Contrarian Investing-JNJ?

[Ocala Mike]

Originally Posted by FakeNameChanged

CEO Phillip Frost, MD bought 400,000 shrs at the market price on Tues for this small lab company that is involved with Covid testing. Literally in the last 10-15 minutes volume spiked to 5.9 mm shrs. OPK is the symbol. Maybe Ocala Mike has some insight, since this looks like his wheelhouse.

Nothing to offer on this. I do know that the chatrooms I go to about NVAX are loaded with manic day traders offering opinions on the whole biotech sector (i.e., virus stocks). I heard Trump mention something about Pfizer developing a therapy or a test for COVID-19 in tonight's presser, so maybe it has something to do with that?

[FakeNameChanged]

Originally Posted by FakeNameChanged

CEO Phillip Frost, MD bought 400,000 shrs at the market price on Tues for this small lab company that is involved with Covid testing. Literally in the last 10-15 minutes volume spiked to 5.9 mm shrs. OPK is the symbol. Maybe Ocala Mike has some insight, since this looks like his wheelhouse.

Okay, this small cap biotech has jumped through several hoops I prefer to see. It's still in slight down trend over a long timeline, but it's been in a channel for about six months. Have done a little more research and found that the CEO has bought about 1.5 million shares on the market since March 30. Since small cap biotechs are pretty volatile, tight stops required. Five analysts project their five year annual earnings growth at 40.6%

[FakeNameChanged]

Today CAT got hammered down 8.7%. BoA downgraded them and sent the stock down , also Barron's and probably a few others. When a giant and dominate player in its field gets hammered like this, it gets my attention for future investment. It's still about $16 below its 250 day EMA, so I'd like to see it drop a little further then stablilize and rise. It may take some time to materialize. A similar scenario happened twice before in the last 10 years with CAT.

[FakeNameChanged]

What could possibly be more contrarian than Penn Natl. Gaming? Casinos and racetracks. Am I crazy? The volumes on PENN have spiked in last three weeks. Sorry I didn't buy down at $5-6. Actually the model I use has gone positive on April 7 & 8. But when the hordes are released from lockdown, it's game on.

[highernote]

Originally Posted by FakeNameChanged

What could possibly be more contrarian than Penn Natl. Gaming? Casinos and racetracks. Am I crazy? The volumes on PENN have spiked in last three weeks. Sorry I didn't buy down at $5-6. Actually the model I use has gone positive on April 7 & 8. But when the hordes are released from lockdown, it's game on.

Ford is still cheap.

[FakeNameChanged]

Originally Posted by highernote

Ford is still cheap.

Agree. Damn cheap.

[FakeNameChanged]

Originally Posted by FakeNameChanged

Okay, this small cap biotech has jumped through several hoops I prefer to see. It's still in slight down trend over a long timeline, but it's been in a channel for about six months. Have done a little more research and found that the CEO has bought about 1.5 million shares on the market since March 30. Since small cap biotechs are pretty volatile, tight stops required. Five analysts project their five year annual earnings growth at 40.6%

Phillip Frost CEO has picked up an addl. 225,000 shares of OPK in the last two days at much higher prices than last month and early April. He's been dumping shares of PLX recently, another smaller Healthcare Biotherapeutic company, where's he's a director.

[FakeNameChanged]

Originally Posted by FakeNameChanged

XOM, CVX both up 16% since posting this. The energy etf is up 15%. Can't fuel the recovery on sun and wind power(yet). The market analysts have anything from underperform to sell on both these companies. WTH are they looking at? $Natgas is one I still can't decipher(both technically or fundamentally).

Monster day all three of these. Plus MRO-Marathon Oil. all up 9.2 to 11.8%

[FakeNameChanged]

Originally Posted by FakeNameChanged

CEO Phillip Frost, MD bought 400,000 shrs at the market price on Tues for this small lab company that is involved with Covid testing. Literally in the last 10-15 minutes volume spiked to 5.9 mm shrs. OPK is the symbol. Maybe Ocala Mike has some insight, since this looks like his wheelhouse.

Up 43% since posting. 24 MM shares traded today.

[Ocala Mike]

All I know is that NVAX is up 500% since January low (no thanks to Alton). Oh, and that milk, crops, and now oil will have to be dumped since there are no buyers.

[FakeNameChanged]

Originally Posted by Ocala Mike

All I know is that NVAX is up 500% since January low (no thanks to Alton). Oh, and that milk, crops, and now oil will have to be dumped since there are no buyers.

Well, he's probably killing it at Goldman Sachs by now. Kind of went off the rails here.

[FakeNameChanged]

Johnson & Johnson, the original name of this thread has been on an absolute tear since they bottomed out at around 109. Now back to the mid-150's in the one of the sharpest V-recoveries I've seen for a mega-cap company. Albeit a drug company working on vaccines or meds that "might" help the pandemic.
Wouldn't touch them until I see some retracement. The lesson I've had to relearn repeatedly is, don't ignore companies that have rebounded after bad news in the past. It will most likely happen again.

[FakeNameChanged]

Okay Darden has understandably looked like it fell off a cliff in Feb and Mar, related to Covid-19. No less than a dozen insiders gobbled up shares from a new public offering last week. The CEO purchased $1.5 Mil worth. They own Longhorn, Cheddars, Olive Garden, and several other rest. chains. If the reopening of the country, is imminent, they might have good reason. They are about $50 below where they were at two months ago.

[FakeNameChanged]

Heavy Insider buying by the CEO no less. Thomas Shaw has been steadily buying up shares in this micro cap since last Sept. He's bought at less than 1.00 up thru 3.11 just Friday. They are a healthcare/medical instruments company that sports a positive balance sheet. Earnings growth estimated at 41% per year.
While no Investment firms appear to be following them, they are 10% owned by Institutions. After rising parabolically recently, I see some resistance around 3.30-3.40. So I hope to see a pullback.

[FakeNameChanged]

Originally Posted by FakeNameChanged

While the futures this morning are down(again) on $WTIC, it looks to me like it's close to a bottom. One of my best investments several years back was shorting oil when it hit $110/bbl. This is mostly a gut feeling, while all my indicators are mixed. IF the market does reverse(big IF), then it will need energy to fuel the expansion. Since wind, sun and atomic power sources aren't really too invested in the markets yet, we're gonna need a glut of oil. And I read all the "energy/oil experts" reports, and they all contradict each other. For now, I'll remain on stand-by.
(edit)-I see a 1 to 2 year target at $53 /bbl.

Interesting article on why oil prices will spike, on SeekingAlpha.

https://seekingalpha.com/article/434...es-this-decade

If my estimate of $53/bbl was even remotely correct, that's still too low for shale oil producers to get back online and make a profit. Bailouts?