Frank, you are so full of it. You bragged just about every day how you took positions or added to positions in countless biotechs. I know you have proclaimed yourself fabulously wealthy, but man, please don't insult our intelligence. Yourbiotech portifolio has taken a super hit and it couldn't happen to a more deserving guy. If you are loaded with cash now, you must have lied about all the buying you were doing or you must have sold a lot of stock at depressed prices. Your credibility is nonexistent. Heck, I believe you said you were buying Cldx for your kids and wife as presents recently. You (they) should be down about $10 on those purchases by now.
Frank, the poster boy for hatred! You are doing a public service though. The more you spew your hatred, the more reasonable people see what America would be like if people like you had your way. Ironically, if you had the America you so desire, you wouldn't be allowed the free speech you have in which you deride just about every racial and ethnic group that is different from you. Heck, as you stated a few days ago, you even have problems with smart white kids who go to Ivy League schools. I have commented that you have a 1950's mentality before, but your last post is more reminiscent of 1930's Germany. I hope you don't show up anywhere with a gun like Frazer Glenn Cross in Kansas.
Frank likes to blame everyone else for his own failures. He "encouraged" a lot of you to jump into CLDX and a number of other stocks he follows at much higher prices. He shows a lot of brass by blaming Pres. Obama for his losses. How about all the stocks Frank pumped that have now fallen dramatically. He obviously doesn't feel any pain for your losses nor does he seem to exhibit any regret for having pumped them up so you would buy them.
That should put a great big smile on that #$%$ of yours.
Sorry to say, but unless a biotech has a drug up for approval, the market is beating the #$%$ out of it. I don't know how long this will continue, but I think those of us who jumped in to buy the dips are about tapped out. I thought we were going to see some real support today, but what do I know. I have sworn off buying more biotechs until things quiet down for more than a day or two. Good luck. I share your pain.
New antibiotics are greatly needed. I read a report where common joint replacement procedures will have to be limited in the future if we can't defeat drug resistant infections. If Cemp's drugs are effective, this will be a great buy!
I think most of the panic selling has happened. It will take some CLDX good news to change the momentum though. IMHO.
Thought my holdings would firm up today. I am down to OPK, CEMP, and PFE, but I hold sizeable positions in CEMP and PFE. I like them all, but the market is inflicting considerable pain. For those of you looking to diversify, I hold a regional bank, NWBI, which just declared a $1 special dividend besides its normal dividend which is almost 4%. I am not sure the news is well known, as the stock is only up what most of the banking sector is today on citi's positive news. It has also been mentioned as a buyout candidate, so you get that play also. Do you own DD, but it might be a little less painful, at least until the biotech sentiment changes.
You keep spewing your foul mouthed slop as your "fortune" melts away. I was away for a couple of days, so I hadn't checked in. I have to say you are a constant when just about everything else is in a state flux.
I also did not stay for the reverse split. I did that once with a company I can't remember many years back, and I learned that reverse splits are usually done because of a company's weakness or stock listing problems. I have been in and out of Cldx over the years, but I missed the big run-up. I was surprised to see Cldx In the thirties, so I have just been watching and waiting.
I did very well. I sold a portion of my shares just before the deal went through. Then I sold the remainder after the deal was completed and OPK had run up. I bought back in when OPK slid back. A relative of mine was a pretty big deal in SGP a few years back, and he clued me in to Dr. Frost. I believe SGP bought one of Frost's companies and my relative had the pleasure of working with Frost. He was quite impressed with his knowledge and savvy. Since Frost keeps buying up his shares, it gives me confidence that he really believes in OPK's prospects. I have a feeling that somewhere down the line he will sell OPK for a nice premium. He has been very successful at it in the past. I like companies where insiders are buying. I made some money in GALE, but when I saw insiders selling, I took my profit and left. GALE may have promise, but if I don't trust the management, I run for the exits. I also owned EXEL a few years back. I made some money trading it, but I stayed clear when one of their trials went bad. I still don't see the company really doing anything near term. IMHO.
Frank, like I told you before, I do my own research. Now and then we actually end up with some of the same positions. Do you actually think you are the only one who can read research reports and analyze the potential data and pipelines that companies have. I bet I owned CLDX before you did. I also owned IFLO, LGND, PBTH, MDRX, BMY, SNY, PFE, MYL, ALKS, KEY, OPK, and so on. Many years back, before you became a Tea Party addict, I remember we both owned a pharma named Epic. We both took a beating, but I remember you kept buying until the company went BK. Latey I have bought bank funds, regional banks, and stocks like GE. I have done quite well, and I enjoy the nice dividends. Every now and then one of my regional banks like UBNK gets bought out at a nice premium. I have learned to settle for singles and doubles instead of trying to hit a homerun on very speculative biotechs. In the end, I have done quite well, and I sleep soundly at night.
Should bring attention to companies like TTPH and CEMP whose antibiotic pipelines show much promise. I made money trading TTPH, and I presently hold CEMP at a buck or so loss per share. I couldn't resist buying the dips, but like Cldx, the dips have kept dipping. Sooner or later the sentiment will change, and if these companies truly have promise, the shares should recover, but it will take time and some concrete, positive news. IMHO.
"A conspiracy created by white liberal progressives at Ivy league schools." Man, Frank, you live in a fantasy world where anyone who doesn't agree with you has to have been brainwashed or some how manipulated into not accepting your distorted views on society. So lets add smart white kids who go to Ivy league schools to your hate list. Who the heck do you hang out with anyway?
Frank, I wonder how your buddy Bobby White would feel about your posts on this message board. Wow, so you actually remember the first black kids who were allowed to play in town leagues and college sports. Wasn't that white of us to "allow" them to play with the rest of the kids. You seem to be proud of playing with them then, but you reject "many Blacks today." Give your racist stereotype generalizations a break and learn to take each person for what he or she is based on who they are as a person. I belong to an urban YMCA, and I enjoy interacting with all different people. You know, many of the people I meet don't have much economically, but they are good people who work hard and want the best for their kids. I particularly like it in the summer time when the summer camp kids come in. I like to play BB with them and show them that there are old white guys like me who respect them and take the time to encourage them to be the best they can. Try it, Frank. All your condemnations don't help anyone, and it belittles you as a person.
I have read some wonderful rebuttals to the racism, bigotry, and hatred these two old curmudgeons are spreading. Luckily they represent a passing generation that is stuck in a 1950's time warp. They never learned to accept human diversity as a positive and not a negative.