The 1.19 pps is correct. It is the average price of the stock the 10 days PRIOR to the date of the agreement. Some current articles state some really wild ideals about why Amgen did this, at THIS time...just so Amgen, and friends, could dump their shares??? That doesn't sound the least bit logical. ...My reason/opinion is that now Amgen can still get the stock relatively cheap, believing that the results of Omecamtiv mecarbil will be good....which would cause the stock to go up...possibly very much..Allowing them to recoup some of their money while investing in/supporting CYTK....BUT...I doubt that Amgen has any desire to sell any CYTK...that would depress the stock, and be a very lose situation for Amgen....after all, Amgen already owns a lot of shares...Charts show that there has been a lot of accumulation of CYTK since the first of the year...at least that is what I see...Anyway...we all will find out pretty soon...GLTA...except the shorts....lol.
Don't know what the end trade will be...but I have done my DD....lol...even read Wikipedia - omecamtiv mecarbil....good read. I believe CYTK is a good risk/reward stock for speculation/investment....so, I'm in. Again,I can not think Amgen would invest in the company without it's own DD. .... GLTA
Sentiment: Buy
The price has already been established...$1.19 per share. This is NOT out of the ordinary, and don't let it #$%$' ya'....It was done on agreement for the risk? they are taking...and I, like many others on this board, believe Amgen DOES know the results of the trials, or it wouldn't have done what it did...If you were a business, would you throw money away?...Not hardly. ..So, they must know that there are favorable results...IMO. Buy or hold....I believe shorters are going to get burned on this one...again....MO.
Sentiment: Buy
Yeah...for ZNGA this would be a VERY win-win situation....to buy GLUU. ZNGA has/is laying off 20% of their workforce, GLUU has a great workforce in place....ZNGA would have more inroads in the on-line gaming market....on-line cash games market...AND a foothold in the Asian market through GLUU's recent/and old contacts. Offer $6 a share, get a company with a, what many believe, superior talent, mobile market, good management, no debt....combine offices worldwide (lots of savings)..and STILL have over 1.2 billion in cash left....I know...I know...dreaming....but..?? why not.
Sentiment: Buy
lee...yes, I can see that....but, GLUU already in on-line gaming, as well as developing games that have cash prizes...ZNGA has lost a LOT of talent...GLUU is developing new games with new talent....sigh....just would be nice. I, as well as most of the market, don't have much faith in ZNGA's current management.
Sentiment: Hold
What would be great, IMO, would be for ZNGA to buy GLUU....great fit for both, and ZNGA has a ton of cash on hand. ZNGA needs more mobile...GLUU has it....GLUU needs cash....ZNGA has it. They are just a few doors down from each other, and can combine resources...great fit....but?...and big BUT, would GLUU like Pinkkus as the CEO?..just a thought.
Sentiment: Hold
Best help, IMO, would be for ZNGA to buy GLUU....great fit for both, and Znga has a ton of cash on hand. Znga needs more mobile...GLUU has it....GLUU needs cash....ZNGA has it. They are just a few doors down from each other, and can combine resources...great fit....but?...just IMO.
Sentiment: Buy
I am NOT a basher/shorter...this is no joke: Affymax will be delisted after Wednesday's trading by Nasdaq as the biotech declines to appeal a ruling that because of the recall of its anemia drug, "the company no longer has an operating business" and is instead a "public shell." That is an entity the exchange has previously said "could be detrimental to the interests of the investing public." Affymax has also announced paying $6 million to two suppliers of the drug's ingredients. Shares dropped 24% premarket to $1.59.
Noticed it hasn't hit Yahoo news yet....so BEWARE, AFFY is going to be delisted Wednesday.....NASDAQ states it is NOT a viable company.....I highly recommend getting out while you can....your choice.
Not really...he's losing his A on several of his stocks...and isn't it strange that he leaves an undervalued company to buy into an overvalued company?? Maybe he dumped for margin calls..?...profit taking to buy AIG...who knows...But, I'm willing, although my recent bets haven't fared too well, to bet he will be back to GNW....Not really a lot of stocks out there that have the valuation GNW has. Nothing to get excited over.
