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Savient Pharmaceuticals, Inc. Message Board

kg2931 107 posts  |  Last Activity: Jul 5, 2014 11:50 AM Member since: Jan 3, 1999
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  • kg2931 kg2931 Jul 5, 2014 11:50 AM Flag

    Wong posted this on-line at Barrons. 'BigChad' found it (msg below). I tried posting the link last night but something in my settings won't let me post links on Yahoo. Anyway, just google the following title: \\

    "July 3, 2014, 3:47 P.M. ET
    Intel, Linear: May Chip Data Healthy, Says Wells; DRAM Run Can’t Last
    By Tiernan Ray"

    I suggest we challenge this Peter Wong and Tiernan Ray that wrote the article to tell us what their position is in MU stock. Highly suspicious bearish article at a time when EVERYONE else is a BULL on MU!

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014 )

  • Reply to

    if you didn't sell at 34.40

    by kpwoodward Jul 1, 2014 3:38 PM
    kg2931 kg2931 Jul 2, 2014 9:10 PM Flag

    thx mike! It's wonderful when your ship comes in once n a while. The trick for me is not to get cocky or complacent. It's been hard not to do well on MU.

    I lost $92K last year on the SVNTQ bankruptcy case! Held that stock 17 years! Lessons leaned: Long term also means PAY ATTENTION to long term holdings - learned the hard way!


  • Reply to

    if you didn't sell at 34.40

    by kpwoodward Jul 1, 2014 3:38 PM
    kg2931 kg2931 Jul 2, 2014 3:32 PM Flag

    I thought about selling yesterday but nah... No compelling reason to cash out. When the overall market/street starts harping 'irrational exuberance" and the next big sell off comes, then it might be time. Ukraine's not going to hurt us. I don't think Iraq/ISIS will either. Employment numbers supposed to be OK/not great. Interest rates remain steady. Time to stay on the MU train for now. And, if I sold, I'd have to buy HIGH to get back in!

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014 (sold the other 2K shrs Friday 6/20/14 @ $31.83)

  • kg2931 kg2931 Jul 1, 2014 1:21 PM Flag

    Thx, I guess the answer then factually is: NO, MU hasn't been buying back any of their stock since Fall of 2013.

    My interest in this issue was sparked by yesterday's WSJ article. You know the way MU has often traded counter anything that makes sense from time to time (not the past two months) - I'm talking the Lucy factor... kg

  • kg2931 kg2931 Jul 1, 2014 12:48 PM Flag

    I was just wondering if MU has been buying back any of their stock recently and at what level? I didn't start following this stock until the Fall of 2013. Also, my memory isn't the best on MU but I don't recall MU announcing buybacks since Fall either. This assumption would of course be consistent with MU focusing on paying down their convertible debt. Please correct me if I'm wrong. KG

  • WSJ article today saying a co buying back it's stock is not always good for it's shareholders. Often used by the co to prop up it's stock price in falling or slow markets and/or make it's earnings reports look better. Could some of this be going on with MU? Or, is MU putting their money strictly to pay down the convertible debt?

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014 )

  • Reply to

    Seeking Alpha writers must work for Cramer

    by dopey3 Jun 27, 2014 7:11 AM
    kg2931 kg2931 Jun 27, 2014 2:41 PM Flag

    I agree. Crossing the line between professional investment journalism and spam artists is a growing threat to our common sense democratic values. Wish the SEC would establish some rules and get em passed by the courts the sooner the better. kg

  • kg2931 kg2931 Jun 27, 2014 2:36 PM Flag

    thank your jsv! Good point! kg

  • kg2931 kg2931 Jun 27, 2014 2:35 PM Flag

    Imhflying, Not spreading hate. Never want to encourage that and like the democratic free flow of ideas. However, let's be real. ShockTrader was so off base and deceiving - had to be called on the carpet!

    The general gist between both of his articles told us all we needed to know - he's overall short MU. In addition and he couldn't even keep his rec's straight between "Sell" and "Hold" int he same frigin day!


  • Too funny! This "ShockTrade" guy puts two MU articles out today on SA. One says "Sell", the other "Hold"! Then he goes on to say he's got a "straddlle" (meaning basically he's Short) on MU! For a good laugh, go read his method how he derives the "$18 - $22 Per Share". How/why does SA embarrass themselves with writers like this?!

