Turns a great day into ok day... Good still in green. This always risky to invest in these small biotech firms when they are still in trial. But Fidelity has an army of analysts, should they do real time monitoring of these trials before FDA made their decision. I can't believe if they put 10's of millions on it without reading their result in almost real time and sell some shares when they see issue.
BIB is up 1.28% so far, I guess they don't have GERN. XBI is only up 0.34%. BBH is up 0.65% as of now.
Thanks for your kind words. My condolences to your loss too. Since internal organs do not have a lot of nerve, it is often too late when one feels pain and great discomfort. Colonoscopy should be a must-do item when anyone reach certain age, but I hope they find a better way to perform this procedure. Good luck.
Among my friends, two already died with colon cancer after 1 to 2 years of torture. Another one is currently struggling with stomach cancer and was told to have 3 to 12 months of life left. You would think my friends are very old, no, most are in middle age only. Our life is getting longer, but I feel our chance to get cancer is better than winning power ball lottery. Almost all the food we have now are GM or "enhanced", from live stock to agriculture. I always wonder if I should eat farm raised "enhanced" fish or wild caught. Most of the time, we prefer wild caught. But the radiation from Japan nuclear water is causing a lot of see food to have cancer now. It will stay for 100 years or longer. What I mean is we really need better drug. This week I am going to have a colon check up... I wish myself luck.
Loose money did not only help biotech stocks but helped the entire stock market since 2008. But why Biotech benefited more than other sectors? It could be the reason I mentioned below, millions of baby boomer, plus the advance in genetic research and technology which lead to many break through in new and better medicine. Research said health care cost is up to $250K for each retired person. Our life is getting longer with better health care.
If there should be a correction in stock price, the whole market will correct together, not just biotech. IMHO.
The whole nation (100's of millions of customers) will be covered by insurance soon, it means more demand in health services, medical equipment and drug. Internet bubble in year 2000 was caused by super high P/E of many start up companies, many did not even have profit with big loss. But P/E for many big biotech companies are still reasonable and most have improving revenue and profit YOY. Amgn P/E is 18, some others are higher, but are they at super bubble level yet? IMHO.
Investors will look past Q1 and look into Q2 for great earning, winter is ending soon. If they get few new projects in Q1, it can add more earning to Q2 and Q3.
Guardian is not bad consider they have a small fire and a very very cold winter ! It may be just a small hiccups and it should not happen in normal situation. There is no slow down to build solar farms around the world.
Last day of January and first few days of Feb. dropped from 209.08 to 196.24 before it goes back up strongly to all time high of 228.64. Hope March will repeat that.
Search "Solar stocks: Ride the heat wave?" at Fidelity site: 7 days ago
"After a rough couple years, solar stocks bounced back in a big way during 2013. Companies like Canadian Solar Inc. (CSIQ), SunPower Corporation (SPWR), JinkoSolar Holding Co., Ltd. (JKS), SolarCity Corporation (SCTY), and Amtech Systems, Inc. (ASYS) were top performers.
After the big rally, is there still money to be made in solar stocks?
Possibly. Downstream installers and developers of solar projects, for one, might be worth exploring."
I wonder if Fidelity is buying now.... Less
Why not use natural gas ? Many houses already has natural gas hook up for heat and cooking. Most part of the country has natural gas infrastructure.
I exchanged more into Fidelity Biotech on Thursday so I am happy to see a 4% gain on Friday. But a fund with more than 10% of my total balance makes me a little nervous. Fidelity only allows 4 exchanges per year in 401K, it can be bad if I used all my exchange and I can't get out during a big biotech crash. Then I must wait for next quarter to get a quarterly exchange. Fidelity has so many restriction to invest there, they are controlling how I invest my own money. I need to following their round trip restriction and short term trading restriction, both can stop me to exchange for 12 months if I violate them. With only 4 exchange in total, I can't stage my exchange into more steps over the year..... So it is one big exchange each time. If I time the market wrong, it can cause much more loss or reduce my gain ! It is against the usual investment principle.