The same thing happens with small cap US stocks all the time.
I've done very well with Bidu, and a few other Chinese stocks, and lost badly on a few others...All in all i'm ahead.
They the biggest, fastest growing market around and to not have some bucks in them is probably a mistake.
We just chose badly with CMFO. That's our fault. We didn't bail out when the signs were against us.
They can pay the divi from their hedging for a year or more.
But they have taken on an awkward amount of debt, albeit at a decently low %.
In the longer run, the divi will have to fade unless the price pre bbl rises.
Aere you going to buy your new knee from Mexico rather than one made in the US because of 2.5%?
We were up 35% a moment ago and i'm delighted too.
But please remember we are a very long way from having drugs past FDA Ph3 trials and on the market for major indications.
Until that happens, the PPS will continue to plunge and soar unpredictably. Brace for that.
Meanwhile, it's sweet to hear the shorts squeal!
Oh, i sure hope so.
But a couple of big clinical trial failures and the PPS will be pennies.
Most phase 3 trials fail..10 to 1 used to be the rule of thumb.
Too much positive thinking distorts perceived reality and makes me nervous.
Remember the big players with the hyper educated bio-tech guys, passed us by.
It will make no difference to the bottom line. All competing companies had to pay it and no one will skip having a new knee or important surgery over 3%. Only the poor folks it was to benefit will suffer now.
Mr Gordon; No honest person ever gets to be president.
Our system guarantees that all presidents lie to varying degrees. Obama lied less even if you count Bush statements made in willful ignorance.
Obama's actions bailed us out of the 2nd great depression that Bush led us into.
It's gone now and will make no difference, except some very poor folks will come up short when they are very sick. Happy now?
Wall street doesn't care about 2 years from now at all, agreed.
But if you can see what's probably going to happen in 2 years to 5 year ,and put your money there..You can come out a fat cat.
Will you only live till next quarter? That's how you are thinking.
I never remotely imagined, back in the '60s that i'd live to be 70 years old.
I was a poor junk sculptor then who had trouble making the rent.
If i'd invested just a couple of dollars a week that i literally #$%$ away on beer, i'd be wealthy now.
Short term , we are up against brilliant analysts with access to the best math guys with enormous computing power and access to info we will never see for months...Oh, and direct connection to the exchange computers. They fight for microsecond advantages. We can't compete in that arena.
This might be more of an answer than you deserve, but i tried.
That will have no significant impact except poor folks will have a harder time when they are sick.
Are you proud of that?
I'm ambivalent about vehicle subsidies, but they can encourage fledgling industries that would be beneficial to the nation. Some early kickstarting support to get NG up to a significant % of vehicles on the road would help energy independence, air pollution, CO2, and the whole economy with lower fuel costs.
US shortsighted. Infrastructure deterioration,.... our hitherto excellent education systems are sliding to 3rd world levels in many areas. Our electric grid is undersized and aging. Our communications systems are falling behind. Our control of corruption in political, law enforcement and economic arenas is deteriorating. Our "democracy" is being sold out progressively, as are our civil liberties. Our medical services are more expensive and less effective than most other wealthy nations. I could go on at length..As you point out, China plans many years into the future, we do only weakly and quibble about the cost.
DC power? Aren't the line losses terrible?
You ended up being right about the price of energy, but we didn't anticipate the new drilling technologies back then.
Cancers mutate constantly. Targeted treatment regimes don't....yet.
We will have to use all the tools at our disposal in combinations to have any chance. Chemo isn't dead by a long shot.