I am not a big chart guy, but I tend to agree that OPK will push a little higher before it begins to consolidate. When bio-techs and small drug companies start to run, it is tough to slow them down. Throw in the large short position that OPK reportedly had at the end of April, and there is another reason for the heavy volume as I expect shorts are being forced to cover.
I get the feeling that momentum traders are piling into OPK. The company has many drugs and catalysts in their pipeline, and Frost's nearly daily buying has caught a lot of attention. Frost is like Icahn or Buffet when it comes to investing in pharmas and bio-techs. The man became a billionaire by buying, developing and then selling drug companies. He is not getting any younger, so I expect his plans for OPK will be developing sooner rather than later. But first, Frost wants to buy up as many shares as he can. You can imagine how the man has increased his net worth on paper considering all the OPK shares he has purchased at much lower levelsl.
You so easily throw words like socialist and Marxist around. A true student of history would know better. Oh well, guys like you will make it much harder for the eventual Republican candidate to win because young people are turned off by all the radical talk and names that just don't make sense to them. Connecting with the mainstream population is necessary in winning a general election.
I didn't vote for Obama the first time either. Hey, I voted for Bush in the first election, but I lived to regret it badly. I vote for who I think is the best candidate regardless of party although that is getting harder to do.
I didn't vote for Obama in the last election and I didn't vote for Romney either. I wrote in Ron Paul. As of now, the polls show just about any of the Republican candidates will have a hard time getting elected. I like Rand Paul because he doesn't pretend to be what he isn't. I also believe that less government is good, especially when it comes to vain attempts to nation build, and intrusive attempts to try to put the government into peoples' bedrooms. Take reform and simplification is another serious need, and I think Paul is heading in the right direction here also. Paul is also independent enough where he should be able to work with reasonable members of both Houses.
I believe they have quite a few ASCO abstracts/presentations, but if the news is not stellar, I guess the stock will languish. I owned EXEL a couple years back when the stock was considerably higher. I made some money and then looked elsewhere when things didn't seem to be panning out. My neighbor, a top scientist in a major pharma, reminded me that only 5 - 10% of drug compounds ever make it to approval. He doesn't dabble in biotechs anymore because he knows the failure rate.
He is a true conservative who stands on his principals. He wants to reform taxes, stay out of foreign wars and entanglements, and he wants to keep the government out of peoples' religions and bedrooms. The rest of the announced candidates, for the most part, are too busy kissing up to the tea party and the Koch bothers.
Actually I am up quite handsomely. Not as much as I am up on OPK, but my Opko holdings have been quite remarkable. Too bad you bailed early. A relative of mine worked with Dr. Frost years ago when Key Pharma was sold to SGP, so I learned early what a determined force Dr. Frost can be. I don't bet against proven winners, especially when they are buying the stock just about every day. It probably isn't too late to jump back in.
The big pharmas keep gobbling up the promising bio-techs and generic drug companies. At some point, and only Dr. Frost knows when, I expect OPK will be sold for a hefty premium.
You don't see little biotechs beat earnings estimates too often. I bought a few thousand shares of BLRX after Novartis took a stake and agreed to select 3 compounds to co-develop with them. The company has plenty of cash and milestones coming soon. Novartis will be selecting a compound at a future date, and that should also be a great little catalyst for a $2 stock. Do your own DD, but this is one stock I believe has a lot of near term positives. IMHO.
Obama's point went on to say that when we all interact; wealthy, middle class, and poor, we are more understanding of each others experiences. I guess it ties in with his earlier comment about the 25 top hedge fund managers making more money than all the kindergarten teachers combined in our country. I seriously doubt you will find one of those hedge fund managers living next to a household supported by a teacher's earnings.
Whenever you post your nonsense, I bother to go and check the source, rather than just believe your tirade of accusations which you probably got from Rush Limbaugh or Fox News. I read Obama's comments, and he was talking about wealth segregation being more prevalent in our country than at any other time in our history. By wealth segregation, he stated that the wealthy tend to cluster in their own groups away from the general population. I tend to agree with his observation from my own personal experience. When I was a kid, my neighborhood was filled with hard working individuals of all standards of living. My neighbors included two truck drivers, an auto mechanic, a furniture salesman, an owner of a cleaning shop, a sheet metal worker, an office manager for a local union, a nurse, two machine shop supervisors, two executives for major companies, a realtor, a refinery worker, a restaurant owner, and a school janitor. All worked hard, got along, and managed to maintain households where their families grew up in decent conditions in a good and safe neighborhood. All the kids played together and had fairly equal chances of getting a good education or skill to help them when they went out on their own. The kids either attended a local Catholic school or a public school a mile down the road. Both educations were good with the Catholic school having better discipline while the public school had smaller classes and better opportunities like science labs and sports. Either way, each educational setting was positive. Today, I live a couple of blocks from where I grew up, and I see less wealthy people in the neighborhood. They tend to move to the other side of town that is judged to be more affluent. I also see less people who work with their hands, and when I do, they are able to afford it because multiple family members have jobs. I guess my neighborhood is considered middle class with a pretty good group of people who work hard and enjoy living together.
Hey, Jeb said it wasn't a mistake one day, and the next day he said it was. Then he explained his problem deciding by saying it was the right answer to the wrong question or something profound like that. If Jeb still doesn't know if invading Iraq was right after more than a decade of hindsight, the man shouldn't be running for president. I personally think Jeb knows the answer, but he is trying to figure out what is the best thing to say to get elected. I don't want another Bush in office if he is just another jelly fish as the nuns in my elementary school use to call students who lacked character.
Fraz, I don't usually like to play psychologist, but I think I may be on to something about your personality. You obviously seem to need to brag about your stock exploits, real or imagined. You also claim to be an expert on just about everything under the sun. You lecture the entire message board about how we must accept your vision of what an ideal country/world should look like. Now I get the feeling that you may actually be suffering from a type of Napoleon Complex. If you were only 117 lbs. in high school, maybe you are on the short side. That might explain your need to impress us with your accomplishments. I may be wrong, but I thought it was worth a mention.
I talked to a friend who works with Novartis. He didn't know or say anything specific about BLRX, but he said that the major drug companies are always looking to do deals like the one Novartis did with BLRX. They like to let the small companies do all the leg work, and then they step in and look to fund the most promising compounds the small companies come up with. The fact that Novartis chose BLRX to collaborate with is a promising sign for us.
Fraz, try breathing into a bag to calm down a little. Our justice system found this guy guilty and he is spending his life in prison. That's the way it works with most murderers in most states. I have no problem taking out an ISIS leader as these guys are at war with the US and humanity. It sounds like you have a problem with that. I am beginning to think you are bipolar or something!
Fraz, talked to my neighbor who is a top scientist in a major pharma. I talked to him about inhaled insulin. He told me that there are many options out there to control diabetes nowadays, and people are reluctant to try something new if they are having success with their present form of treatment. He has a friend who has an insulin pump that works with an app on her phone which enables her to adjust her insulin levels just about immediately. She is very happy with that. My neighbor was familiar with the earlier form of insulin which he said worked ok, but was just not profitable. He said there was an ever so slight possible link to lung cancer which further discouraged doctors and patients from adopting inhaled insulin. I know you are in love with MNKD, but sounds like a #$%$ shoot to me.