aw skippy, thanks. You, dragon, private, and a few others were right there with me in the good times and bad. I haven't seen dragon in awhile though...hope his family is ok.
Summer is coming fast as we try to wrap things up here in the NW. Not that I want to go to Florida during the summer but I see time problems ahead if the weather gets much nicer (today 70 and sunny) here in WA state and I decide to go ride my motorcycle instead of preparing for our move.
Should be able to get 10 red thumbs...come on, you can do it!
Soon I will be out of this and you shall be free of my whining. Rejoice!
(of course the only thing discussed nowadays is Bernie)
I did a little penny trading, sold the 2000 shares I bought at $5.75 for $5.94 then rebought 2100 a few hours later for $5.73, now end of day they were $5.99. Essentially all I did was start the day with 5000 shares and end the day with 5100 (I always keep 3,000 shares just in case we get a $10 spike).
It is just little fun trading, like going to the track with a few bucks.
Everyone makes mistakes. If you can admit you had no idea Gilead would blow up your short theory, there is still time to come to the long side and make money.
For those who continue with their short, there will be no forgiveness.
I was expecting TC to go to a buck if copper dropped from $2.50 to $2.20 or $2.30 but with copper where it is now, $1.26 seems a bit too low for TC stock. It should be $1.40 to $1.50 at this level copper/gold.
Expensive cancer drugs....does he even begin to realize how many billions, nay, trillions have been poured into cancer drug research? The failure rate for investors is sky high in cancer drugs.
Yes, sorry if I sounded negative Claude...they have had a great turnaround and it is still going!
I have been burned on miners though so I am not going too deep in any of them. If it goes up another buck I will be happy with my extra $25,000.
$100 for Gilead quite the bargain, even though it doesn't have the upside of Endocyte. They pay a dividend now too.
Still, $5.80 for ECYT....very very tempting...
If I sell 1000 shares at limit $101 and it takes a few minutes to find buyers, someone else is going to put in a limit at $100.75. Then I see the stock drop to $100.75, and I panic and lower my limit to $100.50. Even though there are buyers, the stock can get walked down if sellers are eager.
Gross simplification though...in reality most of this is machine trading.
I am on the fence about going long some calls, perhaps with August expiration. If we dip to the 90s before earnings, I am definitely up for a few $100 August calls.
This is excellent news for the stock and Harvoni. It is very likely other drugs will have similar relapse rates, due to more pills and longer treatment times (non compliance is probably 75% of the reason for relapse).
HCV isn't going to be cured and Gilead may well realize hundreds of billions in revenue over the next decade.
Such complete BS. If you really thought he was 100% correct (not 99%) you would take out a 2nd, 3rd mortgage, go to a payday loan store, and sell your dog to buy as many put contracts as you could. Since you don't do these things, your post is complete BS
I am loading up if we get into the low $90s (have $60k in HSA to invest) but I hope for $110.
If this is the worst investment you ever made, I wish I could have followed your trades. Corning is doing so much better than other stocks I have owned, like Seadrill or (insert any mining stock here)
Now if you said GTAT was the worst investment you ever made, then, well...
I have 25,000 shares of CLGRF purchased at $0.125 to $0.41 but it certainly is not a large portion of my net worth. I stand by my statement, which was not negative on Claude that someone with $2,500,000 in a single stock is either RICH or taking on stupid systemic risk with all of their money (if $2,500,000 is not all of his money, then he is rich!)
This is 2007, Merck is Microsoft and Gilead is Apple. History should be about the same...right now Merck has a higher market cap, just as Microsoft did. Gilead just released the I-phone.