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Amgen, Inc. (AMGN) Message Board

skinz4q 374 posts  |  Last Activity: 1 hour 51 minutes ago Member since: Dec 25, 2005
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  • skinz4q skinz4q Mar 17, 2015 11:16 AM Flag

    That's very true, but he got us into a war in Iraq that killed about 4500 U.S. service personnel and cost trillions of $$$. But he kept us out of a "nucular" (sic) war.

  • Reply to

    AMGN split 2 for 1

    by neelb2001 Mar 16, 2015 4:37 PM
    skinz4q skinz4q Mar 16, 2015 8:16 PM Flag

    AMGN will split right after REGN splits. What does a split accomplish? Absolutely nothing! When was the last time BRK-A split? Has it hurt the stock price being over $220,000? Has BRK-A ever paid a dividend? Companies don't split their shares the way they once did. In fact, they consider it a badge of honor to have the share price in the triple digits or even in the quadruple digits. They don't want the nickle and dime retail investors who bounce in and out of the stock at the drop of a hat. They want the institutional investors who take a position and stick with it. Sorry, my friend, but you're living in the past. I got my splits in the 1980's and 90's. My original 200 shares are now 9600 shares. That's plenty for me. When they get up to quadruple digits, then they'll amount to something.

  • Reply to

    Finally bought in at 155.17

    by exit161gsp Feb 18, 2015 3:03 PM
    skinz4q skinz4q Mar 16, 2015 1:45 PM Flag

    You're off to a good start... presently $162. I've owned AMGN since 1987 and have no plans to sell. If you're looking for quick, small profits, you're on the wrong track. This is a buy-and-hold stock if ever there was one. Just add to it when it drops, and then hold on for the ride. It's impossible to know how high it might eventually go, but I'll bet you'll be kicking yourself if you get out at $170. The biggest mistakes I've made in 60+ years of investing have been selling good companies too soon and then watching them soar ever higher. Follow the old adage: "Ride your winners, and dump your losers." Most of all, BE PATIENT!

  • Reply to

    OPK WILL BE BOUGHT OUT BY SEPT 2015

    by trayvonsoetoro Mar 13, 2015 11:28 PM
    skinz4q skinz4q Mar 15, 2015 12:42 PM Flag

    Thinking about a buyout is focusing on the short term. It indicates a short attention span and get-rich-quick mentality. A lot of money has been made in biotech by betting on buyouts, but the really huge money has been made by those who owned and stuck with the Regenerons of the world.

  • skinz4q skinz4q Mar 14, 2015 4:52 PM Flag

    Compared to SHAK, Micky D's is about as much fun as getting hit by a bus.

  • Reply to

    total account decrease now 32%

    by iluvbjhsat Mar 14, 2015 9:31 AM
    skinz4q skinz4q Mar 14, 2015 10:02 AM Flag

    When you see a solid investment like EPD decline as much as it has recently, that's usually a terrific opportunity to add to it unless the fundamental situation has changed radically and permanently. There will come a day when cars, trucks, planes and trains will no longer require fossil fuels, but I don't see that day coming for at least another 10 to 20 years. In the meantime, the ability to move fuels safely and cheaply will be essential. The recent sell-off in MLPs appears to me to be overdone and temporary.

  • Reply to

    Good time to short airline and oil stocks

    by lakools Feb 26, 2015 12:25 PM
    skinz4q skinz4q Mar 13, 2015 6:54 PM Flag

    I certainly did not mean any hostility, and I sincerely apologize if that's the way I came across. Some companies have used snow storms to blame for poor performance, and it's usually a bogus excuse. Take MCD, for example. They had lousy numbers during the winter, but they did just as poorly when the weather was beautiful. The excuse disappeared, and now the CEO has also disappeared. The former CEO of JBLU disappeared as a direct result of a weather related event that had serious repercussions that lasted far longer. The present JBLU proves that things like that are fixable, but they take time to mend. My only point was that stock prices are usually forward-looking, and snow storms are past history.

  • Reply to

    MMP is getting ready...

    by bodjango2003 Feb 24, 2015 4:55 PM
    skinz4q skinz4q Mar 13, 2015 6:09 PM Flag

    It looks to me as if the drop is more due to the widely held expectation of higher interest rates this summer or fall. Rates haven't moved up since June, 2006. That's an extraordinarily long time for the Fed to hold them artificially low. The Fed is paranoid with the fear of crushing the recovery as Greenspan did when he raised rates too soon and too fast. This time, I think they waited too long to start raising rates. Regardless, I consider the MLP group to be almost like bonds or other income investments in having an inverse correlation with rates. Oil prices have far less of an impact on MLPs than on the drillers or the oil services companies.

