BLUE HP notes CURN near all time low, and possible opportunities in AGIX, CIPH, VGNX, INGN, and even former short candidate SGEN. And LSBC continues to flap wildly above and below $5. Definite opportunities for nimble traders with that one.
ipolockup.com
Their figure for average daily trading volume (and thus the days to absorb released shares figure) is wrong. Everything else looks fine.
10kwizard.com
SGEN insists on including long term investments as cash. Looking in the above 10-Q, I see that these are long term mortgage backed securities and goverment bonds. These are plenty liquid, and thus probably ought to be included to provide an apples to apples comparison to other companies. TWTI, for example, also filed their 10-Q today. They have a smidgen of cash and a bunch of short term paper:
10kwizard.com
So that means SGEN has $67.3m in liquid stuff (per liquidity and capital resources note in the 10-Q). So they have about $2.30/share in cash. Low in the low $4s. The interesting thing about SGEN is that it unlocks after Labor Day, when a lot of players will be back from vacation. Will this result in many concentric circles of elephants around SGEN, each holding the tail of the elephant in front, each circle moving in opposite direction to its neighboring circles? In other words, will the circumpachydermal vortices around SGEN be bigger than those we have seen on other BLUE H companies as they unlocked in the doldrums? Should be fun to watch. There has been a little discussion of SGEN on its own thread.
Speaking of TWTI, here's two looks at the action surrounding unlock:
ipolockup.com
siliconinvestor.com
Look kind of familiar?
Cheers, Tuck |
