Agree! FBIOX trailed again today, it went up 0.56% while IBB gained 0.77%.
(Top holders= GILD +2.01%, BIIB +0.74%, VRTX+3.02%, AMGN +0.93%.. )
Hoping for a banner day tomorrow as FBIOX is $1.51 away from $220
This baby needs to crack this ceiling. Do we have enough ammo to do it today or this week?? The top holding GILD closed an impressive +3.73% today, BIIB did 2.11%, ILMN did 2.93%..
This Friday is triple witching day, high volatility. Good luck, longs!
Hey Benny! So you accuse me of cheerleading FBIOX while you're doing it with GILD? Haha. Touché.
You haven't moved on since you're still in the biotech sector. Do you think you're safe with GILD should a correction happen? Market corrections will always come and they are inevitable -- just like earthquakes are inevitable in California. But they're part of life and one can't live in fear forever or they're not living at all.
Face it, there aren't many good places to park our investments these days as long as the Fed continues to hold the interest rates down.
Guessing the hi-fliers Intercept ICPT, Puma Biotech PBYI, among others are also poised to be bought out eh? Sweet indeed.
Sherries, why so serious? And why does it matter that someone else is doing spreadsheet, on his own time and his own dime? Last I heard, this is a free country. No naysayer here. Sheesh!
I'm still here, long and strong albeit a tad lighter. You beat me with your $110 price. Mine averages around 135 now after getting stuck with this first-in-first out. My taxes will bite. :-/ But I have to ask. Where have these cheerleaders been when FBIOX was tanking from 228 to 175? All I remember was some clown named Flashes posting gloom and doom and another poster named Ben-something saying this thing was headed back down to 150.
What?? Noooooo! You've sold? (sigh) I've been watching and thinking too but didn't pull the trigger. I think you got a good price. This thing tends to stall around $190 but twice or 3 times, it moves right past $200 then for no reason, it drops back down to $190... Hope I'm wrong this time. I have to sort through the news a bit more over the weekend. But I think you've hit the nail on the head on many points there. .. Very reminiscent of 2008.
Good luck buddy. Hope you'll come back and continue to post here. I bet our friend Sherry or Sherlie or whatever her name is will probably call you out again. LOL
So bummed my long post yesterday in reply to yours never showed up. I don't know about the Fed move but this conflict between Russia/Ukraine continues to dominate headlines dragging down the market. Pundits are saying (louder) that the market likely moves down by end of 2014.
Aye!!! The stupid Russia Ukraine conflict headline strikes again. Thanks for the warning, buddy! :-/
Lest someone accuses me of plagiarism, the above quotes come from Mr. Sam Collins, chief of Investor Place blog. Sam said he was summarizing the thoughts of Charles Dow, the creator of the Dow Theory. :)
Hey Psla, I'm welcoming more boring days ahead... ;) and looking forward to the last rays of summer at the beach.
The guy at Investor Place headlined today's blog with "Biotech is best buy in this market". Well, how about that? Anyhow, here's an interesting analogy he posted on Monday: // excerpt below
" . . Major (primary) trends are like the oceans’ tides — a primary bull market is like an incoming or flood tide that runs farther and farther up the beach until it finally reaches a high-water mark before it begins to recede. While the tide is coming in, there are waves breaking on the beach, some incoming and some outgoing. While the tide is rising, each succeeding wave pushes a little farther up onto the shore, and when the tide has reached its maximum height, the waves recede, never quite reaching as far as their predecessors. The waves are the intermediate trends.
Meanwhile, the surface of the water is in constant agitation as wavelets and ripples move along with and against the major trend. The wavelets and ripples are analogous to the market’s minor trends and are unimportant day-to-day fluctuations to long-term investors but followed closely by traders.
The tide, waves and ripples represent the primary (major), secondary (intermediate) and minor (short-term) trends of the market. Primary trends usually last for more than a year and may run for several years. Intermediate trends, “corrections” in a bull market or “recoveries” in a bear market, typically last for three weeks to three months and normally retrace one-third to two-thirds of the gain or loss. Minor, or short-term trends (wavelets), normally last less than six days but can run as long as three weeks.
The length of these trends is dependent upon the overall volatility of the current market, so these are generalizations. For example a calm, summer day at the beach will produce shorter waves and wavelets, while a fall hurricane will be accompanied by very different wave characteristics."
So boring I could cry. ;)
Have fun and enjoy the rest of summer, Pslabowski! Don't mind this board. It's riddled with naysayers, Iike.. who would be thumbing down those positive ICPT news?
Don't get me wrong. I'm loving the upswing. :) I just hope these gains will stay with us a month, 3 months or even a week from now... Since FBIOX is back to the December price and change, we seem to have lost the 300% gains from ICPT.
Hope this post finds you on the road to recovery, dear Internet friend Pslabowski! Our great minds should stop meeting like this. I've also been hanging out at the hospital and rehab these past weeks tending to our 88-year-old mother. Didn't get online much though I managed to keep an eye on the stock market. Glad to see our buddy Sherries is calling for your presence. Haha :D
Yahoo disallows posting URLs. Go to Morningstar website and get a quote for FBIOX. Select "Portfolio" tab then "Holdings" tab,