well, six months from my original post about CUR and its making new 52wk highs today. Almost a double so far. Look for yourself. This company is shaping the future of medicine. They are doing amazing things with patients with ALS.
Sentiment: Strong Buy
Dar, I dont have level II. If you do, can you tell me how many MMs are on the box? I too am trying to find reason for the sky high price. Maybe 2 to 3 MMs trading all the volume could help explain aamc. Thx
Lighten up Francis. I never said that a reverse split = a short squeeze. However, if and when a short squeeze occurs post reverse split, it will be more violent. And another thing shortie, I am a long term investor so a 1 and 5 month time frame is short term in my book.
I think it does. Obviously all the ratios stay the same, but less supply leads to more volatility - especially when it comes to short squeezes. Example - Citi and AIG. Both had large short positions, both had reverse splits, both ripped higher shortly after. There are more examples that I cant think of right now. This also should silence the uneducated dilution freaks.
I like the idea of shrinking the float. That in effect tightens the noose even more around the neck of the shorts. It also plays into the AAMC effect - I hope
Stephen Hawking is hosting a show called Stem Cell Universe airing on science channel next Monday. I think he visited their lab and interviewed some dude from actc
Fairly interesting article from Bloomberg a few weeks back discussing surge in medical real estate deals due to obummer-care. Not sure if I agree that anything positive will come from that legislation but a good read.
I know I am a nutcase for responding to my own post but so what. Just a reminder that every portfolio should have a high spec stock in it. CUR has rallied about 60% since original post. Just take a look at ICPT today for an indication of what is possible.
Just started to take a look at this one today, mostly because its a NNN reit and pays monthly div. I have not come to any conclusions yet but was wondering if anyone on this board has taken a look or is long already.
NorthStar Realty Finance (NYSE: NRF) is higher today on the back of a price target hike and positive commentary at Deutsche Bank.
Deutsche Bank's Stephen Laws reiterated a Buy rating and raised his price target from $12.50 to $16, citing a new sum-of-parts valuation.
"... we expect the REIT to trade at 1.15x post-deal adjusted BVPS of $7.43 and expect NRF AM to trade at 18x our 2015 CAD estimate of 42c/sh," Laws said. "We expect proceeds of the recent offering to fund new investments in the REIT and expect NRF AM to grow cash flows from growth in the non-listed REIT, equity raises by the REIT, and ROE expansion in the REIT. Additionally, new cash flow streams could be incremental to our estimates."
Does anybody know what happens if these people hold their short positions through the spin off? Are they saddled with a proportionate short position in nrf management as well?
Well nrf currently represents 19% of my total portfolio - much of that due to price appreciation and non-stop drip. I initiated position in late 2008 and continued to add almost all the way to the bottom (avg cost 3.49). I did not bail when you did because I didnt understand the accounting 100% prior to the vie mess. Guess I had faith that the largest shareholder would right the ship and he sure did. I love CEOs with a lot of skin in the game.
My time horizon is also longer than yours (41yr old) so a 50% drop tomorrow would suck but wouldn't kill me. Clearly I want to buy more - I am just trying to get a feel for what % of total portfolio in one stock is ridiculous. I also feel no matter what your age - you ride your winners and sell your losers - re-balancing never made sense to me.
Anyway, I do appreciate all your input and this is the smartest message board on yahoo.
if that happens we all get to retire!! even at a quarter of the aamc multiple. OT, Dar, what do you consider to be position limit in terms of % of total portfolio