The slow but steady accumulation by a small group of insiders (Dr. Frost, et al) is what will eventually create the conditions for a short squeeze, but there will have to be a catalyst to start the process. What just happened with Merck and Cubist shows what Opko holders can probably expect if Pfizer decides they want to own the company outright. Be patient.
I think you might have to wait for MMP to split before you see it in the low 60's again. The low on Oct 13 was 66.36 (if my memory is serving me), and it dished up a second opportunity to get a bargain the next day. After that, it didn't go below 70. You might get another chance in the 70's if we have another big sell-off, but I'm not holding my breath on that. EPD is still a compelling value here and especially on dips IMO.
I congratulate you for at least having the sense to have opened a Roth IRA, but I still have to question how seriously you take your money. Your statement "I feel like I can play around for a little while before I have to get really concerned" worries me. From an investment standpoint, now is the most important time to take investing very seriously. Time is your best friend or your worst enemy, depending on how you use it. If you want to play around with some of your money, you should be thinking of doing that when you're 60, not 20. Now is when you should be laying the foundation of some well thought out investments that you can hold for 40+ years. Think VTI, for example.
Good luck, and have a happy holiday.
I'm familiar with the insider transaction reporting by Yahoo, but it does not appear to report on a daily basis. The last transaction I see is dated Dec. 17. The post above says "yesterday". That's what makes me question its veracity. As far as I know, insiders are only required to report transactions on a monthly or bi-monthly basis. Why would Dr. Frost (or anyone else) report more often than required by SEC rules?
I love messages like this one. They just confirm my conviction that OPK is headed higher. A lot higher. When the shorts have to resort to trying to brainwash everyone else, it shows their desperation. When will they ever learn how counterproductive these imbecilic posts are to their cause?
How do you know? Where does this information come from? Is it verifiable? (It's not that I don't trust you, but I don't trust anyone.)
Pre-market trading is meaningless at best. Hope to get a reflex rally, but trading will be somewhat crazy for at least a few days. Cramer sowing the seeds of panic as he usually does. After the recovery, he'll pretend he never said anything negative, and it was all a misunderstanding.
Yesterday was a great buying opportunity. OPK was undeservedly dumped with GILD and other big biotech names. That created a shakeout that clears the way for a move to over 10 short term. Shakeouts are healthy as is OPK.
The slaughter in the bio tech sector is killing all the Primecap funds including those they run for Vanguard. I hope they didn't stay too long at the party, but these guys will adamantly refuse to bail no matter what. I have a feeling the sell-off will have run its course fairly soon, making this a buying opportunity.
My rule is to only own the ones that are not run by outside managers to whom they have to pay big fees. That leave more money to be distributed to the unitholders. The old saying is: You get what you DON'T pay for. MMP and EPD are presently my only holdings in this business.
That was a typical Jim Cramer call. The name "Roof Leaker" implies to me that something is BAD and should be avoided. At the time (12/1/12) MMP was around $80. That has now proven to have been a great buying opportunity. As usual, Cramer was dead wrong! Just like when he kept saying the pipelines were in a "treacherous, treacherous, treacherous" market when MMP was around $70 and below in October. CRAMER'S THE KISS OF DEATH! When MMP gets over $90, he'll probably be screaming to buy it.
Go here: http://www.reuters.com/article/2014/12/23/us-health-usa-expressscripts-idUSKBN0K10A620141223 for an explanation of why AMGN, GILD and many others are tanking big time.
Maybe that's why GDP growth shot up to over 5% which is being attributed almost entirely to increased consumer spending. When it comes to the cost of gas, even the most clueless sit up and take notice.
What drop? It was up today in line with the market. I think it goes ex tomorrow, but I'm not positive. It looks as if Dan Weiner has the dates messed up in his newsletter.
Insiders are prohibited from buying or selling within 30 days of the release of non-public information or forfeit any gains made plus a hefty penalty. That's to prevent front-running. How long did Martha Stewart spend in federal prison for violating that law? Dr. Frost knows and follows that law scrupulously. Whenever he suspends his buying, you can presume an announcement is coming soon. Anyone foolish enough to be short OPK shouldn't be allowed in public without adult supervision. I like the shorts. They're pushing OPK higher and will continue to do so with a lot more urgency as panic sets in and margin calls arrive. This is the beginning of the end for the shorts. It's fascinating that the biotechs got clobbered today on the GILD pricing news, but OPK still managed to gain nicely.