Facebook (FB) Buy Order Has Been Entered

I'm not a fan of holidays, but I like Father's Day.

Today, Sunday, 16 June 02013, I placed a good-till-cancel order to add to our FB investment at $23.56 per FB share. FB closed Friday ,02013.06.14, at $23.63. Despite lowering our average cost per share, our FB investment will still be underwater if the order is executed (transacted).

#PiMoment I was okay buying FB at $23.63, but wanted the buy price to be a multiple of Pi. 7 $Pi was $21.99 and 8 $Pi was $25.13. The buy price of $23.56 is 7.5 $Pi.

Facebook (FB) Remains a GDT::Portfolio Laggard

Facebook (FB) remains an underwater investment for us, but that's short-term. I remain bullish on FB long-term.

I read an article yesterday (02013.06.10) that had the following title: Facebook Is Cheaper Than Google, But Shouldn't Be, Analyst Says.

FB closed yesterday (02013.06.10) at $24.33 giving Facebook a market value of ~$58.83 billion. 52-week range: $17.55 - $33.45.

GOOG closed yesterday (02013.06.10) at $890.22 giving Google a market value of ~$295.34 billion. 52-week range: $556.52 - $920.60.

Right now I'd be content with Facebook's market value being half of Google's market value.

Bought Some More NeuroMetrix (NURO)

NeuroMetrix (NURO) dropped below $2 this morning, so I added to our NURO holdings buying a small number of shares at $2.00 per share. A few days earlier NeuroMetrix announced a "$5 Million Preferred Stock Placement". 52-week range: $1.84 - $5.10.

Stocks::Stuffer posting from 02013.04.15...

NeuroMetrix (NURO) tanked on 02013.04.15 (Boston bombings) and that caused my good-till-cancel buy at $2.20 order to be executed. There was NURO insider buying on 02013.03.11 at $2.39. NURO 52-week range: $1.98 - $5.10.

StemCells (STEM) -- More Cash Implies More Dilution

StemCells (STEM) announced the following on 02013.06.04: Under the terms of the agreement, Lincoln Park will immediately purchase $3.0 million in shares of StemCells common stock at a purchase price of $1.823 per share, which was the average of the prior ten trading days' volume weighted average price. Furthermore, for a period of three years, the Company has the right, at its sole discretion, to sell additional amounts up to $27.0 million of common stock to Lincoln Park subject to certain limitations.

STEM closed yesterday (02013.06.06) at $1.84. 52-week range: $0.61 - $2.67.

Nanosphere (NSPH) Continues To Go Up

I'm still getting caught up after ignoring the stock market on 2013.05.023.

02013.05.28: Nanosphere (NSPH) spiked to a new 52-week high of $4.49.

02013.05.31 headline: Nanosphere coverage assumed with a Buy at Jefferies at theflyonthewall.com(Fri, May 31)

02013.06.03 headline: Nanosphere to Present at the Jefferies 2013 Global Healthcare Conference Marketwired(Mon, Jun 3)

02013.06.05: Nanosphere presented at the Jefferies 2013 Global Healthcare Conference.

02013.06.06 today: NSPH closed at $4.03.

Red Hat (RHT) Making New 52-Week Lows (Is it oversold?)

Red Hat (RHT) has been making new 52-week lows this week. Yesterday, 02013.06.05, RHT hit a new 52-week low of $45.55 before closing at $45.70. RHT 52-week high: $60.00. RHT remains a pricey stock, but I don't know why it is deserving of being in the new 52-week lows list. Yesterday, DividendChannel.com posted to Forbes.com a technical analysis titled: Oversold Conditions For Red Hat (RHT). I don't follow DividendChannel.com, but according to them RHT has a RSI of 29.7 and that implies the stock is oversold. Via DividendChannel.com: "Relative Strength Index, or RSI, measures the momentum of a stock on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30."

Stewart Enterprises (STEI) To Be Acquired

Stewart Enterprises (STEI) announced, on 02013.05.29 (a week ago) that it was being acquired by Service Corp. Intl. for $13.25 a share. It appears as though numerous shareholders are not happy with this news. Here are three example headlines: SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Stewart Enterprises, Inc. and Attention STEI Shareholders: The Proposed Acquisition of Stewart Enterprises Inc by Service Corporation International Under Investigation by The Young Law Firm and Stewart Enterprises, Inc. Stockholders Seeking More Money, Information in Buyout Should Contact Deans & Lyons Law Firm. I've always joked that I would either die a STEI shareholder or be a STEI shareholder when the company went belly up. Our STEI investment is minimal; therefore, I'm indifferent with respect to this transaction.