I've never considered DRYS as an investment, just a trade and the shorter the trade the better. The PPS has a tendency to go up and down over the course of time and trying to catch those swings isn't easy but it can be very rewarding if successful which is why I jump in and out of it. Once you become heavily invested and become a baggie, the fun and the game is over.
Not necessarily. With the closing of that secondary at market close today. the stock may start a reversal once the dilution is finalized. Or maybe I'm wrong and all hope is lost like some folks are trying their damndest to proclaim. It's always been a crapshoot and nothing has changed as far as movements up and down. The only thing that I rule out is a cataclysmic ending like BK. GE wouldn't have gone to all this trouble just to watch it completely collapse.
Right after my posting, the stock moved up. Maybe others sitting on sidelines are beginning to wake up.
Saner minds will eventually prevail - weaker minds cut and run and don't ask questions.
You beat me to the punch. "If" clinically equivalent, "if" priced below Harvoni, "if" available by end of year, if-if-if-etc .Lots of people like to obsess over the headlines and not read beyond them. That's reduces their comments down to worthless observations.
Two things: (1) dborgers: You, like so many others, probably got a subsidy through the ACA which reduced your premium while causing some others to go up to make up the difference - take from Peter to pay Paul. I'll also bet you have very high deductibles and co-pays. Lastly, if you think your premium is going to stay the same or go down, it will only if the govt. increases your subsidy because premiums are surely going up. (2) when asked why the drop in the AH following ER, a Wall Streeter said " No upside surprises". So by his reasoning, if the ER fails to tell you anything that you didn't know or couldn't expect, then it's a non-event. How about confirming things that you suspected were true but not confirmed - doesn't that count for anything? And if the forward guidance is extremely good, should the price be going up, not down? It's currently priced very modestly and all this negativity is completely unfounded.
Being unwilling to give any kind of guidance and stick their necks out is a poor tactic and amounts to sandbagging. When you've got a great product with great potential, it's time to get enthusiastic and bombastic.
Sentiment: Strong Buy
It was a miss technically. Had to pay up 21 cents a share to the Obama crooks running their heavily subsidized ACA and it caused the EPS to drop from 2.05 (a very nice BEAT) to 1.84 (a miss only because the fee was a non tax deductible event). Can't you and the thousands of other sellers see this or are you only focused on the headline rather than the entire content?
"over the next 5 to 10 years" - do you really think it's going to take that long? If it hasn't doubled in the next year, something is rotten in Denmark and it'll never double from here.
Are you any relation to stanstevens, the resident idiot short seller? Or maybe you're him under a different ID.
and that fee caused their net to drop from 2.05 to 1.84 thus "missing" expected EPS. How many of the idiots who sold off even bothered to read that part of the ER or understand its importance? They actually exceeded the expected EPS by 13 cents but it's lost in all the hysterical selling.
You were buying puts when it was much lower and it continued to rise yet now you're crowing about potential profits? What a shorting clown.
They've beaten qtrly earnings the last 4 qtrs. The question you should have asked is will the stock go up or down after being announced.
Congress eyeing hearings about GILD's pricing is just an idea floating around. They're more focused on the upcoming elections which will change the makeup of both houses and some of the folks pushing the idea may not survive their re-election efforts. If they do, the myriad of possibilities as to getting the hearings and its outcome remain mindboggling.
The last time this company had a "good" ER was so long ago that you'd really have to dig deeply. They have had some slightly better than expected along the way but nothing to write home about. I'm expecting the usual lousy report for Q3 but maybe, just maybe, some forward looking statements that perk up interest.
I completely agree with everything you said except being out of business in 2 weeks. People complaining about this company will still be going on many years from now and if GE is still alive, he'll still be manipulating this stock. Either accept this as a given or move on to something else. I prefer to take my shots as they pop up knowing full well it can and is a crapshoot. Most of the other longs know this too - that's why they're players but some prefer to whine about how unfair or torturous management is.
and Yahoo's volume reads a little short of 70 million????? Going back 2 years, the only day of trading anywhere near that figure was 12-27-13 with about 56 million so today's action is extremely out of whack or Yahoo is wrong.
Had to find a base of support for shares and l.53 or so looked just about right. Can't control or predict the daily moves on this one in the immediate future but at some point it'll probably spring back up because its history supports my guess. Been in and out of this one many many times over the last 10 or more years. Buy, hold, pray to the gods.
BDI down, oil down, secondary offering, GE's constant hi jinks and stock price pummeled close to lowest low in recent history - a perfect time to buy when fear factor is highest. In at 1.5273. Dry Ships isn't going away, it's just doing what it's been continuously doing for several years now - trading in a range from a buck to 5 bucks.
OK, since you guys have climbed all over me, let me clarify. It's a "daily" single dose and yes for 8 to 12 weeks. As for RGLS, it's an injectable that "may" be a single dose although so far it's had a much lower success rate and it's other shortcomings will be realized over the course of time. Some of you are under the delusion that it is a cure, available now and will be fast tracked because the FDA will simply throw all of their bureaucratic methods out the window. Harvoni is the end product of much research, trial and error, extensive trials and waiting and is now approved and ready to be dispensed. The only last hurdle is trying the get the insurers to pay the price. I feel that their bean counting ways are standing in the way of many to get a cure and prolonging it as long as they can. I also know that some of you will disregard what I just declared because you've convinced yourselves that this injectable is heaven sent and about to help you retire early. Maybe in time but not in the immediate future.