Just got home and found that I bought 1000 at $18.65. I'm just looking for a trade back to about 22-23 area. We'll see how this turns out.
I just disabled the automatic new high notifications from my broker on OPK. It was getting too tedious having to keep deleting them every day.
That would not be unlike what Roche did with Genetech. They bought the whole company in stages over a period of a few years, but in the end the shareholders who stayed with it made good money. All it took was patience, but Roche was very open about what they were doing.
Zacks recommended buying HA as recently as this past Tuesday. Now I know why I have an extremely low opinion of Zacks. They're idiots!
Disclosure: I am neither long not short HA. If I were going to buy it, now would be the time with a limit order just below the market. I prefer to buy after the dust settles, usually the second day.
Thumbs up or down has become meaningless on this board. I suspect that the thumbs down are all coming from just one or two people with many different Yahoo accounts. The number of thumbs down is an indication of the level of desperation of the shorts. They're beyond desperate; they're frantic! When I stop seeing thumbs down, I'll be concerned that they might have covered and moved on.
Now, let's all move over to Hawaiian Air (HA) and watch a stock where the shorts are having a beautiful day. Hmmmm... maybe it's time to buy some HA.
Welcome to the world of investing. Here's a rule to remember: There are two basic emotions, fear and greed. The fear emotion initially overrides the greed emotion. Once the fear emotion wears off, the greed emotion takes over. Then the big fear is that you might miss out on the recovery and be left out in the cold. Therefore, the best strategy is to wait until the fear emotion wears off (usually about 2 days) and start buying. Think of investing as a game of psychology.
The strength has to be due to a lot more than Dr. Frost's persistent buying alone. It's also a good bet that the shorts aren't yet covering in any significant volume. This looks more like a growing number of small, individual investors trying to catch the train before it leaves the station. The overall market direction doesn't seem to have much impact on OPK stock price. Trying to buy on dips is no longer working. Anyone who wants to own OPK is being forced to pony up and buy before it goes higher. I would expect even the inevitable correction to be brief and mild with so much steady demand for the stock.
Don't you have bigger things to worry about? An asteroid is about to crash into the Earth and destroy life as we know it, and you're worried about little things like this? What's wrong with you? The only sensible thing to do now is for everyone to send me all their money for safekeeping until they come back in another life. I'll make sure it's there for you when the apocalypse is over. In the meantime, don't worry about Opko and the other trivial concerns of your pathetic lives. Trust me to do the right thing by you. Send your money now.
I have a feeling they should bring in someone from outside the company with a fresh approach to turning the company around. A company the size of McDonald's is not run by just one person, and obviously the whole top management team shares responsibility for the problems. This is a start, but there's a lot of work to be done to save the company. Thompson was in way over his head and never should have been promoted to CEO. IMO, the Board did him a disservice by placing him in a position where he was bound to be humiliated by his lack of competence to run the company. I can't feel to sorry for him, though ... he'll walk away with a huge chunk of money and live a life of luxury for the rest of his life. I'm sure he'll miss the corporate jets and other perks.
They're happier.... (not their or there). These words all sound the same but have completely different meanings. Please don't try to confuse me any more than I already am. LOL
Apple and Opko are VERY different companies. I don't foresee Dr. Frost doing any selling, dead or alive.
What makes you think he'll outlive you? I thought the 67 was the year you were born. Even if it's your age, that makes you a lot younger than I am (74).
The shorts seem happy when the stock goes up. That seems somewhat counter-intuitive, especially when they have to buy the stock higher if it goes up. The higher OPK goes, the happier they seem to be. I guess they'll be thrilled when it hits $20 and positively ecstatic when it hits $30. I like making people happy, so I hope it goes to $100 for their sake.
With MLPs, earnings are inconsequential. What you have to look at is distributions and distribution coverage. Trying to figure price/earnings ratios tells you very little. Obviously, the partnership has to bring in enough money to pay the distribution which is the principle reason for owning the units. I know this seems counter-intuitive, but that's the way it works. If you didn't know this, don't feel bad. I just learned it myself. The last time I checked, the coverage ratio was about 1.6X (which is very strong relative to other MLPs.) I've been continually accumulating more units whenever the price drops, plus I take advantage of the 5% discount on the DRIP. If you do this, beware of the extremely high commissions that Wells Fargo charges to buy or sell units. (I do it through my Flagship account at Vanguard where I pay no commissions.)
I wouldn't touch a Chinese stock with a stick. I even stopped eating Chinese food many years ago. I can envision BABA below $50 in the not-too-distant future. I believe this whole thing is a huge scam that never should have been allowed to go public in the U.S. Looks like the next Enron from where I sit.
Maybe yes. Maybe no. Maybe maybe. I wouldn't read too much into when he buys, just as long as he's not selling. I'm just along for the ride. I just wish everything else I own was doing as well as OPK.
Dr. Frost knows full well that the market reaction to his selling ANY of his shares would devastate the stock. Sell? To whom? There would be virtually no buyers, just sellers. He knows this better than anyone else. Frost's shares are effectively off the market. My biggest concern was his age and health, but I'm fairly confident that he has thought this through carefully. He's a medical doctor and knows that people almost always die. There are probably trusts, etc. with specific instructions to take care of that eventuality. That doesn't mean the stock won't sell off if something untoward were to happen unexpectedly to Dr. Frost. On the other hand, that might accelerate the timing of a sellout or whatever he has in mind for Opko.