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Amgen, Inc. (AMGN) Message Board

skinz4q 193 posts  |  Last Activity: 8 hours ago Member since: Dec 25, 2005
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  • skinz4q skinz4q Oct 15, 2014 8:00 PM Flag

    You're being way too pessimistic and showing signs of panic. Get control of yourself. When I see posts like yours, I know the bottom is near. Panic is the greatest enemy of your wealth. Buying opportunities like this don't come alone often enough to suit me, and I'm taking full advantage of this one while there's time. Put your open, limit buy orders in well under the market, and just stop watching it. I bought MMP that way at $67 yesterday, and look at it now.

  • Reply to

    split zone

    by soupbone15 Sep 8, 2014 10:44 AM
    skinz4q skinz4q Oct 22, 2014 3:37 PM Flag

    Anything's possible, but what will you gain? Splits don't serve any practical purpose other than to provide a "feel good" moment. Has a high price hurt BRK.A? Perhaps when AMGN catches up with REGN, it might make sense. Fundamentally, you'll still own the same thing.

  • skinz4q skinz4q Nov 12, 2014 1:38 PM Flag

    If you go short at $119 and cover at $115, you wasting your time. The risk/reward isn't worth it. If you can't make at least 10% on a short sale, you'll get killed overall. There are too many times when you'll be wrong and be forced to take big losses. Many small gains and a few big losses will wipe you out. I've been in this for over 60 years, so I learned the hard way. Better to buy cheap, put it away and hold for the long term. That's how the big money is made. If you think you're too smart for that, then you've proven you're a fool. We'll talk about it 60 years from now when you've seen what I've seen.

    By the way.... Cramer is THE KISS OF DEATH. If Cramer says it can't go above $120, then it's a raging buy at $120! Whatever Cramer says, it's more likely than not to be wrong, wrong, wrong. On or about October 13 or 14, he was screaming about the TREACHEROUS, TREACHEROUS, TREACHEROUS market, the end of the bull market, the beginning of a huge sell-off of unimagined magnitude. That was the best buying opportunity in over 5 years. Cramer is the best contrarian indicator I know of. He's nothing but a professional tout. Beware of people who constantly scream and wave their arms around.

  • Here's my take. From the intraday high to the intraday low, the broad market dropped almost exactly 10%. By definition, that's a "correction." The market may re-test the recent lows, but I believe they will hold. Unless something untoward occurs, we will be in for a brief period of consolidation which will open the door to a full-blown resumption of the secular bull market we are presently in. MLPs trade very much in their own universe, as evidence by the trading last week. Some corrected by well over 10%, but the reversal was just as dramatic as the sell-off. Take a look at MMP, as a good example. From the recent intraday high of $87.50 to the intraday low on Tuesday of $66.36, it corrected by well over 10%. Within 3 days, MMP was back up to $81.48. Some MLPs have very thin markets that provide unusually wide spreads that can give patient traders some great opportunities to grab bargains. It takes some guts (and cash), but having open orders, laddered down, well under the market, can prove to be extremely profitable. When the price starts to collapse, don't panic and cancel your orders. Leave them alone. Don't let buffoons like Jim Cramer cause you to panic. Set up your own game plan, and stick with it. Stop watching CNBC. Turn off your computer. Take a laxative. Watch a movie. JMHO.

  • skinz4q by skinz4q Nov 20, 2014 10:03 AM Flag

    A quick look at the MMP performance history shows the following (with distributions reinvested):
    1. A $10,000 investment 10 years ago, would be worth $107,038 today.
    2. Total return was 970.8%
    3. Annualized return was 26.76%
    (Without distributions reinvested):
    1. A $10,000 investment 10 years ago would be worth $70,300.
    2. Total return was 602.8%
    3. Annualized return was 21.54%

    Lesson learned:
    Don't mess around with trying to trade in and out and time the market. You'll only incur capital gains taxes that will inevitably reduce your overall return. Buy it, hold it, and reinvest your distributions (unless you need the income.) When you find an awesome company like MMP, don't let it go. Add to it on dips and resist any temptation to sell.

  • Reply to

    Sold Today

    by blackcrow78888 Dec 15, 2014 3:19 PM
    skinz4q skinz4q Dec 16, 2014 2:45 PM Flag

    The old adage is very true: "Ride your winners, and sell your losers." Once the tax-loss selling is finished, EPD will likely lead the whole group higher. The energy sector has gone through times like this and always come roaring back. EPD is well positioned and financially strong and widely considered to be one of the best managed MLPs.

  • skinz4q by skinz4q Dec 2, 2014 8:35 AM Flag

    ...the kiss of death! As long as he's touting BABA, it's garbage. Cramer and the Chinese... I don't trust either of them.

  • Reply to

    Time for a split!!!

    by lylejr Sep 24, 2014 2:21 PM
    skinz4q skinz4q Oct 1, 2014 3:32 PM Flag

    Why not make it 10 for 1 or 20 for 1 while you're at it? If they get the price down low enough, they might be able to sell them a side order with a Big Mac. They could just wrap the double cheeseburgers in stock certificates.

  • skinz4q skinz4q Oct 24, 2014 4:54 PM Flag

    I think joe was trying to quote CNBC, but he can't find the quote marks on his keyboard. Doesn't matter.... I take everything said on CNBC with a very small grain of salt. I hardly even listen to myself anymore. It's all lies.

