Pipeline for other drugs is good even if this one is pushed back till next year. They also have a healthy war chest to draw upon...so this I feel is an over reaction to say the least. I bought in at $5.82. glta
With a jobs number like we got this am, the chances of a rate hike has diminished greatly. Ergo, the market will like this and eventually the futures and then the regular hours today will see a comeback for the markets.
Its really getting a bit boring don't ya know!!! I remember 1962 and the Cuban missile crisis. Now that was really serious. This BS is nothing more than political posturing.
Carl Icahn figures we are in for a pile of trouble ahead. I personally feel that Wall Street will do one of their famous end of the year rallies that we have become so familiar with over the past decades. I even believe oil will hit $60 again before end of this year. That said, next year may be when the overall debt plus unfunded liabilities will become front and center. If that should become a hot button topic in the next election we may really see a full blown bear rise up.
This is like watching Molycorp implode. Easy pickens for the shorts.
They have a habit of anointing certain stocks like Amazon and Priceline only to do a hatchet job on others. Buy this stock and enjoy the next earnings when they come out...unless of course they get bought out before then...and if so...my prediction is it'll go for at least $45. glta
If the climate for building out infrastructure here and abroad does not improve and mining starts ramping up, Cat will remain in a world of hurt for many years and may even go under if the economy really tanks and we have anther great recession. "The times, they are a changin"
You might see some wild gyrations after the announcement, but after about 15 minutes, it will be back to the usual pattern we have seen we have seen for the last little while.
P.S. Just for the heck of it I'll predict no hike
TURN THE MACHINES BACK ON!!!"
By the time this stock stops dropping it'll be in single digits.
Sentiment: Strong Sell
Wall Street holds all the cards and the Washington DC wannabes for the 2016 federal election will also ensure that the message is clear and concise.... " Keep the markets from imploding "
I was able to capture on film a slow motion picture of a fart!