New to the board and I found the board idiot right off. Why do you clowns (yes you john) hang around message boards with nothing to say but call the stock a turd and so on. Sell and go away. Share holders do not need you to save them. IGNORE
No the price controls that have been talked about are not for novel new therapies they are for therapies that have been around where there are alternatives. Biotechs would be mostly exempt form price controls...although price controls won't happen no matter who is elected.
I use Adjust DCA which is = Cost - Trading gains / Shares held. This year I was able to reduce my Adjusted DCA from $22.47 to $18.89. That's a nice $3.58/ share reduction for just buying below $100 and selling the pops to $105 - $108. I plan to buy at $90.28 if we get that low. That would bring it up to $39.74, but I think I can handle that Adjusted DCA.
With either Hillary or Trump in office biotechs are going to be pressured with pricing pressure and government calls for negotiated pricing. That is why 20x will not happen again. The companies are good ...just the valuations will normalize. The haydays are past.
Unless you cured caner and didn't tell me. That's not going to happen. Maybe it happens this year due to the elections, but next year it will go back to 20x forward earnings like normal.
When are you all going to realize and accept that biotech died in January 2016 ...it's best days are behind it. Valuations are going to normalize at 10x forward EPS
I am willing to restart accumulating a bit higher than that, but I fully understand your position.
go start your weekend early...
when stuff like this happens on a Friday, it is a better than even chance that it will continue into the following week, unless a significant event occurs.
I think less than 100$ is an okay price, just not quite irresistible.
I was just telling a friend how great a trade this has been. I start buying at $99.31 and i sell it each time it gets a good pop. I have made this trade 3x this year now.
I began building my position a few weeks ago, but wasn't done.
Maybe I will still get my chance yet! ... just not today.
I lose NO SLEEP over this.