Thanks, he is a good guy and a father of a young teen. I don't know, but it seems like more people are getting brain cancer these days. We have had three friends/neighbors get it in the last few years. All three were comparatively young, 50's and early 60's. One has died, and one has survived for about 5 years with a lot of treatments that have basically bankrupted her. Friends and neighbors have been raising money for her expenses. She lost her health insurance when the pharmaceutical company she worked for laid her off. I hope the Affordable Health Care Act helps her get insurance that she can afford.
Bio-tech sector is really getting pounded. I am out of Cldx now, but I do own Cemp and Opk. I have been trading in and out of them, so I am only feeling a little pain now. I like both of them because they have approvals (hopefully) in the near future. I have always liked Cldx, but the stock appears to have run way too high on long term speculation. I have been in and out of the stock for many years, but approvals still seem too far off to protect it from this bio-tech sell off. I hope the stock rebounds for long term investors and for the cancer patients it may benefit. A friend of mine was just diagnosed with brain cancer, so his life may depend on it. He had surgery at the Anderson Hospital in Houston, and he is awaiting what comes next. I'll let you know if they involve him in any Cldx trials.
Frank, the market is soaring. Just because you put all your marbles in a highly speculative sector, don't blame the Prez. My bank stocks are doing just fine and the dividends are quite nice. Maybe you should put a little $ in BTO before it is too late.
He was intrigued by the possibilities a better predictor of prostate cancer would hold. If 4K score replaces the fairly unreliable PSA test, Opk could be in for a big pay day.
I guess the good doctor has the funds to keep this up on a regular basis. I have never seen someone put their money into play like he does. Sure must make the shorts nervous, for who better than Frost knows where Opk is headed. It would be suicidal for him to keep throwing his money at Opk if he had any doubts at all concerning Opk's future prospects. IMHO.
Yesterday's purchase was another sign that the good doctor really believes in this company. I took today's mini-dip to join him in adding more. Someone I know dealt with Frost years back in connection with a sale of one of his companies. The person was very impressed with Frost's business smarts. Not many insiders keep buying no matter what the price. That tells me that Frost believes this company is headed much higher from where we presently sit. Opk is the opposite of Gale where insiders were dumping while they hired a PR company to pump the stock. IMHO.
He obviously was disappointed in that Gale insiders apparently put greed ahead of the welfare of their company and the cancer patients who may benefit from their drugs if they actually work. I am skeptical because if their science is that good, these guys would make far more buy buying and holding than they would by pumping and dumping. I like guys like Dr. Frost of OPKO who continually buys shares on just about a weekly basis. He believes in his company, and he puts his money at risk just like the ordinary investor. IMHO.
I think it means that Friday's trading is just a little taste of what will happen when Icahn decides to tweet some significant news about his plans for Nuan. Shorts will be toast.
I believe there was a very strong trade imbalance to the upside. The market seemed to think that substantial news was pending. I believe someone placed a trade for well over 800,000 shares that made the price spike very quickly. Most people think Icahn will make some kind of play here, so I think speculators rushed in. Even with the jump in price, I view NUAN as attractive because of its products and Icahn's involvement. IMHO.
There were certainly a lot of buyers today. Glad I am long and not short. If CI has something up his sleeves, shorts could be toast big time.
It wouldn't be the first company Dr. Frost sold, but I don't think he is ready to sell yet. With two big prospects nearing the market, OPK should fetch far more down the road. IMHO.
Sooner or later it would make sense for Rio to buyout TRQ and do what they want with the mine. I guess it just depends on when and how much Rio would be willing to pay. With copper prices going down and MG hard to deal with, Rio seems to be playing hardball. However, now might be the perfect time to buyout TRQ for a modestly higher offer. I think most shareholders would be interested if a $6 - $8 offer was made. We shall see.
This thing could really break out. This morning's trading took out most of the sellers up to the mid $16 level. Might as well cover now because you know CI is going to pump NUAN up one way or another. IMHO.
If speculation continues that a deal may be in the works, the early buying took out a lot of resistance which could cause the close of the day trading to be quite interesting. Good luck!
Hey, no one knows for sure, but at this level, NUAN is not much of a risk to hold. Then again, if you are short, it could get quite painful! CI didn't buy all those shares just to lose money. Sooner or later he will push his agenda, and I expect those who own the stock down here will benefit.
Investors and institutions constantly jump in when they suspect that a deal is in the works. As long as it wasn't disclosed illegally, the SEC can do nothing. Stocks often rise in anticipation of an action taking place, and we all know that sooner or later Icahn is going to make his play. Evidently, the investor/institution who bought so many shares must be figuring now is the time. The fact that the volume is so heavy to the upside, I expect that many others investors/institutions are making the same bet. IMHO.
I wouldn't be surprised to hear that CI has worked out some kind of deal with Nuan. Such heavy trading wouldn't have continued it there wasn't some kind of news lurking about. With such a large short position, it might be tough for shorts to sleep this weekend. IMHO.
Sure looks like someone wanted to get into Nuan before the weekend, and they didn't care how much they paid. Tells me that something might be in the works and may be finalized this weekend. We shall see. Watch the close. If something is up, I expect the stock will run into the close. IMHO.