Please tell me which China made item is more expensive than America made item ? I guess 99.99% China made products are much cheaper than America made product. How come congress does not put tariff on all China made items ? So many cheap Chain made items in our major stocks. WHY??
It will push America inflation to the MOON if we don't have cheap China made item!!! We use China made item everyday! And many retailers will file bankruptcy. It is purely political that they put tariff on China's solar panel now. It is not a HIGH TECHNOLOGY. It is just a day to day consumer item now. There is no other reason.
America and China always fight with each other on any level. The biggest loser is consumers like us and all solar installer and leaser. As America wants to get more power in Asia, it will have more conflict with China and Russia.
YGE chart looks like penny stock to me now. It is ok for day trade only. For long term solar investment, I will stay with American solar makers (but not the pure installer like scty), so I can sleep better.
Since Michael Lewis published his market is rigged book, congress and local senators, SEC and FBI are looking into this issue. No more high speed trader to artificially push up each trade a few pennies. Stock market is going back to the NORMAL trading market based totally on real earning. The PE will go back to a NORMAL level. The good days of last 5 years is GONE for any sectors !!! This market is now a day trading market. It means you buy and then sell as soon as there is profit (long or short) ! My entire 401K is in cash now. Be aware.
Skill waiting for 170 ? I am not saying it is impossible. Just want to say good luck. I already got many biotech stock last few weeks. Thanks for your advise.
Or are you one of those people who sold all biotech mutual fund, helping to push down the entire biotech sector, and then now trying to tell everyone to sell too so that you can buy back at lower price to justify your investment timing skill ?
This Mutual fund can only make money when it goes up. Obviously you are not hoping it to go up. I wonder why you come to this forum ? What is your purpose here ? Are you one of the short selling traders ? You should go back to the stock forum where you are shorting. You are not helping us in this biotech forum.
Biotech is over sold now. Google "XBI Crowded With Sellers" in Forbes site. It said:
"In trading on Friday, shares of the SPDR S&P Biotech ETF (AMEX: XBI) entered into oversold territory, changing hands as low as $136.47 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of SPDR S&P Biotech, the RSI reading has hit 28.8 — by comparison, the RSI reading for the S&P 500 is currently 53.0."
"A bullish investor could look at XBI’s 28.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side."
You should also compare how many drugs are FDA approved during 2000-2010 comparing to 2011 to 2014. With advance in technology, there are many more approved great drug in last few years and many drugs have huge market sales. Many more new drugs are in the queue for FDA approval. ILMN DNA sequencer is under $1000 now ! It cost 10 time more and took much longer time before. Search the web if you don't believe me. We also have much more old retiring people now. First wave of baby boomer arrive next couple years and many more to come in next 15 years. When you are sick and a new drug saves your life, prevent an organ transplant, provide better quality of life, then you will understand the feeling.
Great, it can help to smooth the China-US discussion of solar dumping case.
Chinese investors want to cash out because their own Chinese currency dropped a lot and they need cash to cover other foreign payment. This is why they don't care about good news. After they cashed out, stock price will go back up by other investors.
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.