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Thank you for the guidance. I look at this as a potential buying opportunity for a handful of companies on my watch list to start a position. I still have to work 10 years more so from my perspective, being patient and paying attention is how I will play this out. Cheers & health to all.
Great entrance point for MRNA. Unfortunately COVID will keep mutating and suspect MRNA along with PFE will continue to “tweak” their vaccines and boosters accordingly. Good luck!!
Congratulations sir!! Despite taxes, sometimes it’s best to take your profits and wait for the next opportunity. Happy Monday to you all.
That’s so awesome!! Congratulations sir. I seriously need to learn and start this type of exercise on paper to build confidence. Very, very cool…..
If I had anything intelligent to share I sure would. You guys are entertaining to read through the day. Is it just the three of you that contribute religiously?
Great affirmation, thank you. Our facility in Wisconsin experiences the same as well, albeit we service many different markets (animal nutrition, human nutrition, food ingredients, pharma, agriculture, etc..).
Thanks Eric. This has been a thorough educational experience for me and I’m sure many other small investors. My exit strategy is simple. Most of us invested like Dew expect a cash buyout after FDA approval with 12 months in the range of $5 Billion for the company equating ~$70/share. I’ve been invested for at least 4 years. Adding when I can and when it makes sense. Time will tell.
Relative-ly (pun intended) short flight then! From Chicago ORD to Heathrow is only 6 hours. I’ll be there sometime in Q4. Then over to Denmark, Germany, France and hit the Netherlands on the way home.
RVNC - my last tranche this last 30 days was at $15.54. Yesterday and today make no sense to me other than the company mentioned the FDA made some observations during the July inspection. Investing this company is not for the faint of heart. Closed at $21.52
One of my customers in the UK has a facility south of London by two hours. I spoke to the site manager there earlier this week and he said their electricity cost are up 300% compared to last year this time.
Sincerely appreciate the response sir. I am relieved they addressed the FDA’s 2021 “observations” from the last Audit/Inspection. Apropos the most recent “findings”, it sounds like paying more attention to details would benefit RVNC by their Quality, Ops and Management teams. Hanging on tight while this story continues it’s crazy journey forward. GLTA
Are we looking at another CRL followed by another six months delay or more?
NVDA might be a good opportunity. Seasonal soft demand for gaming chips?
Thank you and will do!! The one thing I’ve learned over the years is investing requires significant patience and timelines to allow those investments to mature and play out. Human nature at times counters this approach. Well, at least for me!!
Thanks Eric. I follow approximately 20 companies including their trading patterns and use a few indicators myself. Should prove to be an interesting exercise.
Will look into it. Any good references you gents can refer me to please? Like “Options trading for dummies”.
Thank you Eric. Much appreciated sir. I’m only into long term holds after completing significant due diligence. Best,
Rich
Good morning. Speaking of curiosity, this post recently from the RVNC board. As I have shared, I’m significantly invested in RVNC. I have no clue what this posts means and would sincerely appreciate the support from you all if you have a moment. Admittedly I know nothing about “options, calls or puts”. Thanks gents.
“The volume on the '24 30 strike call options are mine. I was paid 4.10/shr. Some may think not in my favor but it takes the short term story out. If a new team needs to brought in to get the product sold - so be it. I doubt the buyer was retail, and my takeaway is that some big pocketed tutes believe this company is a long term winner. I understand buyout vig a big part of it, but still a lot to pay for something that is that far out of money. If they're sold for 45, I won't cry, was worth it to me at the time
Majority of position now in August calls. Pays little but expect they'll finish out of money and I will roll into them all into something far better hopefully after an approval”
“It reminds me of a portion of a poem by Margaret Atwood
Of course your lies
are more amusing:
you make them new each time.
Your truths, painful and boring
repeat themselves over & over
perhaps because you own
so few of them.”
Great post and poem!! Basically how I personally feel about ALL media. As I personally view it, they are all competing for the same advertising dollars. I don’t subscribe or trust any of them sadly.
Happy Friday!! 4 hours until my weekend starts!!
LOL!! Cheers
Interesting factoid. Incidentally I have several friends in their 50s and 60s that I’ve tried to get this medication who have been told they don’t meet the criteria. Perhaps the availability is being throttled back?
My sincere apologies to the board. My dry sense of humor got the best of me with what seems like world these days redefining everything to suit their own needs and agendas.
Our operations team is down 10% workforce and none of us can figure out why with the generous incentives being provided. There are so many jobs out there yet no one seems to be serious about taking advantage of them. Heck, we have a $5,000 signing bonus which gets paid out after six months and yet no takers. Strange times for sure.
My education is in biochemistry & fermentation sciences. I’m 57 going on 58th and honestly I’ve never seen such an upside down world. Again my apologies to the board for my crass dry humor. I will revert back now to lurking mode…… Cheers.
Which means the WH might be in the process of redefining what day and night are….LOL.
Supply chain….Sererval with their hands in the cookie jar
Thank you for the technicals on this. I’ve been considering buying Au coins, just been wondering where the bottom “might” be….cheers.
Good morning and thank you sir. Should prove an interesting story as they proceed forward. First hurdle (Reinspection by the FDA) should take place soon. I fully expect them to finally pass and get approval. JMHO. Best to all
Thank you for sharing. Excellent write up in my opinion.
Thank you all. Great board!!
Perhaps I misspoke. I’m “hopeful” energy cost will continue to decrease as they have of recent. I only own one stock at this time which I purchase some time ago. RIG
Thank you for the guidance!! Let’s hope we are over the worst of this as energy cost decrease.
Nasty, nasty, nasty….I thought the “experts” stated inflation was transitory.
Hi Eric,
Hope you and the family had a nice trip to Arizona. Apropos bank stocks, I’ve been tracking one in particular which I view as an excellent investment opportunity. I’ve purchased a small quantity of shares over the last week but being mindful of the overall market conditions I’m holding off purchasing more at this point.
Please consider reviewing NYCB
PE 7.52
EPS $1.22
Yield 7.34%
Cheers,
Rich
Thanks Eric. I’ve been following this industry for some time and
as I disclosed previously traded NVDA for a short term gain albeit incredibly modest. Appreciate the tech analysis sir!
Excellent point!!! Always an opportunity….good DD and asking others for their opinions helps us all keep expectations realistic. Great board!
I too experienced “excitement” like this. I thought I was shrewd enough to by NVDA at 245. It then dropped to 219. Rebounded to $283. I sold at 247 thankfully. Today it’s at 148. My conclusion after this little exercise is I have no business trading stocks like this one. Live and learn….
Thank you in kind and appreciate the comments. I can appreciate your investment strategy sir. I’m very much enamored with the science side of life and investing. That shared, I need to learn more about how to invest in a more balanced fashion. I very much appreciate this board and find is enriching and helpful. Cheers to you all here….thanks again. Rich
RVNC’s latest corporate update from May 2022
https://investors.revance.com/static-files/0b834b9b-7e6e-4ac2-aad3-4efbf03c3898
RVNC has a better than Botox (approximately twice the duration) called Daxi that has a pending FDA approval coming up early September, definitely a binary event. I’ve been building a significant position for years and offer this to the crew here for consideration.
Rich
Too funny!!!
I too think an increase in 75 is baked into the market sentiment presently. Interesting times to say the least….
LMAO!!! Thanks for the laugh. FWIW this is a great board and quietly enjoy the posts here. Much appreciated all.