They always do.
In late DEC we have the Budget gridlock once again and this time my Tea party friends say its linked to the Medicare Bill which they and their Medical lobby group are determined to repeal.or make it unworkable.I wont be surprised if we head south this winter.!
Yes I was wrong about the Budget. The Tea Party has learnt its lesson about "obstruction".
The trend will be down because Wall St always shakes out weak money b4 a move. Whenever they sense good news, they shake the tree. I believe we will see that b4 any meaningful gain above $23.
The word on the street is that this is a Hedge Fund play both ends ; means they first run it down , then up.
These naughty boys now dominate this market.
My F.A warned me about Medical stocks. They are in turmoil because of rumors etc. Nothing will be proved till late 2016 so its either Hold or sidelines for now.
Pvt Hedge Funds put out a fortnightly letter to their wealthy clients. Till now they have not shown a cover recommendation.
TA points to $15 as a first support..
Having got suckered by Wall St. , owners are now switching to the Management shuffle hoping this will confuse Investors.
It wont . They overpaid and need to take a write down of the excess paid.
They are unlikely to get cash flow +ve by 2014 ; earliest may be 2015. The biggest mkt is in China but the margins are slim ; why I don't know.!
I think a BUY out by Caterpillar may be the better route to go but CAT is a very frugal spender.
Tax loss selling by the public.
Fly motto was buy low sell high. They did that thanks to the nod and wink during their prayer meets.! That's how they are millionaires today.!
Approval is meaningless. No market since Insurers want higher rates for the risk & rightly so. Question is who is to bear it.? Hospitals say supplier. Suppliers say Hospitals.
The model did not anticipate Insurance costs and so the best we can hope for is for a big Pharma to buy off the patent.
Unfortunately, they don't want anything else. So they wont offer more than $1/share for the patent.
Mgmt nice people. As a shareholder ,you should get an invite to their Xmas party; real Texan style with plenty of food and drink. and a small New years gift like a Ipad or cell phone.
You cant be cruel to such wonderful people.