Fraz's own posts convict him of his folly in loading up on CLDX as it dropped big time. But then, he will say how his shares are free and clear. Well, even if he bought some shares on the cheap years ago, his own reports of continued buying all the way down here has to make a rational investor chuckle at his comments.
You make a great point. When insiders aren't buying when the price is cheap, that tells me something about their confidence in the company and its pipeline. That's one reason that I like OPKO. Dr. Frost has been buying in the neighborhood of a couple of hundred thousand shares each week. As long as he keeps buying, I have confidence that OPKO has a bright future.
I loved Cldx in the early days, but I have been troubled by its performance this past year. The massive run-up seemed highly speculative to me, and the subsequent crash has to be a concern for investors. Buying on the dips from the high $30 has been a very costly strategy. Even though there is a lot of hype on this board, I just don't see Cldx getting a drug approved any time soon.
Man, that is only a little higher than it is trading now. I was thinking about buying the dip, but I think the dip will get dippier the next couple of days. IMHO.
The President reads his PDB briefings every day. It provides the most exact and detailed intelligence info. available. If he requires direct and personal input, meetings are scheduled which he attends. Bush on the other hand, wanted personal and oral briefings, probably because of his limited ability to concentrate and read. By not relying more on the PDB reports, he missed intelligence info. that would have showed him the inaccuracies associated with his belief in Iraq's WMD's (weapons of mass destruction.) There was also a PDB briefing on info. the government had gathered based on terrorist attack threats prior to 9/11 that might have prevented the disaster if acted upon quickly. During Ronald Reagan's eight years in office, he reportedly met only a few times with the National Security Advisor in the Oval Office. Each president has a different style. To me, initially reading a detailed report gives much more detailed info. than trying to hash things out with a group of people. After reading the report and educating himself with the facts, options, and recommendations, President Obama meets with his advisors on a regular basis as needed. If a briefing meeting isn't scheduled for a given day, the American Crossroads (conservative group) can't claim that Obama missed the daily briefing. The job of being the president is so demanding that time management is essential. For those of you who begrudge the fact that Obama spends a couple of hours now and then with a round of golf, get real. Everyone needs a break from stress, and no one is under the kind of stress that a president is. Bush spent hours every day jogging, mountain biking and exercising even when he wasn't on his record number of days vacation at his Texas ranch. Considering his limited ability to multi-task, I am surprised that the j20's of our country weren't outraged by that.
Cldx has had a pretty tough year. I have owned the stock off and on over the years, but its drug trials seem to go on forever. It may be a good buy at these levels, but I am still sitting on the sidelines. Good luck.
Looks like he purchased somewhere around 200k shares this week by my calculations. If he keeps this up, he would add about 10 million shares in the coming year. The man is determined to have full control of this company.
Somebody seems pretty sure this deal will be worked out.
I have to think a little on where to invest it. I am also looking to add more OPK. Dr. Frost reportedly has bought somewhere in the neighborhood of 200k shares this week alone. A relative of mine who was in the pharma industry worked with Frost on a deal years back, and he was very impressed with Frost's knowledge and business savvy. I like OPK's Vit D drug because recent research seems to be pointing to how important maintaining Vit. D levels are to overall health.
Frost will have complete control of OPK much sooner than I had even thought at the rate he is buying. Shorts will be at his mercy because he could take it private, sell the company outright, partner drugs, or sell off the parts. Frost is up in age, so I don't think he will play around with this for more than a year or two without making a significant deal.
I saw the headlines. I get the feeling that today's pop may fizzle a little toward the close. I took some profits and may look to buy back in if it drops a little after the news gets digested. After all, I believe we all expected these results.
just this last week. I think I will buy a little more myself!
He seems to be buying 100k shares a week or more. If that isn't bullish, I don't know what is.
The buying seems to be escalating. I guess Frost believes the stock will be moving up soon.
It appears big investors and funds might be jumping in. OPK has had very positive news lately with basically no reaction. This appears to be a delayed reaction, possibly tied to pending news.