What's going on, with Call volume on fire in 20 March trading. Shorts getting ready to cover FCX, to mid 20's ?? Also when will FCX make the 2Q dividend decision?
Agree Schwab is fine. I did get scammed in French tax ADR trading fees for TOT in Merril Lynch account. 15% div tax in Schwab taxable account and no ADR trading fee, for TOT ADR.
I forgot to mention that on the 3Q FCX slide deck, they were hedged on their oil (production) for 4Q and for - all - of 2015. For 4Q they were long oil $90 puts with hedge floor $70.
The short on FCX has become a crowded trade. I expect a very respectable 4Q earning report coming up from FCX (gross margin stable to slightly higher). Best to cover now if you're short reddog
Yes, per FCX 3Q Earnings Report, Copper production cost of $1.93 is correct, but there are NO additional costs on this number. I don't know what oil cost this $1.93 was based on?
Anyone on this board thought about how a pricing adjustment (reduction to $83,319 for Olysio+Solvaldi combination for 12 weeks) could improve JNJ's Olysio market share ? Will JNJ and GILD continue to team up ?
Presumably they have or should be closing out of the 4Q hedge positions yesterday, or soon this week, for about $90 - $55 - $6 -$15 = $14 profit per barrel hedged.
According to their 3Q2014 Conference Call, FCX is 4Q 100% Hedged
$90 Strike Put Long and $70 Strike Put Short. Cost of $5.74.
$90 Strike Put Long and $70 Strike Put Short. Cost of $6.89.
GILD marginally powered. GILD and ABBV respectively, will see what the law of large numbers has to say about the true efficacy.
Table 6 Study ION-3: Response Rates after 8 and 12 Weeks of Treatment in
Treatment-Naïve Non-Cirrhotic Subjects with Genotype 1 CHC
8 Weeks 12 Weeks
SVR by Genotype
Genotype 1a 93% (159/171) 96% (165/172)
Genotype 1b 98% (42/43) 98% (43/44)
Huh. Are you saying the $USD has more purchasing power today than what it had in 1980 - 1990 ?? If so, then I guess you don't eat or need any temperature controlled year round shelter.