Any of the big guys can take this anywhere they want to. Remember, for the big guys it isn't even if it goes up or down, it's just that it DOES go up or down. They make money when it moves (not when is sits flat), and ICPT does move. My guess & my $$$ say we see $300 before we see $200. Time will tell...
Wouldn't it be a gas to see this thing close green & kick ol Herb Greenberg and his crew right where it hurts?
Have you read the side effects of nearly any drug ever approved? It takes 20 seconds of a 30 second television commercial to list them all, and you shake your head and say, good Lord it sounds as if the side effects are worse than taking the medicine. Yet, these drugs are approved, sold, and taken by millions every day. Do you really think that someone that is dying from liver failure will worry about elevated cholesterol levels? "Let's not remove the bullet doctor, he's a smoker, he'll probably just die of cancer anyway."
The IBB is very interesting here. An assending triangle between the 200 and 50 DMA's. It's held the 200, if it can take out the 50, then a run above 250 is not out of the question.
Now broken and closed above the 50DMA.....I like it to $250 barring anything really out of the blue.
It might merely be an accounting entry.....it capitalizes retained earnings....but something like 85% of the time the announcement has the stock trading higher into the split, at least temporarily. It's just the way it is. Why do stocks go up when BS ANALysts upgrade them from hold to buy? I don't know why, I just know they do, at least most of the time.
No it doesn't. It ain't gonna happen. (1) Publix is a private company that wishes to remain so. (2) Except for the old All- American Stores (they only had 19) back when Publix only had one store, they have never taken over an entire chain, although they have bought stores from others and had them remodeled. (3) The founding members/children etc are getting up there and there are no more little Jenkins coming along. (4) Publix has concentrated on internal/ organic growth in the SE States. (5) WFM has a Canadian division, a unit it England, and plenty of stores in the West, where Publix has no experience. (6) Publix is a billion dollar company with virtually no debt, and they intend to keep it that way. From it's founding, it's paid cash for almost every thing they ever bought.
Could they buy a few stores? Of course, but I seriously doubt they'd buy the whole shabang.
Publix has never been a public company traded on any exchange. Publix is owned by current and former employees. And yes, the stock is better than gold, record profits year after year.
It doesn't take a genius to know that they're not going to buy a 20+ billion dollar company, with divisions in other countries, when they wouldn't even do it if they were all here. It's just not their style. They are perfectly happy opening 30-50 stores a year and making record profits growing organically.
With all the cheap money floating around, maybe one of the KKR, Cerburis, Blackstone PE types (you know the guys that load a company with debt and then bleed them into bankruptcy) might make a run @ em, but most of those guys are vultures and only come in when they can buy on the cheap.
Greenwise is just their idea of trying to get a piece of the growing healthy food market. Publix has been from it's founding, an upscale shopping experience targeting a more affluent shopper more concerned with quality, shopping experience, service, and value than the cheapest price. Ever notice they put their stores where people have money?
Will they continue to grow Greenwise sections? Probably. Will they go into debt and buy an entire 20+ billion dollar chain with stores all over the place ? Nope, at least not the management I worked with won't.
IBB and other bio's coming back....if this thing can get back above $300...the shorts will be "squozen" once again. Let her rip guys....
I'm starting to buy here just above the 50DMA @ 137 and change. Light volume, no news, and the other bios seem to be holding up okay. The IBB is still looking okay, GILD took a hit yesterday & I bought a little on that pull back too. Needs to hold the 50DMA though.
299.90....come on baby....U can do it. Close above $300 and kick ol Herb Greenberg and his shorties right in the a&&
Of course it's foolish to compare. Wal-Mart is based on price, period. Shopping there is akin to going to the dentist, it's painful. Something like 65% of all food stamp assistance program dollars are spent @ Wal-Mart. Over 80% of their customers make less than 35K a year. It is what it is. They really have no choice but to shop at the cheapest place.
WFM is the other end of the spectrum. People that value time, service, and what they consume go to WFM, but they have to be able to pay for it. It comes @ a price, a price that most of their customers are willing to pay.
I find this info interesting. Things change over time. "Eggs are the single best food for you", "Oh, no they aren't they will kill you." "Too much red meat is bad for you". "It's not the red meat, it's the bun that will kill you." etc.
It's not all about money either. Americans as a group are known for a poor diet, even though they are one of the richest countries on Earth. Travel and it's easy to find many countries whose citizens are healthier than we are, even though they have less money. Balance and moderation is the key. Too much "juicing" , or eating tofu and hummus every day, is just as bad as drinking a couple of Cokes.
Good Lord the cockroach lawyers are fast. They could beat the plane to the scene of the crash.
@ern....if you are even ( ie..breakeven)...and "scared"...why not just lighten up some? It's never good to hold a position that you are uncomfortable with. Why would you do that? The chart is looking better (just pulled off an MACD cross) as is the bio-tech arena as a whole. Low volume indicates not many sellers here. I would suspect if the general market holds this thing could finally move back above $300 soon.
ICPT is still on the hard to borrow list. Almost every morning at the open a couple thousand shares (maybe 20k or so) are forced to buy em in. That is on a normal day which hasn't had any major blowups from outside forces. The MM's rape them by gapping the ask. After the first hour (aka amateur hour) the spreads narrow as the bots kick in. You'll see this happen with many stocks, it's one of the reasons the big guys are so fond of BOC (buy on close) orders. It works on the idea of overall trend, which right now is up in the general market. Of course it's the exact opposite in a downtrend, they SOC.
ICPT moves enough most days to swing trade it, which is what I've been doing for awhile. It's been good to me so far. :)