Still 3 weeks before even the abstract titles from ASCO. Janus 1 futility / slaughter evaluation in April-June window (no news is good-ish news). CC early May (first Thurs the last 2 years). Mostly, we're driving without a road until something grabs interest.
I think Maddie won't be able to hit two home run in one inning... Already FUTURES are down hugh...DOW $168 now 6:42 PM PT...I don't like this happening so early in April.
Today, it is pretty obvious that there was eoq rebalancing going on. As for tomorrow, who knows? I think you may be right for the second time in a row.
I think ADXS will jump when ADURO go public soon.. ADXS is only other Sting immunotherapy biotech available for investor...ADURO is really hot new issue coming out and will be short supply ;demand will spread to ADXS..before new offering already Norvatis made contracted drug deal with new share investment,this deal earlier made hot issue even more hot with NVS endorsement on science.."STING" is hot topic as new cancer treatment...INCY made deal with ADXS in Feb. 15... right after INCY/ADXS joint project announcement I sold Apr.$5 PUTS but it's way out money so two weeks ago I sold more $15 PUTs so I can get shares but not for sure...I may have to settle with fees without shares pushed. I will just keep selling in money PUTs on this one. I like NBIX ..also I am playing with HALO, CLDX, XOMA, SQNM, SYN along with my core holdings...got out of MO, GILD..
Man ADXS just keeps going up and I can't find an entry point. I am almost certain that when I buy downtrend will start.
Still early, but has interesting drugs in phase II....I am playing this stock with naked PUTs to avoid using my funds while waiting...expecting more action early 2016...ASCO data won't be new..already priced in..more infos news need from phase III
Geron Their pill will actually put MF cancer in remission. Mayo Clinic calls it a miracle pill. Johnson and Johnson just put up 1 billion to back gern. Gern pill will take over the MF market. I've made a fortune in INCY and are now putting some of those funds in GERN.
Anyone in INCY ; Opinions on ADXS ,NBIX, ? I am starting to build foundation for just incase our GEM get taken away ...
mrdtino; you are right this morning up & down just like you say...institutional rebalancing for end of month/quarter.... I am doing same for income tax reason....lot of forced trading from none fundamental/technical reasons...within biotech sector you can see strange price movement...good issues in red or no buying
Gonna be some ups and downs today and tomorrow Bonk. Lots of window dressing for end of Q1, still lots of M&A going on in the sector for sure so the heavy percentage of ownership by institutions should show some wild swings I'm afraid.
Interesting week starting for our GEM.....This week will tells lot about what is behind big drive up...I think even biotech sector in general was strong, it was spotty..INCY did exceptionally well Friday. GLTA
That is exactly what is going through my head...I know many do exact set up in Nevada...I can even buy nice condo cash in Las Vegas with Calif. Franchise tax I need to pay this yr......so Iam not looking for INCY buy out..Just let run for while 2-3 yrs...
Bonk, consider residency in Nevada as your home state while maintaining your property in CA as an investment property or a vacation home. You don't need to pay the CA franchise tax as you are obviously trading via internet.
It's buy out candidate OK but at current point of development ,two sides are probably far apart... Don't need to rush, biotech sector will remain hot for few more years... I think best use of your investment is to continue to hold until INCY pipelines are more mature and easier to place value...that is when we will get closer to asking price...why rush to pay Cap Gain Taxes....You will have less money to reinvest than just keep going as is all in INCY success..
bear; combined IRS & Franchise Tax Calif...you don't take home 50% even with long term gains...worst deal...I am selling more stocks now to pay hugh tax ...that in tern makes me pay cap. gain again next yr this time...it's never ending horrible cycle.. I can not sell stocks ...drives me to poor house..paper gains are only imaginary wealth....dream that never come true until GOP fix this mess !!!