  • Reply to

    Good time to short airline and oil stocks

    by lakools Feb 26, 2015 12:25 PM
    skinz4q skinz4q Mar 13, 2015 3:56 PM Flag

    Snow storms are finished. That's ancient history. Stock prices are a predictor of the future. You've got it backwards. Just because oils and airlines moved in the same direction for a day or two doesn't mean that's the new pattern. Transports have, and always will be, a reflection of oil prices. Oils go down, airlines go up. Oils go up, airlines go down. That's the law. More or less the same for the truckers and rails, but the connection is not as consistent. Traveller has it right; airlines are almost the same as a short on oil. Goldman Sachs is predicting $40 oil. If they're correct, airlines still have some room to run. As a group, airlines might not be as cyclical as they had been in the past. Consolidation has given them some breathing room to raise fees, especially since most of them follow the same rules on extra charges for everything except breathing the air. That comes next.

  • Reply to

    Jack Ma is a sneak oil sales man, run away from him

    by ssam Mar 12, 2015 3:57 PM
    skinz4q skinz4q Mar 13, 2015 2:39 PM Flag

    Do you mean SNAKE oil???? If you want to be taken seriously, learn to spell.

  • skinz4q skinz4q Mar 13, 2015 2:35 PM Flag

    I tried to get in the other day and couldn't get in the door. Way too crowded. Had to skip lunch.

  • Reply to

    Dow down 250 pts and opk still holding up

    by k77serpent Mar 13, 2015 11:42 AM
    skinz4q skinz4q Mar 13, 2015 2:24 PM Flag

    I'm 100% red except for OPK. I guess Dr. Frost doesn't know today is Friday, the thirteenth.

  • Reply to

    bottom is dropping out.

    by nadsmis Mar 9, 2015 3:44 PM
    skinz4q skinz4q Mar 13, 2015 10:11 AM Flag

    I attribute the drop to a general expectation that the Fed will allow interest rates to rise sometime this summer or fall as the economy continues to recover and employment holds steady. Inflation is still low with stagnant wages and low oil prices, but rising interest rates will hurt bonds and all other "income" investments (such as MLPs.) Most MLPs are thinly traded, so a little selling has a greater effect. Even a 7% yield isn't enough to blunt the impact of a rate rise.

  • Reply to

    So let me get this....

    by kipnlnbest Mar 11, 2015 3:45 PM
    skinz4q skinz4q Mar 13, 2015 9:38 AM Flag

    I suspect that the cause for the recent drop has little to do with any secondaries. Instead, I attribute it to the expectation of rising interest rates sometime this summer. The Fed is still on hold, but with the strong employment data (except for stagnant wages) there's talk of a modest change in policy. It might be nothing more than eliminating the word "patience" from the statements, but that might will be enough to panic the bond and income markets. MLPs would be directly impacted by any sign of rising rates.

  • skinz4q skinz4q Mar 12, 2015 12:09 PM Flag

    I've said again and again that a large short interest can be the long's best friend. I still strongly suspect that a big portion of the short interest in OPK is probably hedged with calls. If it were not, they'd have been long gone by now. It was the big short interest and the blizzard of negative posts on the m.b. that attracted me to buy OPK in the first place. If the shorts were trying to drive away buyers like me, it backfired badly. I have a big profit; what do the shorts have to show for their trouble?

    Sentiment: Buy

  • skinz4q skinz4q Mar 12, 2015 11:55 AM Flag

    Why is everyone complaining? Just saw JBLU at $18.10. That doesn't look too bad to me. In fact, it looks as if it's about to get a takeover bid. Anyone want to guess who the suitor might be?

  • Reply to

    So let me get this....

    by kipnlnbest Mar 11, 2015 3:45 PM
    skinz4q skinz4q Mar 11, 2015 3:47 PM Flag

    Whatever caused it, this is getting painful.

  • Reply to

    The shorts control opko stock

    by chuck_2_2000 Mar 11, 2015 7:31 AM
    skinz4q skinz4q Mar 11, 2015 1:14 PM Flag

    For every short seller, there's a buyer. For every buyer, there's a seller (short or long.) It takes two to make a trade. It's the longs that control the stock. If the longs refuse to sell, the shorts are eventually forced to cover. The one person who understands this best is Dr. Phillip Frost, MD. Buy it, put it away, and refuse to sell it. It's all a game of supply and demand.

  • Reply to

    Long Term is hard to tell for OPK

    by jblau1 Mar 11, 2015 9:15 AM
    skinz4q skinz4q Mar 11, 2015 1:05 PM Flag

    Anyone who listens to Cramer deserves to be taken to the cleaners. He's a professional tout, a shill, a fraud, a huckster, and an idiot. Watch him for entertainment only, but don't take anything he says seriously. Ignore this advice at your peril.

  • Reply to

    K-1 Question

    by melodius27 Mar 5, 2015 4:40 PM
    skinz4q skinz4q Mar 10, 2015 12:27 PM Flag

    I have a question in answer to your question: Why do so many people hold a tax-sheltered investment in a tax-sheltered account? It seems to make no sense to me. It strikes me as being like holding a Muni bond in an IRA.

AMGN
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