  • Reply to

    PRICE DROP

    by cda4shore Oct 14, 2014 10:33 AM
    skinz4q skinz4q Oct 15, 2014 10:20 AM Flag

    Don't panic! Resist the urge to dump and run. Now is when you should be buying, not selling. This drop is not the end of the world (but it sure looks like it.) Put in open buy orders well below the market and pick up some great bargains. Exports are going to be important to a price recovery in oil to take the oversupply off the domestic market, and EPD looks to be way out ahead with the takeover of OILT. IMO, that will turn out to be a brilliant move.

  • Reply to

    Stock is going to 200 and then some

    by pksgrady Nov 8, 2014 11:48 AM
    skinz4q skinz4q Nov 20, 2014 1:22 PM Flag

    Trying to set a price target is senseless. It's anybody's guess how high it can eventually go. Just sit back, relax and go along for the ride. If you're ever tempted to sell, just take a laxative and wait for the urge to pass. I don't see any plausible reason to ever sell this stock. Anyway, my gain is so huge that the taxes would kill me. After owning it for nearly 27 years it has become part of me. I'll let my heirs figure out what to do.

  • Reply to

    Biotechs a massive slaughter on the street

    by kopach Sep 25, 2014 12:01 PM
    skinz4q skinz4q Oct 22, 2014 3:27 PM Flag

    If this is a political rant, I suggest that you visit the GE message board. This is the Amgen board. Let's keep it that way, please.

  • Reply to

    Keystone Pipeline

    by cda4shore Nov 7, 2014 11:34 AM
    skinz4q skinz4q Nov 7, 2014 6:16 PM Flag

    EPD is great with or without Keystone. Just buy it and put it away. Trying to time it is a fool's game. The past few days provided an excellent buying opportunity to either start a position or to add to one. Use the DRIP and take advantage of the 5% discount.

  • I was totally mistaken when I once said that the people on this board seemed to be a lot more intelligent and open-minded than those on most other boards. You're all a bunch of total idiots. If you are so wedded to your right-wing ideology that you don't care to know why pipeline companies are falling out of bed since early Friday, so be it. I'm out of here!

  • Reply to

    I bought this in August been straight up from

    by girgswinson12 Nov 22, 2014 4:04 PM
    skinz4q skinz4q Dec 2, 2014 12:49 PM Flag

    You'll be sorry. It rarely pays to go against a strong trend, especially when going short.

  • skinz4q skinz4q Dec 9, 2014 12:45 PM Flag

    First, he was blamed for high gasoline prices. Now, he's being blamed for low gasoline prices. Then, he was blamed for U.S. dependance on foreign oil. Now, he's being blamed for U.S. energy self-reliance. Could it be that a black president can never do anything right? Cheap oil is providing a bigger economic boost than any tax cut ever could. The savings go directly to benefit the vast majority of people and businesses. The only sector that's getting hurt is big oil multinationals and the Koch brothers (along with Russia (Putin), ISIS, Nigeria, Venezuela, Iran and Saudi Arabia.) That's only temporary since they have already bought and paid for the federal and state governments that they now own. Cheap oil amounts to nearly a trillion dollars annually in economic stimulus without even a hint of a tax cut. Yes.... nice job Obama. The stock market has made me more money in your 6 years in office than I ever dreamed possible. I made back everything I lost under Bush/Cheney many times over.

  • Reply to

    Effect of Price of Crude

    by jane_dunnie Nov 27, 2014 1:43 PM
    skinz4q skinz4q Nov 28, 2014 8:01 AM Flag

    Great question! I expect more of an effect on unit (stock) price than on overall business activities. It's all about emotions. Longer term, history has taught us that abnormal price swings in essential commodities are eventually corrected by market forces (and greed.) We've seen it in both directions (up and down), and the result has always been the same. Give this a year or two, and we'll be complaining about high oil and gas prices. The need for fossil energy is not going away anytime soon. Therefore, the need to be able to move the commodity will remain. Those who are predicting $30 crude are being irrationally emotional. I predict we'll see $130 crude before we see $30 crude. It's like constipation; this too shall pass.

  • skinz4q skinz4q Dec 8, 2014 11:43 AM Flag

    Try as it may, OPK has not been able to penetrate below $8 since May. Since then the lowest it has traded was $8.02 in mid October when the overall market was crashing. The support has been relentless. OPK has all the hallmarks of a stock about to break out in a big way. The shorts could add fuel to the fire once it breaks above $9.50. $10 will be the real test and could mark the beginning of something much bigger. I was a big buyer of LUV at $7/8 and JBLU at $6/7 when they were displaying very similar patterns to OPK now. Relentless accumulation and persistent support finally tipped heavily on the upside. With the healthcare sector having a big move, OPK could be ready to join the party. There's tremendous room for it to catch up from here. Dr. Frost isn't getting any younger, and he's a very shrewd cookie. He didn't get to be a billionaire by making stupid mistakes. The shorts are playing a very dangerous game that could be fatal to their financial well-being.

  • Reply to

    Im out

    by gqgerb Nov 26, 2014 5:58 PM
    skinz4q skinz4q Nov 28, 2014 11:04 AM Flag

    You violated the old adage: Ride your winners, and sell your losers. JBLU still has a lot of room to go higher. It will likely have a correction after today, but this validates the fundamental strength of the airline business in the post-consolidation age.

  • 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.

AMGN
168.48+5.00(+3.06%)Dec 18 4:00 PMEST

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