  • kg2931 kg2931 Jun 26, 2014 1:37 PM Flag

    I'm still not seeing the level of Replies back to this Topic that I expected. I still don't understand where/how WSJ came up with this "sales of memory products declined" and would like to get more opinions from others on this. Did anyone else take this same interpretation away from MU's Monday's 6/23/14 earnings announcement? Was WSJ misinterpreting and drawing this deceiving conclusion simply from the NAND story leading into earnings? I certainly haven't seen anyone else put it this way... kg

  • Reply to


    by robshemanski Jun 26, 2014 10:19 AM
    kg2931 kg2931 Jun 26, 2014 1:28 PM Flag

    Well said Cody. Cody's definitely an old timer on this MU msg bd, longer than I and done well. Like him, I've done well too and like him I recognize it's been hard not to the past 6 months on MU - If you just buy & hold through the nonsense daily/weekly stuff. In the beginning (Octover - Novermber 2013) I traded MU as well. Made plenty of nickels & dimes but sometimes had to hold up 2 - 3 weeks to come out on top. Had I not been so heavily on Margin during all that I would have just held long term and had I done so, would have made more money with less frustration. kg

  • kg2931 kg2931 Jun 26, 2014 11:29 AM Flag

    Yes, going into the earnings release we expected some flak on NAND but not "sales of memory products declined"! I think this was deceiving on WSJ's part. WSJ in the print carries more weight than all the on-line bullish news releases combined. kg

  • Reply to


    by robshemanski Jun 26, 2014 10:19 AM
    kg2931 kg2931 Jun 26, 2014 11:23 AM Flag

    Ditto but actually I don't see MU selling off after this earnings report. I do see the pattern of not off to the races climbing on the good news but the sp is generally holding/stable around $32, so far. This is good and better than the last two qtrs where it dropped quite a bit consistently day after day. So, hopefully MU investors are going to straighten up & fly right going forward this time.

    There's more than just "day traders or unsophicated investors" (below) on this MU msg bd. There's plenty of old timer very savey long term investors and then then there's folks like me that have been watching and learning the sp moves on this stock for the past year.

    Just hang onto your MU shares and watch this gradually climb into next earnings.

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014 (sold the other 2K shrs Friday 6/20/14 @ $31.83)

  • Wed 6/25/14 Wall Street Journal article, pg C4 said this on Microns Mon 6/23 earning's release:

    "Micron Technology Inc climbed $1.24, or 4%, to $32.50 after the semiconductor company late Monday reported better than expected fiscal third quarter adjusted earnings and revenue, although sales of memory products declined".

    So the question is, where/how did WSJ come up with that interpretation from the earnings report?????? I've not heard it put that way by anyone else. Seems deceiving/negative. Can someone shed some light on just what in the earnings release WSJ is talking about?

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014)

  • Reply to

    Now that Earnings are out - Buy n Hold Long Term Now

    by kg2931 Jun 24, 2014 1:42 PM
    kg2931 kg2931 Jun 24, 2014 2:26 PM Flag

    Yeah, that's my sentiment. Although I'm still a little bit on margin. Suppose I could sell another 1K shrs, then I'd be completely off margin. But it's only about $100 month now and MU's upside is too good to resist. No matter what they say about the business has changed, oligarchy, etc., this is still the chip sector and I can't get the word cyclical out of my mind. Also, the global economy - need I say more.... This is why 'long term' for me is one Qtr at a time. Good luck codi. kg

  • There must be other's like me that are inclined to just sit tight now and ride this long term into the next qtr. I'd be happy to see "$34.90" by end of next week or two weeks out. Next week might be stretching it... kg

  • Reply to

    Back at 32

    by ccchris26 Jun 24, 2014 10:00 AM
    kg2931 kg2931 Jun 24, 2014 12:22 PM Flag

    Hey codi, I still have 2K shrs left of my original 4K @ $24.92. So, I'm loving it today in the 32's! Was tempted to sell yesterday when it dipped close to 31. Glad I didn't. So, maybe we won't get a sell off after earnings this time. This might hold the 32's and resume a steady climb rest of this week. Hope so. Good luck to you. kg

  • Reply to

    How to play MU tomorrow?

    by robshemanski Jun 23, 2014 7:21 PM
    kg2931 kg2931 Jun 23, 2014 9:32 PM Flag

    I wouldn't play MU tomorrow - the day after earnings. Nobody can tell what MU will do for a while any way. Announcement today was not great but not bad either. Those whose expectations were not met already knew they wouldn't be. If you already have shares, or looking to buy, just sit tight through this week and watch closely. Eventually MU will resume it's steady climb but not at the same pace as the last month... Once the dust settles will be a slow ride up to 40, perhaps beyond (with stops along the way for the usual outside uncontrollable global events).

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014 (sold the other 2K shrs Friday 6/20/14 @ $31.83)

  • Reply to

    New to MU, but happy!

    by wall.street13 Jun 23, 2014 8:51 PM
    kg2931 kg2931 Jun 23, 2014 9:21 PM Flag

    How soon? Days? Weeks? I think MU will stay in a watch paint drying $30 - $32 trading range for the next month at least.

    kg2931 (Long MU 2K Shrs @ $24.92 held since 3/05/2014(sold another 2K shrs last Friday 6/20/14)

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