncora to have a PR that rockets pps - been a long time.
I've been wondering too why the PR was a mid-day release. If it was a successful study, I could understand but failures ...
thanks http://scafg.gcs-web.com/static-files/69517d05-8559-49e2-bff2-f8f6774e9e49
Consolidated Financial Statements
As of March 31, 2017 (Unaudited) and December 31, 2016 and for the
Three Months Ended March 31, 2017 and 2016 (Unaudited)
Bought a little at 2.15 to move the price up from 2.14 at the closing bell :) I actually sold it to myself - moving shares to IRA. Long-term hold so why pay margin...
So is this where everyone landed after Yahoo ruined its message boards...? Is Habusa here? Been wondering if he is still holding his shares. Hopefully frag and some of the other shorts didn't make it. Looks to be good new about Brazil!
Beat me to it! Hopefully this will usher in a new era of price appreciation!
Probably was hoping the FDA would be okay with it, but he knows better now.
Yes, why continue if isn't performing. Try a different reformulation. It does build confidence. Thanks for the knowledgeable posts guys.
Having known individuals addicted to Oxy, could see this one might be likely to occur:
16. Have a positive drug screen or alcohol screen result.
Do you know how often during the study individuals are screened?
Some that sold in anticipation of poor BE results (since not released in mid-May) maybe antsy to get back in. Let's see...
could be he is trying to ease the blow, similar to how they hyped their generics portfolio during a CC already probably knowing the CRL was coming in a few weeks
FDA needs to do its job and law-enforcement theirs. 2 wrongs don't make a right.
my guess is folks will feel okay to a little bullish until Friday
Friday, July 15, 2016 4:09CT PM that's when Elite sent out PR for
FDA Issues Complete Response Letter for SequestOx™ New Drug Application
So we are well past that time already on this particular Friday. Perhaps we don't have to start worrying again until next Friday :) Hopefully we hear positive news before then, but rumor is no news until end of month (from knowledgeable poster).
Also checking back, Elite sent PR for CC to discuss CRL at
Saturday, July 16, 2016 2:50 PM
for
Date: Monday, July 18, 2016
Time: 8:30 AM EDT
Was thinking this morning, he should have just said May, not middle of May. Agree, he was too definite.
Hope no Friday night PR but on edge. If so, then probably a Monday morning CC.
Brutal for the shorts on Monday ...? Friday has come and gone without a PR - nice! Raises chances significantly that BE Study results are a thumbs up.
That's right! What would we do without Denny Crane ...
Syncora Holdings Ltd. Announces Posting of Quarterly Statutory Financial Statements and First Quarter 2017 Operating Supplement for Syncora Guarantee Inc. and Syncora Capital Assurance Inc.
PR Newswire 04:28 PM ET May 05, 2017
--Syncora Holdings Ltd. announced today that it has posted to its website at www.syncora.com, financial statements for the quarter ended March 31, 2017, together with the first Quarter Operating Supplement, for subsidiaries Syncora Guarantee Inc. and Syncora Capital Assurance Inc.. Syncora Holdings Ltd. is a Bermuda- domiciled holding company.
Thoughts?
40-50% of a stock's move is based on its industry group and our industry group including ago, ambc & ambc has been in the dumps of late. From IBD's 197 industry group rankings:
Industry Group: Insrnce-Prp/Cas/Titl
Current Rank: 83
Rank 3 weeks ago: 78
Rank 6 weeks ago: 62
That's why I've been in the company for several years. Didn't buy anymore today, but have been loading up on more shares since Elite announced the bioequivalence study. From my DD, the reformulated SequestOx was the right way to go, as many of the knowledgeable posters on this board have elucidated. I have a full position at this point, more shares than I have owned in a long time.
Today's action just sweetened the already robust technicals. The surge in volume is quite telling, along with a nice gain!
Good analysis... it broke out from a Bollinger Bands Squeeze and Cup with handle at about the same time. A double technical positive!
Broke out today from a Cup with handle base that it has been working on for several weeks. Volume was about average (would like to see well above avg daily volume), although did finish in lower half of daily range (better to finish in upper half). The base was formed above the 50-day (+) and is later stage (-).
Possible shallow, later-stage (4) Cup with handle chart pattern base forming with a 2.39 breakout.
Not sure chart patterns matter that much for stocks such as Syncora with its inconsistent and often low volume, although the last chart pattern breakout on Feb 13 was quite successful! The pattern was a stage 3 consolidation that had started back on Dec 28.
Any initial impressions of the PREPA deal Denny and others...?
Thanks guys for the discussion of the surplus notes!
I was impressed with him also. He seems well organized and laid out all the bullet points we so often discuss on this board. It was an excellent CC. Have been during the last quarter or so, but thinking of adding even more... For a mid to longer term hold, can't think of anything better, especially considering the valuation.
Any thoughts on Fred Hnat?
especially going forward. Is he being installed to sell the company...
A bidding war between mbi, ago and ambc would be sweet!
Thanks for all the informative posts pertaining to the earnings Denny, Rock, Irish and others!
Denny, where did you see the data room access granted? Looks like a popular post on Twitter!
That's what I was thinking.Good discussions posters.
Syncora Holdings Ltd. Announces 2016 Year End GAAP Consolidated Financial
Any thoughts?
AGO been talking for awhile: time to act! Page 21... thanks for posting
Of course, I would like to get closer to 10, but no less than 5.
Buyout looming...? AGO's chart has hung in there relatively well as compared to ambc and mbi. Thanks for the info, Denny!