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Amgen, Inc. (AMGN) Message Board

skinz4q 1444 posts  |  Last Activity: 13 hours ago Member since: Dec 25, 2005
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  • With over 85% of North Sea platforms that are still in the planning stages at jeopardy if the price of crude stays steady at present levels, it appears that shale producers are not alone. The difference is that the North Sea producers are free to sell their oil into the world market, while U.S. producers are not. The screams for a repeal of the legislation that prohibits the export of U.S. crude on the premise that this would somehow cause the price of U.S. oil to go up show just how little understanding there is of the price/supply equation. Adding U.S. oil to the world market would further exacerbate the price weakness rather than reverse it. The greater the supply, the lower the price. It's simple economics 101.

    That said, the North Sea oil field is getting near the end of its useful life. It will be depleted within not too many years, and that will cause shortages, particularly in Northwest Europe. That's all the more reason for the U.S. to protect our domestic oil supplies from profiteers who would just sell to the highest bidder. In the event of a supply disruption of Middle Eastern, Russian, Venezuelan or West African crude, the U.S. will have only its own supplies to depend on. Meanwhile, the Scots are breathing a sigh of relief that they didn't win the vote for independence.

  • Reply to

    SNP: buy under $95

    by flip4mac Aug 1, 2014 12:45 PM
    skinz4q skinz4q Dec 19, 2014 6:58 PM Flag

    Well, I didn't buy under $95. What about buying around $80? There seems to be support around this price, and the chart looks as if it could reach par again. What say you?

  • Reply to

    Buy CAT 50.00

    by melodias23 Dec 16, 2014 9:18 AM
    skinz4q skinz4q Dec 19, 2014 1:22 PM Flag

    Before or after the split?

  • Reply to

    Lower oil hurting the pipelines ?

    by wareham2620 Dec 8, 2014 12:56 PM
    skinz4q skinz4q Dec 19, 2014 1:06 PM Flag

    The market is rational. It's the investors who are irrational.

  • AMGN is steaming hot after taking a breather for a few days which created another opportunity to buy. There's no tax-loss selling to get in the way of a move higher before year-end. The dividend increase is a good indication that management is confident of their ability to continue to move the company forward.

  • skinz4q skinz4q Dec 19, 2014 11:12 AM Flag

    Dr. Frost has no intention or desire to take OPK private. He's grooming the company to do a stock swap takeover by a much bigger pharma (think Pfizer.) If he wanted to take it private, he'd have done it a long time ago. He's in his late 70's and wants to leave his estate with as little tax burden as possible. Let's not get carried away with absurd theories. He's a very savvy, shrewd businessman who will maximize the value of the company with the least tax consequences. He'll look out for himself first and foremost; the shareholders are just along for the ride. Enjoy it.

  • Reply to

    OPKO is easily the next REGN = 20 BAGGER

    by opkmomomanagement Dec 19, 2014 10:56 AM
    skinz4q skinz4q Dec 19, 2014 11:04 AM Flag

    Don't count your chickens before they hatch. Take it one day at a time, and be happy with what you get.

  • Reply to

    The Point of No Return

    by miamianne67 Dec 18, 2014 6:30 AM
    skinz4q skinz4q Dec 18, 2014 8:34 PM Flag

    Let's not count our chickens before they hatch, but I'm very optimistic about OPK. Gene Marcial's article in Forbes today gave my confidence a huge boost. He used to write the Inside Wall Street column for Business Week Magazine before Bloomberg bought it. I made the biggest and fastest gain of my life on one of his extremely timely takeover tips (Conoco). He said in his article today exactly what I've been saying here for several months. Marcial became a legend with his column. So much so that there was a big scandal (that he had nothing to do with) in which postal employees were seeing his column before the magazines were delivered and passing along information about which stocks were mentioned in his column. The group would front-run the day before and dump the next day at an almost guaranteed profit. He had more clout than he wanted, but his research was usually spot on. Read the article if you haven't already done so.

    Sentiment: Strong Buy

  • Reply to

    Lower oil hurting the pipelines ?

    by wareham2620 Dec 8, 2014 12:56 PM
    skinz4q skinz4q Dec 18, 2014 6:40 PM Flag

    The big mistake you're making is that you're looking at the short term price swings and losing sight of the longer term picture. Look at the fundamentals of the company and judge it from there. Don't let the short term noise drown out the ultimate objective. MMP is highly volatile. If you can't stand the volatility, buy VTI instead. I've been around long enough to have seen mind-blowing swings in the price of oil. It's like constipation; it all works itself out in the end.

