Got stopped out of just about every holding I had today, including this one. Came out a little ahead because of the run this morning, but there is some serious negative market sentiment out there and next week is not looking positive. Cash rich on my account, but I hate sitting on the sidelines.
Cyclacel Pharmaceutical (CYCC) at $3.87, target of $10. They're in Phase 3 trial of cancer treatments. If anyone can find any write ups, this looks interesting. Dendreon Corp (DNDN) released a prostate drug in Europe. <a class="postlink" href="http://www.reuters.com/article/2014/03/03/us-dendreon-shares-jump-on-news-of-prost-idUSBREA2215Q20140303" onclick="window.open(this.href);return false;">http://www.reuters.com/article/2014/03/ ... 5Q20140303</a> . Currently at $3.31 with a target between $2 and $8. The problem with this one: "The treatment has failed to live up to expectations due to the company's limited manufacturing capability, quality issues, uncertainty over insurance coverage and competition from rival drugs." Mentioned Orexigen Therapeutics before when it was $7.49, currently sits at $7.03 with a target of $7-12. I'm still following it. June 10th FDA decision. "Orexigen (OREX) announced Tuesday that the company has received what it calls positive feedback from Europe's EMA regarding the anti-obesity pill Contrave. The obesity pill is under application in both the United States as well as Europe. One interesting component about Contrave is that it is currently perceived as having a lead in Europe. Vivus's Qsymia suffered a rejection across the pond, and competitor Arena pulled its application in lieu of getting a rejection because the company stated it would not have enough time to answer questions raised by the EMA." Zacks has it on buy. Company releases quarterly results on the 12th. Enteromedics Inc (ETRM) is another obesity remedy developer. In clinical trials. $2.51 now, target to double. $3 target on the low end of range. Been active the past couple days.
CJ, please, whatever you do, do not put any of your money into owning shares of DNDN. I came up with just a list of stocks for possible investing to hold for a big return. I could go into some serious DD on each of them, but most of these have been covered pretty extensively if you do some google searching. $ATRS $IGXT $INO $ISR $SYN $MSTX $SNWV $SGYP $DSCO $FOLD Happy investing.
<a class="postlink" href="http://247wallst.com/healthcare-business/2014/03/01/top-biotech-stocks-under-5-with-huge-potential-upside/" onclick="window.open(this.href);return false;">http://247wallst.com/healthcare-busines ... al-upside/</a> Avanir pops up again. Threshold looks interesting. Let me mention everything I throw out is just an idea to bounce off someone else. Each company I mention I watch and try to research as much as possible. Yeah. Scratch Dendreon off the list. Couple days after I posted, finally found some more objective articles. Company is a cash drain. If it hits a buck or less I'd consider it.
I was actually debating putting Threshold on my list, but left it off as I'm not 100% sold on it yet. It's a good company, I'm just not sure everything adds up in the end. I will say, they have some big money investors behind them and a few that are heavy hitters in the biotech space. Never a bad thing.
Been hearing a lot of "chatter" about a big down market this week. If you were thinking of buying into some stocks, this week may be a good opportunity to buy some sell offs. Overall, there has been some key indicators the bull market is slowly coming to an end and there is going to be a big downward press in the next few months. Not a big crash, but the rest of the correction we started to see in February.
Well this definitely didn't start out as I had thought. I'm a little baffled right now, but it wouldn't be the first time in the past year or two the market has pushed forward when every indicator is screaming that it shouldn't.
If you bought some $ISR when I posted you would have quadrupled your money today. Not saying the whole list I put up over the past few weeks will do the same, but they are all stocks I'd start to accumulate if you are looking for the possibility of big returns in the future.
Just popped 74% today due to an almost unanimous recommendation from the FDA advisory committee before final approval (pending). And no, I did not get in on it before. I'm fairly irritated. This is weird, because day before yesterday the stock TANKED because of a serious issue concerning dosage changes Mannkind made last minute. Everything I read said it would probably present problems with approval. The price reflected such. So, I'm guessing the price is going to continue to fluctuate wildly until FDA weighs in within the next month. Still f'n pissed. Gambling sucks.
Don't be too upset. You would have had to make the perfect trades and believed FULLY it was going to get a good panel vote (not approved by the FDA by the way, just recommended to be approved). If you had bought any day other then yesterday, your return wouldn't have looked so spectacular. If you were a good trader, you would have been stopped out of most of your shares after it closed at $3.80 before it was locked up for the panel vote. This is also assuming you bought at the lowest and sold it all today. There is a very real chance this thing rides back lower for the next few days. You very well may have been looking back to today thinking to yourself, "Why didn't I just sell it all then."
Just a few quick updates: I'm 99% cash right now as I've been either stopped out or sold off all my positions. First time in a long time I've been red for the year. Don't get lulled with today's bounce. Lot more downside incoming. Probably see another 3-4% correction before its all said and done. Adding ACRX to my list of "cheap" stocks with big upside. Right now is a really good time to watch the markets closely and look to do some day trading. Lots of stocks in small caps that are cheap and might get cheaper. Good time to make some starter positions for long term growth as well as interday trading in and out of the dips.
