I'll stick with the age-old adage to "ride your winners, and dump your losers." AMBA has been a huge winner. If you've been in for any time, you have a gonzo profit that will cost a ton of $$$ in taxes thereby leaving you with less $$$ to reinvest somewhere else. I tend to stick with whatever is working. This thing is not cheap, but it will look cheap in the future after it has gone higher.
After the euphoria of the announcement of the divestiture subsides, it will be interesting to see what follows. With rumors of Immelt's demise as CEO, it shouldn't have been a big surprise to see a move to boost the stock in a big way. The only surprise was that the announcement was actually made in the middle of the day before the biggest part of the rally took place. Anyone who was paying attention had a great opportunity to load up late on Thursday ahead of the big move. (I took advantage by canceling a big open sell order I had in for many weeks.) What happens next is anyone's guess, but GE has made dozens of false starts only to fall back in a pathetic heap. Jack Welsh was polite in his endorsement of the announcement, but he sounded less than sincere. I'm sure it irks him to see the part of the company that he put most of his time and energy into building being divested as being a drag on performance. Did Immelt take this move on his own, or did the Board force it down his throat? We'll never really know for sure. I just hope they don't squander this opportunity to get GE stock out the doldrums by going out and doing another Alstrom. In the past, such as when NBCUniversal was sold for a ton of money, the shareholders got nothing. This was clearly a move of desperation to get GE out of the mid-20's where it has languished for years. Hopefully, this time could be different, but only time will tell.
ETP is one of the weakest of the MLPs. Whatever the cause, it's disconcerting to say the least. I wanted to be out before the ex- date, but it doesn't look like that will happen. The thin market is hurting.
GE has been an under-performer for far longer than just 3 years. After trading as high as about $60 in early July, 2000, it plunged to as low as about $7 in January, 2009. My overall cost basis is around $10, and I've been waiting very patiently for some sign of life to reveal itself. GE is a very different company from what it was when Jeff Immelt succeeded Welsh, and it looks to me as if it might finally be ready to start a recovery. I probably won't live long enough to see $60 again, but there's hope it might see $30-35 before I die. Anyway, it will be up to my heirs to decide what to do with it. I'll advise them to use the stepped up cost basis to sell and switch to VTI.
The big question is: HOW LONG WILL IT LAST? GE has made many false starts before only to fall back. I just hope this time is different.
I guess I've gotten defensive from shorts continually bashing OPK trying to get longs to bail out. The more I see of that, the more I buy and the stronger I hold. Bringing up a 3-year-old article (written by a short) just struck me as a thinly disguised ploy by the shorts to take another swipe at OPK.
Fact #1: Dr. Frost owns a ton of OPK. Fact #2: I own a little OPK. Fact #3: If Dr. Frost makes money, I'll also make money. I'm perfectly happy to ride his coattails if that's what it takes. The money will still buy the same things whether he's honest or not. As to the question of how a M.D. can make a huge fortune, that's easy. He's a smart businessman. He obviously didn't make it by taking Medicare patients. He made it with savvy investing. There's nothing dishonest about that. An article from 3 years ago is ancient history, as far as I'm concerned. Regardless, I'm not selling. I only have a few thousand shares, so it's not a big deal either way.
What does March, 2012, have to do with April, 2015? I read that article when it first came out. The guy who wrote it disclosed that he was short OPK, so his opinion was obviously jaded. He was wrong then, and he's even more wrong now. This is pure garbage.
Shorts are not always what they appear to be. They're often hedged with options, so you're only seeing half of the picture. I still see JBLU going higher but not because of the outstanding short interest. I look for indicators like fund ownership, particularly by highly successful funds like the Primecap managed funds. They beat 99% of their peers last year, and they're loaded with JBLU (as well as other airline names.) That's the kind of thing that gets my attention. Whatever Primecap buys, they almost never sell. They just hold until the company is eventually taken over. They're rock-solid, long-term investors, and they're loaded to the gunwales with JBLU.
Correction. You wrote that MOST of his postings are trash. You meant to write ALL of his postings are trash. Other than that, you got it right.
It was Dr. Bryan who convinced me to buy OPK in the first place, and I thank him for that.
BTW Doll, I forgot to welcome you to the OPK message board.
Dr. Frost will probably outlive all of us. He has more stamina and mental acuity than most people half his age. The only sure thing about all of this is that he, and only he, will determine what ultimately happens to Opko. The rest of us can only speculate, and that's not going to influence Dr. Frost's decisions in the slightest. He'll do what he wants, when he wants, and we're just along for the ride.
Dr. Frost's age is well known, but I don't think he's ready to accept that as an impediment to his ambition of building OPK into a major player in the pharmaceutical industry. As I said, it could go either way. The insiders own half the outstanding stock, so they can vote it as they please. That's partly what makes OPK a unique situation. What I was trying to say is that you should not be disappointed if a takeover doesn't happen quickly, if ever. Either way, I believe there is very substantial long term, up-side potential to OPK. The story is just beginning to take shape. Be patient, and you'll be well rewarded.
Looks to me as if the shorts are busy bashing ZU in hopes of influencing (manipulating) the stock. I've seen this before, and it usually turns out badly for the shorts. I love stocks with a big short interest. They act as support as the stock declines and a big boost as it moves higher. I bought OPK at $4 because the shorts were bashing it to smithereens. It's now over $14. That's what I call a great short play. Maybe they'll do the same for ZU.
Doll, that's an interesting opinion, but nothing new to this board. There are some (many, really) who believe a buyout is imminent. There are others who believe that Dr. Frost is just getting started in his quest to build a pharmaceutical empire that is vastly bigger than anything he has previously been involved with. Whatever his plans are, he's not telling. Since he has functional control over the whole situation, one would have to be a mind-reader to know which direction Opko will ultimately take. In an article in Forbes, Gene Marcial opined that Opko might be on the road to being taken over. Marcial is an expert on such things, so it's certainly possible. I'd recommend that you search back in Forbes and read the article. Whatever happens, I suspect that some patience will be needed to maximize your profits in Opko.