They are buying distressed assets per the pr after the divs suspension. I'd like them to retain a strong cash position. They're like a bank in some ways and there's nothing like cold hard cash to instill a modicum of confidence in the company. However there is a solid cash flow which can be used to retire shares.
The SEC does not implement regulations on market manipulation in many many cases since they're not funded to do it. The GOP Congress has been reducing the SEC's budget year after year so their hands are tied. The parties responsible for these pump and dump rumors know they cannot be caught.
If you like PACB's prospects, buy the shares. If you want to gamble, go to Vegas where rules are implemented. You'll get wiped out in this stock market if you gamble.
You know it's impossible to call the bottom? I was working on the idea we might go sub $2 but the pps seems inordinately sticky at this level. I think we'll see $2.45 though this week or next. Great time to add shares IMHO.
My order from last week at $2.75 limit came within a few pennies of hitting.
Ah well, no rush. Will probably hit tomorrow and I can then replace it with the next order at $2.50.
I've nearly given up on the ones hitting at this point.
Not sure about that. Mr. Market is good with valuing QIWI's business at zero but I think Mr. Market may be reticent to discount QIWI's cash much more. After all there's no inflation so how do you justify valuing a solid cash dollar at 75c?
I'd like to thank Garo for not wasting his time reading idiotic posts on this forum and for ensuring the company is well funded to advance the ever-building pipeline. Maybe I'll send him a not on Twitter.
Does that mean we just need more capitalism or can the gun analogy not be applied in this instance?
Disagree - the whole market is going the same way. This is programmed selling and it's not going to stop 'till we're well below our 52 week low. Assemble some dry powder is my advice.
I'm sorry now I didn't go with 3/4 tonne truck for my commute. The 1/2 tonne is very nice but, with gas about to become cheaper than water, it seems a pity not to consume as much as possible!
I don't think the market is in any humor to consider fundamentals. The machines are selling, which is triggering more selling, which is.......
Until someone pulls the power plug on the machines, the direction can't change.
Can it go all the way back sub $5?
I'll be able to average down if that happens!
I think most of the selling across the market is now programmed selling where sell orders are triggering other sell orders. We've reached a point where the machines are likely to take the market close to zero on many issues - fundamentals are not relevant.
Is "See Spot Run" as thought provoking at Donald Trump's plan for making America great again?
However the level of dysfunction in this unregulated market means the pps could drop to $5 in the coming weeks.
IMHO, either US markets are reformed through implementation of regulations or US investors will take their ball and go home meaning the markets will cease to exist. We have an SEC which has no funding and no teeth. Either we fund the SEC and force it to regulate the market or we continue to watch a handful of players move the market in whatever direction they feel like using whatever means they like, legal or illegal.
The reason I am 50% cash for the last year has nothing to do with economics. It is simply because of the dysfunction in the market. Cash is real - we have no way of knowing what the market is.
The analysts listed several stocks in various categories that could stand out once the sector stabilizes:
• Long-term, buy-and-hold stocks--those considered to be high-quality that should outperform the sector in both the current environment and over the long term: Celgene Corp. CELG, -4.44% Alexion Pharmaceuticals Inc. ALXN, -3.66% and Jazz Pharmaceuticals PLC JAZZ, -2.39%
• Pullback bucket--stocks in which the recent selloff has created “compelling” opportunities: BioMarin Pharmaceuticals Inc. BMRN, -5.85% Neurocrine Biosciences Inc. NBIX, -4.53% and Medicines Company MDCO,
"A veteran of more than 25 years in the pharmaceutical industry, Fraser has held senior management positions at Wyeth, Pfizer and Centocor. He was most recently chief operating officer at Aegerion Pharmaceuticals Inc. (NASDAQ: AEGR) in Cambridge, Mass."
Please, please, please, do not look at AEGR's five year chart.
I suspect DSCO has joined a cartel whose primary purpose is to move failed CEOs around between the cartel's members. Thank the gods there are shareholders willing to fund these CEOs. Otherwise, they's be flipping burgers!
It looks like the buyout rumor was simple manipulation - nothing to do with any deal. The last few days cannot be a coincidence as a very large amount of money resulted for those who sold into the supposed rumor and are now replenishing shares. With an SEC which lacks any funding to do any enforcement, there's simply no way to stop this k r a p.
We're play a game where the well-financed make their own market under their own rules.
This situation will ultimately destroy the markets but it will take time.