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ONYX Pharmaceuticals, Inc. Message Board

kiwimission 2 posts  |  Last Activity: Apr 1, 2015 12:25 PM Member since: Oct 25, 2001
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  • Reply to

    BUYOUT RUMORS ARE REAL

    by coolmarty Mar 27, 2015 8:58 AM
    kiwimission kiwimission Mar 29, 2015 7:37 PM Flag

    Just a bunch of gibberish! Rumors by definition are not FACT. So how can the buyout be real?

    The famous line from Justified says it best; "watch out below." Monday could be a smooth five to ten point drop with a blink of the eye.

    Full disclosure; I've been long BMRN since 2011. However, I didn't go buy a new Ferrari over the weekend.

    One final point. When Cramer promotes a stock as he has with BMRN, buy Puts for protection. No place to go but down!

    Sentiment: Hold

  • Reply to

    BUYOUT RUMORS ARE REAL

    by coolmarty Mar 27, 2015 8:58 AM
    kiwimission kiwimission Apr 1, 2015 12:25 PM Flag

    It's down $12.50, give or take a few pennies since the called rumored buyout. To your point, yes it could go up but it didn't. Rumors are what they are; rumors!

    Yes, BMRN does appear to have a strong pipeline, but they're not approved drugs for the marketplace.

    The reason the stock is down is pretty obvious. Those who chased the stock up are out. Even Monday when the market was up 290+ points, BMRN could only manage a sixty-five cent advance. Whoopee!

    To my point. Don't chase rumors and forget 99.9% of Cramer's garbage. He's your pro of pros for pumping. Let the marketplace determine the value of BMRN based on science, not some nitwit writing for Seeking Alpha, who has an agenda!

    I'm still long and will remain. Didn't buy the new Ferrari and won't chase the stock. I've got enough.

    Yes, in the end it could be the ultimate lotto ticket; just not today.

    Good luck!

    Sentiment: Hold

ONXX
124.700.0000(0.00%)Sep 30 4:00 PMEDT