Q 3 starts in a week. Many of the big companies were just recovering from the earlier effects of the strong $. Now, they may have to start dealing with that again.
Will be an interesting day for the entire oil patch. Oil really taking it on the chin, natgas not quite so bad. I'm about 45% in cash so a little bargain hunting might be in order.
What about the FED? Now that the time is here for action......the FED comes to the gunfight with no bullets in their gun.
Like I said then.....INO is a company, NOT A RELIGION. Those that are trying to portray INO as the answer to nearly every non met medical need are doing a disservice to sensible shareholders. INO is a good company trying to solve some medical problems for the world. Give them a chance. Back off on the hype.
Now up a whopping 38 cents. CELG also giving up most of its gains. Much happier with ICPT.....up $6.00+.
Kel................holding all 3
Added more @ 4.64. Pitifully low volume today of around 260,000 about 2.25 hours from the close. CCXI is on everyone's "ignore list" today I guess.
I haven't touched them. They may have the potential of moving up 10 - 20% on an oversold rally for nimble traders. But, I think they may have entered one of their long term down cycles. Remember the "value traps" that the off shore drillers were a few years ago with the still large EPS estimates and healthy dividends.
Just urging some caution.................Kel
I read that story. Rather poorly written. I did like the 90% market share and the WW dominance. The author seemed determined though to offset every positive with a potential negative.
Kel..............still holding GILD, CELG, ICPT, and CCXI
Will be watching closely how the stock does after the x-div date. May pick up more shares if the price over reacts vs the NAV. Will mess up some account values as the 82 cents will come out of stock value, but won't be paid for about 7 weeks.
The idiot Obama thinks that kissing the World's #$%$ will make him a beloved figure in history. He is the laughing stock of the World.
Bought a little CCXI @ 4.78. Immediately dropped 10 cents. I am 50% invested in biotech stocks along with 2 medical / biotech CEFs (THW and THQ).....the other 50% is in cash.
I got that 64 BCF number from CNBC. Who knows where they got it, maybe it was at the bottom of the usual long list of weekly estimates.
BB.........I'd at least be very watchful when the time comes for them to announce their next 3 months of dists. Last year they declared on July 22 (Wednesday). Be careful and good luck.
Noticed that. Problem is that when it goes x-div, that .82 comes right out of the price and the NAV. Will get you more shares though. What we really need is to get this group moving forward, not backwards. I'm holding HQL, THQ, and THW. Also GILD, CELG, and ICPT. A lot riding on the biotech business at this time. About the only bargains I can find though.