With options, you can be right the idea but wrong the timing, and lose it all. That's why I seldom play options, you have to be very clever and hold to a set of strict rules or you can lose a lot of money playing them. Not for me, but I do hope you come out of this trade with profits, we all benefit (not you shorts).
Fair enough Mike, let's call it something other than a 'rout', what we had today is what I call a 'slingshot reversal', in that we went way lower at the open, and closed up for the day, leaving us a white candle with a long tail, which can mark a reversal back to the upside. Not going to hold my breath, not trading it anyway. Liked what happened over at MNKD today, that was some shorts being squeezed (and covering) today on increasing volume, IMHO.
Calling it a 'rout' is terminology too. Today's low of 14.64 was just under a 15% drop from our high of 17.16. When we get a correction in the major indexes of 15%, that's pretty major, and this has been a decisive (pick your terminology) downside move. I don't think the news story about Obama's idea to tax foreign corporations helped us, could have added fuel to the move down. We have a volatile stock, that's all. Either you plan for it, and trade it, or you don't, but if you hold it, you have to have the stomach for it.
Your posts have a decidedly bearish cast to them. You must detest living around positive people. If you are long, you sure come off short! Why not add something positive to the conversation?
It's not all or nothing at any conference, you might get something revealed that is important, but nothing like a partnership would be revealed at one of these investor conferences. You maybe are getting antsy?
There was a big washout in the biotech sector today, my portfolio took a record hit with only two of 12 positions in the green. Major dump, and as regards OSIR, I had mentioned perhaps 2 weeks ago that the short term technicals were forecasting a pullback--we've had anice run since mid-December.
You're right, good question. The search revealed what you said, these may be disabled links when navigating within their website, but shows the webmaster didn't finish clearing out these web pages, which may yet be archived.
Saw this article, it points to inversion profits in "in Bermuda or Ireland".
(Bloomberg) -- President Barack Obama will propose that U.S.-based companies pay a minimum 19 percent tax on their future foreign earnings, capturing profits that are now often beyond the government’s reach.
Obama will also seek a 14 percent mandatory tax on about $2 trillion in stockpiled offshore profits, said two people familiar with his budget proposals, declining to be named because the document won’t be made public until Feb. 2. Companies would pay that tax regardless of whether they bring the money back to the U.S., the two said, creating a revenue stream the president would use to pay for roads, bridges and other infrastructure projects.
Obama’s latest proposals add new details to the administration’s efforts to revamp the U.S. business tax system. The issue has been stalled in Congress, though lawmakers of both parties say they see potential room for agreement on business taxes.
In one sense, Obama is offering U.S. companies the kind of system they have sought -- one with lower corporate marginal tax rates and with future foreign profits subject to little or no extra U.S. tax when brought home.
However, he’s offering to do so on terms that are less favorable than companies would want, with rates that could mean significant tax increases for companies that have been shifting profits to jurisdictions such as Bermuda and Ireland and paying less than 10 percent on their foreign profits.
“The basic outline of a deal on the most important component of corporate tax reform is falling into place,” said Ed Kleinbard, a tax law professor at the University of Southern California who has criticized the current system that often lets companies avoid paying taxes anywhere.
A proposal last year from Dave Camp, then the Republican chairman of the House Ways and Means Committee, would have taxed the one-time profits at 8.75 percent for cash and 3.5 percent for other assets.
Good enough to win, 1 yard with 3 downs to let Marshawn plunge it in, and a poor play call does them in, heartbreaker after it was all going their way! With the most unstoppable running back in the NFL and they didn't give it to him! Unbelievable!
Go Hawks! TW my other hero, Russell Wilson's got Brady worried! 24-21 w 7:21 left to play!
Don't overlook MNKD, big confidence there in a blockbuster with Afrezza for diabetes marketed worldwide by SNY, soft launched 26 January.
IGXT is going to outperform in 2015, it's first year in profitability wit broad pipeline. NBS is one that has yet to launch, now at 3.54, with a phase 3, and $10 recent price target of $10 by Oppenheimer. I also like Osir, Syn, Hznp, and of course Idra.