Awesome.. thanks much for taking the time to share that. Was familiar with AMRS and SZYM, but my understanding was that they're primarily agriculture. One of the things I find appealing for XON is cross-sector application (medical applications as well).
Could you please list some of the other synthetic biology companies? Curious to check them out. I'm aware of other companies having a hand in synth bio.. but none completely dedicated as is XON.
It could well be that these are the levels and this is the type of company where the likes of Warren Buffet usually buys. The man has alluded to this strategy for decades. This is a different psychology from short term trading.
As far as going lower... flip the daily chart of XON upside down, and tell me if that were a bull market if you would buy in there or if the trend looks sustainable. It's almost vertical. We all know, short term or long.. bull or bear, that it is not.
As with any trade.. it depends on your time-frame. If you plan on holding this for years.. seems like a low-risk spot roll the dice and pick up some shares.
What I'm not sure if everyone sees is the Nasdaq/Ixic monthly chart. That's an accumulation pattern over 10 years since the tech bubble bust. Looking for a push above 2900-3000 for that.
Everyone is so focused on the financials, debt, etc... while high tech (nanotech, stem cell tech, etc) are parabolically accelerating in development.
Just my 2 cents, but I think a tech bull is going to be the thing that drags us out. I do not think there will be any further massive economic collapse.
Humans evolved by outwitting their environment against staggering odds. We've been doing it for hundreds of thousands of years, with 'corrections' via wars, famine, etc. Now we are smashing subatomic particles into one another and unraveling the creation of the universe. That's real progress. I just don't see the short term relevance of volatility as an indicator that 'the game is over', as many of you are calling for.
This is a correction so far. Furthermore, over the past 20 years, I have not seen on any monthly chart of an index more than 5 months down in a row except for the Nasdaq in 2002. That was 6 months down which was followed by a bull. Currently, we are at the end of the month with 5 months down in a row. Odds are favoring a bounce short term.
If nothing else, remember nanotech. The is the great beyond that hasn't even really gotten started yet. Keep your eyes out for development in promising nanotech companies and supporting industries +
It's really an unknown.. but my take is that it's going to start making new highs eventually to where $15 may become a distant memory.
Look at the monthly chart. Looks like we are building/have built the right wall of the first monthly base.
This move, should it play out, would likely take years.. perhaps over a decade or more.
That's because they (the top 10% of earners) control and generate most of the wealth.
The top 1% of wealthy control 42% percent of American wealth. That said, *they're still paying a lower tax rate.*
The bottom half (middle class) pay less because we're making less, that said the middle class is getting taxed at a higher rate.
Please explain how this is ok?
I see the chart, and then I see this, "On average, the wealthiest Americans pay only 17 percent of their income in taxes, a dramatic decline from the 26 percent they paid in 1992."
Somewhere we have a gap that I would like to see explored.
I agree with you that a flat tax is a must. That said, virtually all tax loopholes need to be shut down, as well. The wealthy have the resources to find them. Tax reform is needed.
The moral bankruptcy that Fox 4 or any Tea Party member won't say or isn't aware of is that the wealthiest Americans pay 17% of taxes while the middle class pays 25-30%.
My question is.. are you aware of that? And if so, how is that moral.. and how would we be 'punishing' the rich by making them pay what we all do.
You are supporting the true elite. Until the tax code is reformed, the Left will always have my vote.
Actually I have evidence to back up what I'm saying.
Your opinion is.. opinion. It's subjective and not based on fact, unless you can prove otherwise.
Taxation IS the medicine for Trillions of debt. At least half. The rest comes from spending cuts. It's the side-sidedness I hear from the Right (that you're parroting now) that ensures the right won't get my vote 2012.
Frankly you're one of the few on these boards who gets it.
Could you recommend some good links, etc to expand my knowledge base? I'm trying to build a solid case over time to people I know.
It sounds like we're on the same side here.
In addition to flat tax, I'd say up regulation to tax corporations higher for overseas outsourcing to make it more cost effective to maintain manufacturing base in the U.S.A.
The standard tax deduction for the middle class (earners of $34,000-$82,000) is 25%.
For those who make above $374,000, the tax rate deduction is 35%.
On average, the wealthiest Americans pay only 17 percent of their income in taxes.
The top 1 percent of the wealthiest Americans control 42% of the financial wealth in the U.S.
http://www.mybudget360.com/top-1-percent-control-42-percent-of-financial- wealth-in-the-us-how-average-americans-are-lured-into-debt-servitude-by-p romises-of-mega-wealth/
And btw, hundreds of dollars compared to trillions is the same in relative function given the scale operating environment. We're talking micro to macro.. as all chart patterns function the same on multiple timeframes (5 min, 10 min, 30 min, daily, weekly). Universal rules apply. It's the fractal nature of the universe/reality.
Or didn't you know..?