The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. | | |
10-16-2013, 09:45 PM
|
#8751 | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
|
let's just say, 6 days ago, a lot of people longed the indexes.
some people think it will reach those predicted highs... it might not, but who knows.
the people that longed 6 days ago on that double bottom (dow), and doji (sp500), are all deep in the money now and locked in.
some people will take profits earlier, but some will hang on till it reaches the expected target.
once it reaches the expected target, some people will short it right away. and play the reverse and... the exact same thing i said above will happen, except on the down side.
|
| |
10-16-2013, 11:32 PM
|
#8752 | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
|
Hopefully this uptick will push up the precious metals, they've been lagging for quite some time.
|
| |
10-17-2013, 08:07 AM
|
#8753 | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
|
Amrn... Stay safe guys
|
| |
10-17-2013, 08:12 AM
|
#8754 | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
|
shieeet
|
| |
10-17-2013, 02:39 PM
|
#8755 | Welcome to Planet Power ///M
Join Date: Dec 2006 Location: Vancouver, BC
Posts: 1,435
Thanked 2,979 Times in 527 Posts
Failed 167 Times in 59 Posts
| |
| |
10-17-2013, 05:20 PM
|
#8756 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
Sooo... anyone else lose like 70k+ today? lol
I'll spare everyone the details, but dear god what a disaster that ADCOM was, followed by a pathetic CC.
Tough break for AMRN, the FDA basically screwed them with the wording in the briefing docs, which is why there was a slight sell off after BD were released, some were smart enough to see it coming - doesn't explain the sell off the week before though... SEC *Cough* *Cough*
Either way, I'm willing to wait as things progress to the actual PDUFA date. @ 2$/share I see a very limited downside at this point, why bother selling.
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| |
10-17-2013, 07:42 PM
|
#8757 | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
| Quote:
Originally Posted by jasonturbo Sooo... anyone else lose like 70k+ today? lol
I'll spare everyone the details, but dear god what a disaster that ADCOM was, followed by a pathetic CC. Tough break for AMRN, the FDA basically screwed them with the wording in the briefing docs, which is why there was a slight sell off after BD were released, some were smart enough to see it coming - doesn't explain the sell off the week before though... SEC *Cough* *Cough*
Either way, I'm willing to wait as things progress to the actual PDUFA date. @ 2$/share I see a very limited downside at this point, why bother selling. |
Sounds like you've been too emotionally/personally invested into this ticker and/or reading Yahoo Message Boards
|
| |
10-17-2013, 08:24 PM
|
#8758 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
| Quote:
Originally Posted by shawnly1000
Sounds like you've been too emotionally/personally invested into this ticker and/or reading Yahoo Message Boards | I wouldn't go so far as to say emotionally invested, I'm totally aware of the risks, the science, the nature of small cap biotech companies, etc.
It's strictly a matter of risk management, and at this point in my life, I am willing and able to accept the potential downside of "risky" decisions.
If you would have listened to the ADCOM you would understand the level of frustration amongst many of the investors, some of the panel members had no idea what was going on (Some couldn't even remember the correct name of the study itself or the endpoints), the ones that did believed the actual voting question should have been changed, IMO anyway. I'm actually amazed it got 2 positive votes.
I personally have no interest in buying blue chip dividend paying stocks that will take 1000 years to make me rich, 70k setback (assuming there is no recovery in the future) sets me back about 6 months financially, so meh.
This thread is no better than stocktwits or the lot, at least I am 100% transparent about my gains/losses by posting my position on the regular. I often wonder how some of the others fair in this thread.
Now that I sound all defensive, here's a fun fact, my TFSA went from being over 45k at one point, to it's current 8K lol.
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| |
10-17-2013, 08:28 PM
|
#8759 | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
| Quote:
Originally Posted by jasonturbo I wouldn't go so far as to say emotionally invested, I'm totally aware of the risks, the science, the nature of small cap biotech companies, etc.
It's strictly a matter of risk management, and at this point in my life, I am willing and able to accept the potential downside of "risky" decisions.
If you would have listened to the ADCOM you would understand the level of frustration amongst many of the investors, some of the panel members had no idea what was going on (Some couldn't even remember the correct name of the study itself or the endpoints), the ones that did believed the actual voting question should have been changed, IMO anyway. I'm actually amazed it got 2 positive votes.
I personally have no interest in buying blue chip dividend paying stocks that will take 1000 years to make me rich, 70k setback (assuming there is no recovery in the future) sets me back about 6 months financially, so meh.
This thread is no better than stocktwits or the lot, at least I am 100% transparent about my gains/losses by posting my position on the regular. I often wonder how some of the others fair in this thread.
