"Bums"? Really? The people I saw and know who have purchased health insurance are responsible people who are willingly paying for affordable health coverage to protect their families and NOT be a drain on society. The bums are the ones that will chose to not buy insurance and then go to the emergency rooms for a free ride. Hey, a co-worker of mine was against the ACA. However, his son stayed on his policy until he was 26. He didn't buy health ins. when he turned 26 though. Within the year, he was diagnosed with a rare kidney disease and went into complete renal failure. He is on dialysis and needs a transplant. His dad is wealthy, but he and his son chose to go without health insurance. Their decision may have fatal consequences for a great young man who decided he didn't need health coverage.
In our area, they are running testimonials about how the Affordable Healthcare Act has come to the rescue of many individuals. Some stories feature healthy people who were able to purchase reasonably priced health insurance and then got sick. They explained what a difference it made in their lives and their economic situation. Face it guys, millions of people are taking advantage of this, and the Republicans will have to face the music if they repeal it. If the Republicans had only developed a plan of their own, or better yet, participated in crafting the present plan, they might actually have an alternative. Oh, but they were satisfied with being the only developed nation without a national healthcare plan, and they weren't bothered by the fact that we paid the most for healthcare even though our life expectancy and quality of healthcare delivered was mediocre when compared to the rest of the developed world. They didn't mind that something like 50 million Americans had no healthcare and had to use emergency rooms for their health needs. They didn't mind that hospitals were going bankrupt because they had to eat the cost of all the emergency room visits. They were happy with a very expensive and inefficient system. Americans now know we can do better, and the Republicans will face the music in the next presidential election if they are suicidal enough to force a repeal.
It is interesting that you tea party types who seem to invest so much in drug companies would want to see people lose their health insurance and their ability to pay for the medications these drug companies you invest in profit from? I bet you would see a 10 to 15% knee jerk drop in drug/healthcare sector stocks if Obamacare was repealed. How would you whiners and complainers blame Obama for that? I am sure you would invent something.
Wow, that's quite a few. It should be interesting if the Republicans actually were able to repeal the plan since they would have to tell these millions of people that they no longer had health insurance. Imagine what would happen to the people who are sick and would not be able to get an independent plan. Imagine the people who have pre-existing health issues that would close them out also. How many millions of young people between 18 - 26 would get kicked off of the parents' plans and be without insurance? I expect that number would be in the millions also. How would the healthcare industry: doctors, drug companies, hospitals, etc. deal with the patients they would now have to deal with who couldn't afford to pay? Republicans will kick and scream and take votes to repeal the Affordable Healthcare Act, but they are really hoping Obama vetoes their attempts. If he let them repeal it, there would be something like 15 million voters looking to have the Republicans' heads. I don't want to let anyone lose their healthcare, but I would love to see Obama call the Republicans' bluff in time for the next election. The Republicans' best answer so far is tax credits. Hilarious! Tax credits don't mean much to people who are just scraping by on very modest incomes.
This weeks issue had PRAN's yearly chart down 85%. It mentioned the recent drop due to FDA partial hold. It didn't go into further details, but I don't think the mention will get a Barron's bounce.
He should have a lot to talk about. It could cause a short squeeze of epic proportions.
You were pumping RGDX at much higher levels. The same holds true for DCTH, EXEL, etc. These charts look attractive to a ski enthusiast, not an investor. As for investing like a man, that is pretty humorous. Investors do well when they invest intelligently, rather than with their testicles.
I have known Frank for many years since we both held a biotech EPIX which went BK. I got out with a sizeable loss, but I believe Frank was buying up until BK. Studying a stock's prospects and investing wisely is a lesson I have learned and profited from. Frank claims to have always bought the lows and sold the highs, but his body of posts proves otherwise.
The FDA has put their phase II trial on clinical hold, so that seems pretty significant to me. I think I will pass on PRAN for the time being. It will probably bounce after the selling pressure eases, but this could be a difficult long term problem.
I may buy a little. What is you take on the OPK pullback? It seems likely that a little profit taking would happen because of the tremendous run the stock has had. Dr. Frost is a shrewd investor, so I wouldn't be surprised if he has something up his sleeve.
The long weekend may be when a deal gets ironed out. Frost is about making money, and I have a feeling he will do so again.
Stock price is bouncing around, but I expect it will continue to rebound toward the close. We know news is expected on many fronts. A buyout would be just icing on the cake. IMHO.
Most of the GTMO detainees were never charged with anything, even though some of them were tortured. If these guys were involved in acts of terrorism, they should be detained and punished. If there is no evidence that they did anything, why are they being held? If foreign countries did this to our citizens we would be very unhappy.
These little dips are quite healthy as it gives traders a chance to take profits and investors a chance to buy on the dips.
EPRS and PFE are up on FDA rejection of Remicade patent for 2018. Evidently biosimilars are the wave of the future, and may cause major problems for some large pharmas. PFE's purchase of HOSP has them in the sweet spot at least for now. My EMC is up over $2, plus I got their dividend, so I don't want to be greedy. If I had bought EPRS, I probably would have only bought a small position out of caution and limited funds.