Vertex Pharmaceuticals Incorporated Message Board

The average American family has $3,800 in the bank.

50% of American households don’t have a retirement account.

The 50% of households with retirement accounts only have $35,000 saved up (per family).

The average family owns a house worth $160,000, $95,000 of which is their mortgage.

Average income is $43,000 per year.

Average credit card debt is $2,200.

40% of working Americans are not saving for retirement.

$117,951 is the average American household’s debt.

25% of households have no savings whatsoever.

24% have postponed retirement.

Only 18% are very confident about their retirement situation.

$2 trillion is the combined amount of personal debt held by Americans.

7.7% don’t own a bank account!

If you expect the outcome of the data to create greater than a 10% move, this may be a good trade.

The June 80 straddle (long put / long call) is selling for $745 today. The break even pricing is below $72.50 or above $87.50 respectively. This is a positive 8.6% move to negative 9.9% move respectively.

Sentiment: Hold

And we really appreciate all of your contributions!

Sentiment: Hold

Still way above my cost basis. Looking for a better entry.

Today was on low volume - clearly market orders.

~ Just sitting on my hands.

Sentiment: Hold

So to sum up the content of fiz's post:

"A long time ago I did X, and it profited me Y. So I am better than other people and car accidents don't kill me. And I need to tell people that on an unrelated companies message board."

[chuckle]

On strong data next week this will hit mid 130's.

Sentiment: Hold

Did you load up on SPAM as well?

Just need to reiterate he stated that earnings potential could by 15 times (4.5 billion) what it is now.

We will know next week.

Good luck to all.

Sentiment: Hold

If you check my prior posts you will see that I am long July calls & puts

On the call side, you are well versed so I won't rehash info you already know.

On the put side, we have a number of macro economic variables and broad market indicators that show me a 10% move in the market is possible by the end of June.

Now take a moment and review the IBB. It has a beta of .78 so a movement of 10% in the broad market should produce a movement of 8% respectively in all biotechs respectively. This is a based on the assumption that this is a broad capital movement.

I am not looking at Vertex's beta for reasons I don't have the time to address now.

If I translate an 8% drop into Vertex's share price, that puts us around $71.00. There is no technical basis to hold this level, so in a period of high volatility this will drop in my opinion to the next 'psychological' support level... which is $65 respectively.

So I am hedged to gain on both the up and downside. I make more money in the short term if this goes up. I believe I will make more money in the long term if this goes down assuming this will come back up because it would create a buying opportunity.

Personally, I don't know which way it is going to go - so I am aiming at both... and adjusting my positions based on the outcome in the next two weeks.

Good luck.

Moved some more into cash, bought some more puts. ~ Good luck.

Sentiment: Strong Buy

Today's success for MRK and BMY bode well for a potential 'pop' in CTIX on the release of data in the 38% or better range later this year.

Both MRK and BMY saw increases in market cap of 5.2 billion and 2.6 billion respectively. Or $26 to $52 per share in CTIX's case.

Sentiment: Hold

[chuckle]

This is very early data. That's what not to like if you were expecting the cure for cancer.

I am bullish on the drug, but hesitant on the going concern of the company.

A sell off today is likely on account of speculator's not realizing their dreams (which should not have been expected anyway).

I will be holding and suggest any interested in the science to buy on the weakness and hold until the end of the year.

Good luck.

Sentiment: Hold

Good to know - thanks for the post.

[sigh]

Blah blah blah... eyes glaze over and stop reading because writer doesn't know how to use a paragraph.

Yeah, and I am bullish on the stock as well.

Sentiment: Strong Buy

If you got your two downgrades for stating a material fact = stupid emotional investing.

Sentiment: Strong Buy

AMAZING! - I sure wish I knew how to patent diet and exercise!

Google the following items:

"The New York Times, Genetic Gamble"
"The Amazing P53 Race"
"Study Uncovers Cancer Suppressing Protein "Multitasks""

I am long in 3 different companies that are pursuing the p53 target.

Good luck.

Sentiment: Strong Buy