Now that I sound all defensive, here's a fun fact, my TFSA went from being over 45k at one point, to it's current 8K lol. | Definitely appreciate the transparency/owning up to a position, win or lose.
|
| |
10-17-2013, 08:47 PM
|
#8760 | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
|
agreed.
|
| |
10-18-2013, 09:25 PM
|
#8761 | NOOB, Not Quite a Regular!
Join Date: Nov 2010 Location: Vancouver
Posts: 45
Thanked 6 Times in 3 Posts
Failed 0 Times in 0 Posts
|
Anyone else made tens of thousands today? GOOG, AMZN, BIDU, CMG WOO
|
| |
10-18-2013, 10:57 PM
|
#8762 | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,805
Thanked 2,888 Times in 1,241 Posts
Failed 626 Times in 198 Posts
|
My parent's portfolio on GOOG is looking more and more incredible... my prediction of GOOG breaking 1k wasn't too out of whack.
My parents have 400 GOOG@380...
But then I'm wondering how far GOOG can go...
They invested ~150k each in AAPL@102/GOOG@380... when AAPL hit 600, I told them to sell... they ended selling all for ~603, making more or less 5x their investment.
I'm not sure they can replicate that with GOOG.
__________________
Nothing for now
Last edited by Hehe; 10-18-2013 at 11:09 PM.
|
| |
10-20-2013, 07:08 AM
|
#8763 | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
| Quote:
Originally Posted by jasonturbo I wouldn't go so far as to say emotionally invested, I'm totally aware of the risks, the science, the nature of small cap biotech companies, etc.
It's strictly a matter of risk management, and at this point in my life, I am willing and able to accept the potential downside of "risky" decisions.
If you would have listened to the ADCOM you would understand the level of frustration amongst many of the investors, some of the panel members had no idea what was going on (Some couldn't even remember the correct name of the study itself or the endpoints), the ones that did believed the actual voting question should have been changed, IMO anyway. I'm actually amazed it got 2 positive votes.
I personally have no interest in buying blue chip dividend paying stocks that will take 1000 years to make me rich, 70k setback (assuming there is no recovery in the future) sets me back about 6 months financially, so meh.
This thread is no better than stocktwits or the lot, at least I am 100% transparent about my gains/losses by posting my position on the regular. I often wonder how some of the others fair in this thread.
Now that I sound all defensive, here's a fun fact, my TFSA went from being over 45k at one point, to it's current 8K lol. |
Great tidbit. Everyone loves to relish on their wins. I'm a mining guy yet all my mining investments are in the red. My non mining investment gains have easily covered my losses on mining to the point I take profits only to deploy it into mining stocks once again. I have great luck too - potash cartel disbanding, Mongolia, Peru and El Salvador expropriating. time to stick to non-mining.
|
| |
10-20-2013, 10:23 PM
|
#8764 | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by suzuka84 Great tidbit. Everyone loves to relish on their wins. I'm a mining guy yet all my mining investments are in the red. My non mining investment gains have easily covered my losses on mining to the point I take profits only to deploy it into mining stocks once again. I have great luck too - potash cartel disbanding, Mongolia, Peru and El Salvador expropriating. time to stick to non-mining. | Or time to double down on mining, and not look at them for 2-3 years (or whenever we get li quite back into juniors)
It's been rough as fuck for the juniors and majors of late, and the job market, so rough in mining right now
|
| |
10-22-2013, 04:31 PM
|
#8765 | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
Failed 46 Times in 23 Posts
|
So Icahn declared that his company has been selling their shares of NFLX.
I'm so tempted to buy put LEAPS now. |
| |
10-22-2013, 05:53 PM
|
#8766 | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
|
PVG.TO Down another 27%
And 2 legal firms looking into possible legal action....which only spells more negative for PVG.To.
Never did get that pm from Mr. Money, still interested in PVG. I'll buy pvg still when the dust settles.
|
| |
10-22-2013, 08:38 PM
|
#8767 | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
| Quote:
Originally Posted by subordinate PVG.TO Down another 27%
And 2 legal firms looking into possible legal action....which only spells more negative for PVG.To.
Never did get that pm from Mr. Money, still interested in PVG. I'll buy pvg still when the dust settles. | If I was an insider, senior manager or board member and the stock price is getting crushed to which I believe the market is behaving irrationally - this would be the perfect time to load up on the shares. Home | Canadian Insider and www.sedi.com will break down insider shareholdings and any purchase/sell orders. Insiders are not taking advantage of the current low share price. I wouldn't bother. At their current market cap, there are other companies out there at the same level where their projects have gold and silver streaming companies fronting cash and de-risking it for a retail investor.
|
| |
10-22-2013, 08:52 PM
|
#8768 | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
| Quote:
Originally Posted by 4444 Or time to double down on mining, and not look at them for 2-3 years (or whenever we get li quite back into juniors)
It's been rough as fuck for the juniors and majors of late, and the job market, so rough in mining right now | great time to buy but there are other sectors equally as dead.