Some interesting notes from a class that included a discussion on risk tolerance and what makes people make bad decisions. Since this place seems to aim to know and eliminate bias from rational thinking (in theory at least), thought it might be useful or interesting to some. Maybe even help someone out when they're making a decision. Warning; these are class notes from lecture, really just a list of things that affect rational decisions. Spoiler Limitations in Rational Thinking Overconfidence in intuitive judgments Self-handicapping risks understate risks Nonrepresentative quality of short-run trends Law of large numbers depend on sample size Failure to correctly evaluate exposure time Short vs. Long duration risk Low risk vs. high risk Denial of risk Discounting small negative probabilities Complete elimination of risk vs. reduction in risk People place a disproportionately high value on eliminating risk Availability bias What makes the news gives us the blues Unreported and underreported acts are off the radar Familiarity bias Seasoned investors are more risk tolerant Illusion of control bias Tendency for people to underestimate the risk inherent in the activites under their control - ex. car driving Time horizon Risk level is time dependent Mood Bad mood = pessimistic Good mood = optimistic Alcohol Increases risk tolerance Parties bearing consequences Decision makers more risk tolerant if they alone suffer consequences of their actions Decision makers also more risk tolerant if only others bear the consequences Group dynamics of risk taking Choice Shift = a group decision is riskier than the average decision of individuals in the group Choice shift explained by: Shared decision making Influential risk-tolerant group members Familiarity bias by-product of group discussion hear something enough, assign element of truth to it Mental accounts: Assessment of loss/gain not just about dollar amounts Different risk tolerance levels for different buckets of money Losses weigh more heavily emotionally than gains Ex. Inherited Funds more risk tolerant than Vegas winnings than Salary from hard work Edit: It did not preserve formatting so I bolded some lines as headers
Looks like a good time to think about taking your investment accounts off autopilot because there be a storm brewin'. Everyone remembers what this looks like. The euphoric high can only go so high, 2007 gave all the warning signs that there was trouble ahead. Many were taken to the cleaners but if you prepare for it there will be ways to make money in a down market. Anybody out there taking any precautionary measures?
It is, sadly, somewhat hard to get people to go into fixed products and preserve their 2013 gains when, according to their account statements, everything's great! I'll be getting some more fixed cash value life insurance, personally, and double checking if I have bond funds to divest before rising interest rates kill them. But most of my market investment is retirement accounts in long term funds that will bounce back. I should also mention that I'm not sold on a dramatic crisis ahead as much as it's likely that we'll have a fair amount of turbulence and various corrections.
Been pretty busy so I haven't had much of a chance to do as much long term research as I usually do. Mostly been banging the bid and day trading. However, one stock I've fallen for, dick over heels, $INVE. This is my pick of the year. Usually I get one good stock a year that just blows up my bank account and this one wins the cake this year. I won't bore you with the details, but a quick overview, they are industry leaders in NFC as well as a lot of cool other internet security stuff. NFC? Sound familiar? That thing that is incorporated in the new iPhone that is going to be the platform for Apple Pay....Yeah, the back end is $INVE tech. Should be some good analyst coverage coming up next week after they just did an institutional offering. Low floater and it moves when it wants. Get in cheap, cash out rich. I don't guarantee profits, but this is about as close to "Blue Horseshoe Loves Anacott Steel" as you can get. Happy trading.
I've got a couple nickels in my pocket (prob spend those on beer though), college debt out the ass, but want to retire next week. What should I rob? I started contributing to my 401k earnestly 1-2 years ago (I'm now 26), later than I wanted. Between graduation and that point I was paying down my student loans (maybe 20k left), not as much as I could, but about double the monthly payment. Now I have bought a house, am taking 10% paycheck +employer match to 401k, currently pay minimums on student loans, am close to paying off my vehicle (1-1.5k). I feel like I'm behind where I should be financially. Is there something else I should be doing or looking into? Should someone in my position be starting/contributing to an IRA as well? When I was younger I knew how bad debt could hurt you and always planned on starting to save as much as possible when I got a real job, but go figure, girls booze and overall disregard for responsibility quickly shuttered those notions. I know I don't have the discipline to continually follow the stock market, but I'm not opposed to occasionally throwing some money at something that piques my interest.
I would also suggest looking closely at the options you have on your 401k. The one I have through my job allows me to be pretty flexible with what I can invest in. One thing I will say, just laying your 401k money into some shit fund that you have zero control over is not the way to go. If you can split the amount you put into a 401k and IRA through your work, that might be a more profitable way to go.
Juice - My higher interest debt I agree (gov't student loans, fucking racket). Part of my student loans are at 2% though - I'd rather invest than pay that off. I don't carry CC debt. Early next year, or maybe with my Christmas bonus I'll pay off my Jeep. Not a big monthly payment, but that's cash in the bank for either paying off debt, saving, or entertainment. PC - I'm not sure what my options are through work's 401k. They offer a handful of investment portfolios, but what's the best way to figure out if they're shit or not? When I first selected, I chose higher risk ones with middle of the road fees.