You sure got that right. Maybe we can vote Sharon to man the helm. She's got the most enthusiasm with this sinking ship. I think in a past life she was one of the musicians that played as the Titanic went down bow first. Curious if she ever bought that Taigen stock she once suggested to me. :)
Lets see what tomorrow brings...
Counseled a lady yesterday on her new statin script. Obese. She was getting metformin too. Told her maybe she should make a visit to a dietician. She dismissed this and just said she eats poorly. She's content with her life and health as poor as it is. So there you have it. Lets hope we hit 11,000 tomorrow-finally.
By the way, where are the good doctors' Vig and Dan?
Where is the Chartist Extraordinaire, S&P?
Yeah, they seem to be moving it that way. I agree. RSI around 40 or bit below. I think your strategy is OK. I too am watching this as well and wondering where this will stick and support be found. It's not moving down with any big volume so I find that reassuring. Wait and see.
It's sort of obvious with the stock trading at prices before the drug got approved that the business model is not working. We will see what this Friday brings, but if we are still below 11,000, I don't know what else to say. I hope the longs (other than myself) will keep buying to provide support for my stock. Thanks guys.
It's not an inferior product. I have not spoken to any customers, but have heard from the various pharmacies that folks have lost weight and happy. One person stopped the drug due to elevated liver enzymes and not sure what was up with that: concurrent diseases, other meds they are taking, etc.
I just think its been a poor business model from the start.
Hey, what happened with MNKD? Any thoughts on that one? When will Sanofi start marketing Afrezza or have they already? Any strategies on HOW they plan to do this both with public and physicians? Interesting price right now.
Bummer for the buyer of those. I was looking to sell calls yesterday, but feared losing this stock. It's a volatile stock and I think underestimated which makes me hold my position. I was looking to add another 2000 shares to round out at 10,000 and sit it out. I think any company that can make money at these highs and innovate is worth holding. I consider GTAT a safe growth stock. One of the things people don't mind spending money is on phones. I personally am going to upgrade to this new iPhone after using Android for years. I have a Samsung 4 bought several months ago and not impressed. They are always doing upgrades to the phone and screwing things up and not crazy about the operating system any more. I think Apple will carry GTAT, but I feel they have enough uses for sapphire (commercial, other retail uses, military, etc) and along with their other products and manufacturing processes to carry their own. Lastly, I will watch the chart. If they bring this down again in the low 17's then I will consider picking up more if markets are not selling off.
Funny you talked about this stuff. I was thinking of some type of solar type installation on Tesla myself. Not as technical as you, but there are always possibilities.
Sentiment: Strong Buy
I say we retest resistance at old high in 2-3 weeks. If we break it and the good news is confirmed regarding sapphire, we might be seeing mid to high 20's September sometime. If those phones sell like hot cakes, we might be seeing 50-60 by end of the year.
Means the shorts will be paying 100 bucks a share. Hope they went to Costco and stocked up on the Kleenex to dry up their tears.
I agree with you that Europe is watching to see if any unusual adverse drug reactions are reported.