If you check my record on this board, I have always been a basher on the management for at least 10 years. It has taken too much pounding, more than it deserved. But by the bell after 12 rounds, it is still standing, and fighting. For that, it earned my respect (just like the Iwo Jima Japanese soldiers did). Now I decide to move on to my other interests and not to short BSX anymore. Investing is not just about money, sometimes it's about characters too. And BSX management showed it.
That's actually better than it sounds. AZN missed expectation by 16%? Even the div is cut by half, it still beats t-bills. Should I buy?
The management of BSX dumped millions of shares, most recently at 5's. How many shares did they buy? 0 shares. Come on guys! Couldn't you spare 5 bucks? That says a lot about this POS. They would not even bet $5 on their own companies. Find out on Yahoo insiders' transactions.
The insiders got millions of shares at zero cost and dumped them immediately on the market. They don't even need a printer to do it. I don't blame them. It's a dead horse, and it doesn't matter who make the last cut.
JNJ buys BSX? LOL! LMAO! I bet JNJ would rather pay $10bln to send BSX go under. The bloods between the two companies are so bad, that JNJ would do everything in its power to make sure BSX will suffer and die (they may pick up a thing or two at fire sale, say 2c a share, but just to humiliate BSX sitiffs).
In the meanwhile, BSX continues to trade sideways. In a bullish market, it will be flat. But it will go down big time during a bear market. So, if you believe the next few years are a raging bull market, you should stay put. You may actually break even. Good luck.
Typical technical rebound. May have more legs; but cannot resist gravity. All the GDT troubles are just creeping up. If you have a position in this issue, it may be too late to sell. If you got in above $30, there may be some tax advantages dumping it.
Just my 2 cents
So far the market has crashed numerous times this year, but JNJ holds its own. If the whole world crashes, does it matter what you hold?
Really? Then educate me, which AMGN product has life saving (or say prolonging survival) on its labeling? Have you ever tried to read the Epogen package insert? It doesn't have so much bull
If the market had been rational, AMGN should have never been sold above $30. Now all that enthusiasm backfires with vengeance. Here is a list of things that will take AMGN investors for a ride.
1) The bearish outlook of the equity market in general.
2) The burst of bubble in biotech sector in particular.
3) disappointed launch of Aranesp.
4) Slowed market share growth of Epogen.
All that being said, I agree that AMGN is a great company, but the market condition does not reward on owning an aggressive stock like AMGN.
My 2 cents.
Good things happen to those who wait. It's just the beginning. I see this issue going all the way down to low 20s. It's the AOL of Biotech.
Well said, endomir. The best medicine still is, appropriate excises, balanced nutrition, enough sleep, positive outlook on life, .....etc. You can literally practice them for a penny a day (the cost could add up because you will live a very long life that way.)
Everything else is just a remedy. Sometimes they work, and more often than not they fail. Regardless of they work or not, they cost you a bundle. No, the hospital would not give you a discount even if you die in an operation room.
The only sure thing in life? You will die. You may argue that taxation is another. Well, that depends. You don't pay taxes if you don't have an income.
Well said, Cougar3!!! Honest and respectful. My hat off to you.
It doesn't matter we have different positions on this dog (a.k.a BMY). We are all humans and your story made me think that behind those stupid managment decisions real people are suffering. Watch out guys, BMY might kill the 30% remaining OCS Infantry Officers who survived the South Vietnam jungles.
It makes no difference one way or another. VPHM WILL burn/blow out all the cash before it folds. You should find out where the money came from since VPHM never had anything on the market.
The moral of the story: If VPHM doesn't have anything approved by the FDA soon, the share price will drop to two cents.
Just my 2 cents
You keep saying that for ten years, you will be right at least once. The next MAJOR correction may drop this stock to $90's, and it is still a lot higher than it is now.
This stock burns shorters much quicker than George Formen's Griller.
Don't try to be a hero; This is not Pearl Harbor. Even the Captains are trying to get out. This dog will be in the hot water for a long time to come.
"What about the ICD approval expected in March?" We know PFE sells toothpastes as well, but does that really matter?
You have to remember what put GDT shares on fire in the first place. It was STENT! Now all that charm and magic are gone! I do think that GDT will survive and eventually finds its way fighting back. But for short term, it's a DOG.