I think it's a wash sale (same industry) but it's all about accounting. I just report the loss on SDRL and then the gain on NADL and forget it. As long as you aren't trying to screw uncle sam, they shouldn't bother you. I'm a trader so I report the wash sales as normal sales all the time.
was the last time RIG hit prices this low (22-24 range). Geez, I bought at upper 40's. Guess I have to wait 20 years to get free. And I thought it was safe to buy after Ichan. My bad.
geez, berger won't take 17. I know every long wants a buyout (me over 20) but let's keep our feet on the ground and our expectations in check. That's like saying Jennifer aniston will come to my home soon. If I say it long enough, I might even believe it myself. Goes to show my age!!
and they can give warrants or future royalties (can't think of it yet). They did that for a recent buyout and they'll pay say $20 for ARIA but if inclusig generates 10B or whatever beyond expectations, they give more money for those new shares at the buyout. I forget the term but it's like 3 letters (with a C in the beginning I think). These new "shares" are like options and trade for a certain time if sales bloom.
well, we're just going to pry it from his dead hands now. someone needs to wake him up. Maybe if bought by big pharma, they'll keep him on as CEO of this division.
I just contacted someone I know there and they agreed with you. The CEO is burning 20's in the trash can to keep warm. So go ahead and keep shorting. It's safe to do so.
calm down. 20's won't be for a long while.
20's really?? c'mon. I'd like that but only a buyout will do that. they need a few drugs to push to 20 on their own.
they aren't burning 60MM a Q. last loss was 27 cents or so. that's 50MM. if revenues increase and they have cash of 300MM or more, they can last into 2016. By then more sales, new drugs etc.. buyout at $25 plus next year is my guess.
man, all this on approval in one country?? wonder if there is other news???
makes me wonder why nobody has stepped up to the plate. you'd think denner would be shopping ariad to big pharma/biotech. there are loads of firms to pony up to 5B for this company. Guess berger wants 30B and we sit until they find 50 drugs on the market. This will be in the year of 2075 and clothes will be optional.
does anyone know why it jumped from 6.10's to 6.50's yesterday??? I see it went up to 6.8 or so today due to the market rising all day long but aria sold off. Look for 6.10's again next week. We need some news and/or buyout. If the drugs are that good, someone should have pounced already.
I just don't see that low of a price when the stock was 20's like others said. I'd take 16 and work my money towards 20 a share equivalent (however long it takes) since I've been stuck since sept 2013 and my 150K ain't 150K anymore.
won't go that low of a price. they could have had 20's before 2013 from the way I understand it. maybe 25 or 30 but not 14-16