I think the answer is yes and maybe. Certainly
commissions and presumably broker fees can be added to the
basis of the purchase. Margin interest is more
complicated as I believe it is itemized in some way and can
only be partially deducted. Any margin charges not
used in this tax year can be carried over.
not a tax lawyer or accountant. Best speak to a tax
professional. Free advice can cost you more than you pay for
There are two insomnia drugs on the market. One
is Ambien by Searl, and the other Sonata by AHP.
Both drugs have limitations and side effect that leave
out opportunities for a better drug, which is NBIX's
next insomnia drug.
The problem with Amien is
its that it takes quite a period of time for it to
work. The problem with Sonata is that the half life is
about 8 hours (causing next morning lingering effect).
(The disadvantages of these two drugs may be the other
way around, I don't recall exactly.)
thing about NBIX's drug is that it combines the good
charateristics of both Amien and Sonata, but without the side
effects and shortcomings of both. That is why so many
analysts were so excited about the drug.
You guys and/or gals that are yelling "on the
bid" or "all sells" are hilarious.
We had heavy
selling mid-week from someone using Instanet to dribble
out shares to anyone who wanted them. We hit about
13ish and those shares were gone. Brief rally, and then
there were some blocks exchanged among deep pocket
This is all routine for biotechs with
healthy business plans. The early investors move on, and
those that want value and leverage move
Real, real simple. But, beyond that, we also have some
closed end funds that have not performed well, not on an
absolute basis and particularly not on a relative basis.
They need to take profits to cover redemptions and to
All is well.
of action for an effective molecule that helps with
depression..... enormous financial burden on society, resolved.
Let's hope that it's in the cards.
toxin.... together with the MC4 and transporter projects,
worth the current admission price alone. Success here,
alone, would be nice multi-bagger
Insomnia..... effective new agents will make this market
Lots of cash. If you own shares, you could be sitting
on a gold mine. Everything could crash and burn,
OTOH. Ain't biotech grand?
One does not "dump" a stock by lifting the price
up 15% to pass out 2.7 million shares over the
average daily volume! In addition, for every seller there
is a buyer. Who in their right mind would, or even
could, buy +2 million shares of a stock that was going
to go down anytime soon?
A collaboration? Possible
A buy out? Hmm,
don�t think so but it�s possible
Good news in
the clinic? Well, if it were bad news I guarantee you
that in this market it would not go up!
way you look at it a stock that goes up 15% on record
breaking volume (not since the IPO has so much stock
traded) is a stock that is being accumulated by smart
money. And from the way it traded yesterday this up
trend is not about to stop
BTW- Those interested in TA might believe NBIX has
just formed a tight bull flag. This would mean, if
true, that NBIX has a near term price target between
$34 and $36