Sentiment: Buy
Sigh...yep gd....I have a long way to go. I did not anticipate todays action. Thank goodness for FMC/FNMA...hope others took 'mom's advice/alert. . If GNW doesn't cross 1080 tomorrow, know that I'll wink, tip my hat, and walk away with a smile....that's life. NOTE: That I WILL look in after close to read your, hilarious I hope, 'I told you so..' rub it in remarks....lol.....GLTA....
Sentiment: Buy
WOW!! bet there were a LOT of margin calls today!!!
Sentiment: Buy
AHHHhhhh...have a nice trip soulec...catch a big one....and yes....DO use bait...lol. No, just making observations..Unfortunate you take it as whinning...but...maybe venting is...hmmmm...just a more derogatory term. ? 'tis ok. Nah, put what I had left in FMCC/FNMA....and it WAS good....Now looking at what's next. I just don't believe in RDN/MTG the way I believe in GNW....but, subject to change....after all, the object, as you succinctly put it, IS to make money...right? Take care...have fun/good times...and GLTA P.S. ....cdh333mom...good call...That's the way to help people...tada!!
Sentiment: Buy
cdh...yes, the last two days...heck...month even...FMCC/FNMA have gone gangbusters. Magnificent day trading stocks!!
Well...biting my tongue....I am NOT going to mention the two stocks GNW is so compared with, and their amazing recovery today...shaking head....I just can't figure it. Yeah, I know the short side, and all the other variables, but it REALLY just doesn't make sense...at least to me it doesn't....sigh.
Sentiment: Strong Buy
Yes...typical over-reaction of the market. Also, a warning to the Fed about interest rates. The money people know that the market can influence the Fed and government policies. You've raised taxes, don't raise interest...or we'll take our money and go someplace else..which, of course, will cause another recession.The drop in share prices will have a negative effect on the bottom line of most financial institutions...which will cause another sell-off...etc.etc. Sad how this country can be so manipulated...but, such as it is...it is. Load up now...if you can....it's just a warning shot....As everyone knows, especially the market, the Fed has to change its policies sooner or later...the market just wants it later. IMO..GLTA BTW...soul...that wasn't a lot of shares in the pipeline for a company like GNW...specialists coulda' handled it without the severe drop...again...IMO.
Sentiment: Strong Buy
21,000 shares trade have dropped GNW 20 cents min pre market....does that make sense? Or does that sound like manipulation...think about it. Read about stock specialist, and what they are supposed to do.
Sentiment: Buy
Wow!! Haven't seen this in a LONG time....a classic market manipulation by market makers...note that stocks are falling with just a few thousand, or hundred shares traded...in some cases, just 100 shares have caused a large drop in share prices...all this due to the market makers/specialists letting the stock go into a free fall....which of course will activate stop loss markers...a game the Big Boys play which causes the retail investor heartache. Oh well....hang in there. Really, read the news, exactly what effect will all the chicken little sky is falling have....none.
Sentiment: Buy
gdhub....GNW will be back to 10.80+ by Friday....Fed didn't say anything they haven't stated already in the past. Darn....just timed my 1300 buy wrong. GNW has been as dependable as she could be for traders. All the fundamentals for GNW are great....unlike some other stocks I won't mention. Not a pumper...just facts....although the LTC bothers me...as I have stated before. However, when- just a matter of time- interests ARE raised, it will be beneficial for GNW...I like this stock, as well as believe in the company, and its management. . SO, gd...if I'm right....you leave this board never to return....if you are right...I will....if neither, well then, status quo I reckon. GLTA...except you gdhubert63....lol.
tmag.....Of what you stated, I do not disagree....I am long, as well as day trade this stock. I think what most, that complain on here, note that on Jan 2: GNW was 7.90 ...RDN: 6.31, and MTG: 2.98. ..Now, read back, everyone , almost everyone, on here thought as I did, GNW was/is the MUCH better stock. Since then, RDN/MTG have doubled +/-....GNW, well, hanging in there with a 2.65 +/- gain. Since GNW major earnings surprise May 2...stock is .22 +/- cents higher....RDN/MTG report record losses, and rise dramatically.....yeah, I can see the frustration some on here express...I sympathize with it...because it IS puzzeling....sigh...but that is the market...a mindless beast of greed, and the retail investor/trader is at the mercy of the 'Big Boys'...but they lose too sometimes....or become crooks. Anyway, if some want to vent....'tis ok, as I do too.
Sentiment: Buy