  • Reply to

    Sold Today

    by blackcrow78888 Dec 15, 2014 3:19 PM
    skinz4q skinz4q Dec 18, 2014 6:03 PM Flag

    You should take a look at LNCO from the standpoint of someone who does not own it. Think about whether you would be willing to buy it at today's price. If you think there's a realistic chance for recovery, then you should be buying more to bring your average cost down. If you liked it enough to buy it at 50, then you should probably love it at 30 (just hypothetical numbers). If you loved it at 30, and it goes down to 10, you should buy all you can afford. On the other hand, if you think the picture has changed, and it's not worth today's price, you should think seriously about selling before it goes lower.

    I bought PBR at 40. I bought more at 30. I took another look when it got down to 20 and decided it was probably going a lot lower. The whole story had changed radically. I got out and took my loss at 18. PBR is now in the 6 range. By taking a loss, I saved myself a lot of money. I don't like taking losses, but sometimes taking a loss is the only sensible thing to do.

  • Reply to

    Sold Today

    by blackcrow78888 Dec 15, 2014 3:19 PM
    skinz4q skinz4q Dec 18, 2014 5:52 PM Flag

    AHHA!!! You just put your finger on the problem. They print more money every day.... right! The more they print, the less it buys. That's the principle of inflation. Money that is not earning money is losing value every day as more and more money is printed. If you're not making at least the rate of inflation (the REAL rate, not the government's make-believe rate), you're losing. There's only one thing you can get without money.... sick. If you want to get better, it costs a fortune. Take money seriously. It's not a joke. Unless you have more than you will ever need, the day will come when you'll wish you had taken my advice.

  • Reply to

    Ex-Dividend Date

    by skinz4q Dec 18, 2014 1:46 PM
    skinz4q skinz4q Dec 18, 2014 5:11 PM Flag

    According to Nasdaq, the ex- date is 12/18, record date 12/22, and payment date 1/26/15. 23 cents. I just looked it up.

  • skinz4q skinz4q Dec 18, 2014 5:05 PM Flag

    Yup. I guess that's why my personal net worth has more than tripled under Obama. How'd you do under Shrub?

  • Reply to


    by blatheringgenius Dec 7, 2014 1:50 PM
    skinz4q skinz4q Dec 18, 2014 4:04 PM Flag

    I couldn't agree more! I spent many years in the stock brokerage business back in the 60's and 70's, and there was nothing even remotely like VTI. I'd have been out of business if there had. Now, this is the number one core investment I always recommend to new and old investors alike. Vanguard is more like a public service company for providing such an easy, low-cost way to invest. I also have a ton of money in VTSAX (the open-end counterpart to VTI), but I can't move it over to VTI without incurring a huge tax on the gain. I'm really glad to see people like you who have seen the enormous benefit of this kind of investing. Stick with it through thick and thin, have patience, don't try to time the market, and you'll come out a huge winner in the long term. Remember: BUY THE DIPS! Use corrections to your advantage to get bargains.

  • Looks to me as if GE is Ex-dividend today.

  • skinz4q skinz4q Dec 18, 2014 1:28 PM Flag

    With articles like the Forbes one today, anyone short has to be getting very nervous. A genuine short squeeze could be long and painful or quick and deadly. It all depends on how well financed the shorts are and whether shares are available. OPK is not the kind of stock that it makes any sense to short.

  • Reply to

    Is Frost buys

    by billyteex1 Dec 18, 2014 10:02 AM
    skinz4q skinz4q Dec 18, 2014 12:57 PM Flag

    Looks to me as if Billy was drinking or snorting something before he wrote his post. It's totally incoherent.

    I just found an article, out today, in Forbes by Gene Marcial. For anyone who remembers the old Business Week Magazine, he wrote a weekly column called Inside Wall Street in which he highlighted potential takeover candidates. Based on one of his articles, I bought one of the biggest winners I've ever owned in my life. (It was Conoco, and he was just days ahead of the initial (hostile) bid by Seagram's which started a huge bidding war that drove Conono from about $42 all the way up to about $110 in a matter of about two months. It was eventually taken over by a little chemical company called duPont.) After that column, Gene Marcial became a major force to be reckoned with on Wall Street. His columns became self-fulfilling prophecies from then on. Companies that didn't even know they were being stalked suddenly found themselves the targets of takeover attempts, both hostile and friendly. Seeing this article is a game-changer for me. Gene Marcial is a legend in his own time.

  • skinz4q by skinz4q Dec 18, 2014 11:19 AM Flag

    It's strange how EPD and MMP often move directly opposite each other for no apparent reason. It's as if they were in totally unrelated industries.

  • Reply to

    Biotech slaughter this week.

    by kopach Dec 13, 2014 2:18 PM
    skinz4q skinz4q Dec 17, 2014 7:03 PM Flag

    Short AMGN at your own peril.

  • Reply to

    Cramer is saying SELL,SELL,SELL....Booyah!

    by jackdnls76 Dec 13, 2014 6:55 PM
    skinz4q skinz4q Dec 17, 2014 6:51 PM Flag

    If Cramer says to sell, that means it's time to buy. I feel better already!

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