depends onwhom you ask - if you ask Marc Faber, he will say that there is a 20-30% chance that the sky will fall before tomorrow.... forecasting is so easy...
We still have 2 hours 30 minutes for the close. No surprises if it comes back up rather than go down more. folks laughing in the morning might as well be crying in the evening or vice versa - of course, tomorrow is another day
I fail to understand why they have that moron on CNBC, unless of course they want him to just talk so that they could buy cheap. He has been barking the same tune for such a long time now... well I have 2 prediction to make too -
1) the market will be up and down, from where it is now during the next few minutes
2) it is going to rain anytime
I am betting that Einhorn has been buying hand over fist since Friday when it started dropping. MU is one of his best bets to make up for the loss in his short positions. He is probably smiling now thinking of where the stock will be in 12 months.
I say back to 33 and beyond.
Give it a day or two and with favorable economic news, it may go past the 33.9 resistance by end of week.
The Fed's Script is more or less known - no element of surprise there. GDP numbers are going to be better than Q1 for sure and may just beat estimates for Q2.
Price drop is all part of the game - to buy cheap and then sell after a week or two.
Watch how Wall Street plays the game - it is down for no reason. Wait till 10.00am and watch it come back...later during the day...Simple as that.. they are trying to take it down so as to buy it cheap and in a couple of days when GDP report is out they sell at higher price
No long expects OPK to double overnight/triple just because of Rayaldee. It will be a stepping stone to achieving a higher pps that will rise exponentially as products come to market. With a strong pipeline and presence in diagnostics, potential for vaccines etc. give OPK 3 to 5 years and come back to compare where OPk was/is/will be
Another point worth noting - Not sure how many have got the bonanza with Puma today. It is more or less a opportunity that is gone. In the meanwhile, there are many guys who have bought OPK at 4 to 7 range and even if you buy now at today's price and give OPK 3 to 5 years to become big (on products, revenue and profits), then it is difficult to imagine the pps. At least a 5-8 bagger from the current pps . That would be a 10-15 bagger for those who bought in 4-5 range.
Puma is the present/past, OPK is the future
Every news that OPK puts out has been positive. By now you must be knowing something about Puma Biotech and how it has wiped out the shorts. Get ready to be wiped out or blown away when OPK delivers the fatal news to your short position.
By the way, do not look for Bryan to support you when it happens - he will be busy finding/searching for something to wipe his #$%$ because he wont have enough $$ to buy toilet paper.
I know how Billy operates - so I bought calls yesterday and just sold them for a 230% profit.
Billy is a money maker for me - LOL