When I finally sold all of my common stock at the $1 to $1.20 area, I thought I was being shortsighted too.
Of course I went into the bonds, which may end up being just as bad. At least with the bonds I get to see some money come back...for sure at least a couple of payments. Most likely the bonds continue to be paid until TC is down to $75m or so cash on hand...so they should be good until end of 2016.
It is all really a river of YahooCrap though isn't it?
And we thought profits were going to come from HCV
Eh, I don't know anymore. I haven't actually put any money into mining or oil in months except for a recent purchase of 2019 TC bonds at $61 or something.
I will be so happy if copper rebounds, TC gets back on track and the shares go to $2 and the $61 bonds go back to being worth $100.
$0.20 to $2...somewhere around that area.
Think it can't hit $2? If they come up with a solid refinance plan and copper gets back to $2.70, $2 is pretty easy.
Think it can't hit $0.20? If copper stays below $2.30, or falls to $2 and TC keeps playing bond games, $0.20 is pretty easy.
How long does the battery last on a Tesla in Fairbanks when the temp is -50? Hope you have blankets in the car!
It isn't going to take 3-5 years for Gilead to get back above $104. More like 3-4 weeks at most.
I don't care if Gilead goes to $80, it will be back over $100 soon enough, when they report earnings.
Technically that would only be half of the remaining buyback kitty.
20% on the IBB maybe, which would translate to about a 10% drop in Gilead from here. Shares would be sucked up in a week time period at that price ($90 a share)...The $15 billion buyback would vacuum up most of them.
Seriously. They said most (65%) of the biotech companies make no earnings.
Gilead should not be in the IBB. Gilead makes more earnings than most of the companies in the S&P500.
They should put Amazon in the IBB.
Hope they are buying.
Over 1.5 million shares sold by Apple insiders in the last 6 months. Why is that?
Insiders who have a lot of stock sell it...its what they do. At almost every company.
If you were to go back two years ago when Gilead was $60, you would find insiders who sold. What do you think of that?