Stock took a pretty big beating yesterday at the end of the day. I expect gold miners will start to shutter unprofitable mines and cut production to bolster prices. The gold buying season in India has come, and that should provide some support for the next couple of months. Since GG pays a dividend, it is much better than sitting on the metal itself at these levels. IMHO.
He lost his temper again yesterday at a shore meeting when someone questioned the speed of Sandy relief and rehabilitation. Just walk along the Jersey shore, and you will still see many devastated homes and empty lots. People are still living in temporary housing while Christie has been running around the country for political purposes. He likes to brag about his tough "Jersey style," but most residents of the state don't identify with his rude attitude. It is quite easy for Christie to shoot his mouth off when he is surrounded by state troopers. A year or so back he mouthed off to an Iraq vet who would have undoubtedly been able to kick Christie's fat #$%$ if Christie hadn't been hiding behind the troopers. He used to brag about how he was able to work with Democrats and reach across the aisle. Because of his recent activities, Democrats have walked away from Christie as he has tried to appeal to a more conservative Republican primary base. The only positive spot in NJ is our educational system. NJ ranks high compared to the other states, but ironically Christie has made the state's educators the focus of many of his political attacks. Christie's record will be an easy target for Republicans in the primary, and his inability to stay cool under criticism will undoubtedly cause him to unravel in the primaries.
I live in Jersey, and Christie wouldn't even carry NJ against Clinton. Christie has a big mouth, but his term as governor has brought very little accomplishments. NJ's unemployment is very high, especially when compared with surrounding states. Our debt rating has been lowered a record 8 times since he took office. His aides participated in a scandal where they closed bridge lanes to NY for political payback. Christie claims he didn't know anything about it, but that is doubtful. Even if he didn't know, his choice of aides and his lack of supervision of their activities calls his leadership into question. His aides activities have cost the taxpayers of NJ millions in investigative fees and lawsuits. He wasted 12 million taxpayer dollars to hold a special election just days before the regular election, so that Booker wouldn't run for the Senate when Christie ran for governor. Christie was afraid Booker's influence would cut into his margin of victory. Christie's education advisors forgot to fill in a section of a federal grant that cost NJ something like $500 mil. in federal grants for education. Christie proposed a pension settlement with state workers two years ago which he now calls ill thought out and inadequate to deal with the problem. Duh, he is criticizing his own plan. On top of that, the state has not made their pension contributions in over ten years, and Christie gave the unions the right to sue if the state didn't make future payments. So what did Christie do, he announced that he isn't making the required pension payment and our state is now being bombarded by lawsuits. He abused the state's helicopter use policy and ended up reimbursing the state for questionable usage like landing on his son's high school baseball field so he could watch him play a few innings. Don't forget his brother who was involved in the banking/investing scandal where just about everyone but him got jail time when Christie was a US Attorney. There's more!!!!!!!!
Evidently they have an agreement to sell shares to Aspire at a discount when they need to or want to. It looks to me like most of the shares allotted have been sold. From what I saw with a quick look, it appears that their research budget is in the neighborhood of $8 - $10 mil for the next year. I believe they had about $5 mil. in cash/cash equivalents as of June. With all the positives this company has going for it, I hope they don't continue to dilute at a huge discount. Better yet, it would be nice to see them sell outright to a large pharma at a nice premium.
It may be good, but if they dilute at $2.50 a share, longs take a hit short term. I believe they have enough money for a year or so, but the temptation is always there to take the money and run when good news is in the air.
The object of shorting a stock is to accurately predict that the shares are going to drop. The last 8 or 9 months OPK has held its own nicely. For those of you who are shorting, that's quite a long time to pay to borrow shares and wait for a drop that hasn't come and most likely won't. If there is a little dip, better cover fast because Dr. Frost will be buying up your shares in short order. OPK's pipeline is beginning to mature, and I expect earnings will be ramping up.
How is CTIX financial situation? I hold a few thousand shares, and I like there prospects, but I fear they may dilute to raise money after the good news. I guess time will tell.
OPK has been very strong in the low $8 range even when the market got hammered. I wonder how long shorts will wait before they realize this puppy isn't going below $8. There are better and safer stocks to short in my opinion, and I think OPK's strength has proven that.
The good doc seems to be buying a couple of hundred thousand shares each week. Me thinks that is a good sign!
I just love their logic!
I bet he jumped in with both fists on the slight dip on Friday. Fight the billionaire at your own risk. He could take this puppy private, sell it off to a big pharma which has been his pattern, or just continue to let the company grow and prosper. Tic, Tock, Frost's time is coming.
This highly intelligent billionaire isn't buying to throw his money away. He has a plan and I am willing to be patient and let it play out. OPK has held up well in the market sell-off, so it has been a safe place to hide.
54,000 shares cost close to a half a million. Now how will shorts take this? I expect the ones on this board will short some more. Sheep being led to slaughter.
Frank, you must be using the dart board method to select your stocks. Buying the dips on some of your favorite picks has been very costly if you really bought when you said you were buying. Those dips will get you because sometimes the dips are for good reasons. Maybe you should spend more time researching instead of doing your Rush Limbaugh imitation. He is making millions, but you are just wasting good time and a lot of hot air.
Carter was probably our most decent and honest president. He had to deal with a number of major problems that would have caused trouble for any president. He had the cold war with Russia. The economy collapsed just like under Bush, but we went into a period of very high inflation. Our country also faced a terrible energy problems which contributed to our inflation. As far as Carter being a decent guy, he is the only president that I can remember who donated most of his time after the presidency to humanitarian efforts involving world peace and health. He also was very active with groups like Habitat for Humanity. He is a true Christian in every sense of the word.
Seems like everyone but Sarah was drunk and combative at a party brawl that required the police to break up the festivities. We have had a lot of crazy activities at the White House recently, I wonder how the Secret Service would have handled such a riot if Sarah had actually become president. Funny how she took what most of us would consider an extremely embarrassing moment and tried to turn it into how her family stuck together even while intoxicated. I'm surprised that momma bear didn't get out of her car and throw a few punches herself - Wimp! Either way, I believe this will propel her into the lead for the Republican nomination as the old farts who like to drool over the middle age chick will undoubtedly throw her their support.
Obama is held to different standards for whatever reason. Whether it is because he is half black, has a foreign sounding name, etc. it really doesn't matter. The hypocrisy of those that attack him for stuff like this is clearly evident and quite laughable. President Bush is probably a nice guy in person, and I did vote for him once, but he has to have been the worst president that I have lived under since I started voting more than 45 years ago. The good thing is that society is starting to look past racism, sexism, and many of the prejudices that were mainstream just a few years back. The "old guard" is on the way out and a better society is waiting in the wings.