I look for industries where the company/stock price/market cap have yet to return to their pre-crash levels. Mining is one. Gambling is another. My LVS shares have been on a tear (purchase at the 30 level). Gambling is where all the cash is going right now. It makes sense as the largest population in the world gives us the largest number of problem gamblers. Macau is constantly hitting home runs. More casinos will come online in Asia but they're dependent on the China gamblers and China actively restricts travel. SG has yet to hit a home run so the new casinos due to come online in Phillippines, Taiwan, Korea and Japan may suffer from the same SG risk. There are also companies building casinos along the Russia/China border to take advantage of the China crowds. Everything is dependent on the China govt and for the time being it is centered in Macau. I have been trying to buy MPEL and more LVS (over $70) but they have had huge runs. LVS is still trading off its 2008 highs ($150) so the decision to double down on the mining stocks makes the same compelling argument.
|
| |
10-22-2013, 09:42 PM
|
#8769 | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
| Quote:
Originally Posted by suzuka84 If I was an insider, senior manager or board member and the stock price is getting crushed to which I believe the market is behaving irrationally - this would be the perfect time to load up on the shares. Home | Canadian Insider and www.sedi.com will break down insider shareholdings and any purchase/sell orders. Insiders are not taking advantage of the current low share price. I wouldn't bother. At their current market cap, there are other companies out there at the same level where their projects have gold and silver streaming companies fronting cash and de-risking it for a retail investor. |
Agreed.
|
| |
10-23-2013, 06:10 AM
|
#8770 | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
| Quote:
Originally Posted by suzuka84 If I was an insider, senior manager or board member and the stock price is getting crushed to which I believe the market is behaving irrationally - this would be the perfect time to load up on the shares. Home | Canadian Insider and www.sedi.com will break down insider shareholdings and any purchase/sell orders. Insiders are not taking advantage of the current low share price. I wouldn't bother. At their current market cap, there are other companies out there at the same level where their projects have gold and silver streaming companies fronting cash and de-risking it for a retail investor. | Note of caution though: I recall the CUU execs purchasing a LOT of shares with the dips back several years ago...Those still have yet to pay off
|
| |
10-24-2013, 04:39 AM
|
#8771 | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
|
doubled my account shorting crude the past week.
I'm short emini sp500 now with a small risk exposure (275)... multiple double tops showing on smaller charts
bought crude also with a minimal risk exposure (150)... anticipating trident formation.
Last edited by Ulic Qel-Droma; 10-24-2013 at 05:43 AM.
|
| |
10-24-2013, 09:19 AM
|
#8772 | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
| Quote:
Originally Posted by SiRV Note of caution though: I recall the CUU execs purchasing a LOT of shares with the dips back several years ago...Those still have yet to pay off | indeed. I would like to believe insiders know better than we do. Mining is in the perfect storm right now. At current levels I would not go near exploration companies when I can buy near term production. Why pay for the company to.explore and drill out the resource when I can buy proven reserves for the same price.
I'm looking at bear creek mining, Augusta resources, Nevada copper.
If you're going to look at exploration companies, make sure theyrr sitting on a large cash position. I would hate for them to do a round of financing at current pricing to dillute me. Look at new pacific metals -30m in the bank. True gold mining. Also, the.revscene love 'can'has been jettisoned and the company has.brought in the old red black mining people to run it. CN had previously raised a massive financing so theyrr sitting on a large cash position. Posted via RS Mobile |
| |
10-24-2013, 10:54 AM
|
#8773 | RS.net, where our google ads make absolutely no sense!
Join Date: Jan 2010 Location: rawr
Posts: 927
Thanked 1,324 Times in 249 Posts
Failed 132 Times in 58 Posts
|
Lol... Pvg Posted via RS Mobile |
| |
10-24-2013, 11:06 PM
|
#8774 | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
| Quote:
Originally Posted by rawr Lol... Pvg Posted via RS Mobile | Interesting stuff on PVG.
I mean, it's heavily discounted if there is actually gold (Strathcona was wrong) and the project is feasible.
Other hand..... the different methods used is surprising to cause such drastic differing results. I mean, why would Pretium hire a reputable firm like that if they were out to scam investors? Strathcona was part of the unraveling of the Bre-X scandal.
Could be a dead cat bounce before everything falls apart?. It'd be interesting to hear Mr. Money's input.
|
| |
10-29-2013, 05:12 PM
|
#8775 | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
When it rains it pours; Amarin Files 8K - Other Events >AMRN - WSJ.com Quote:
October 29, 2013, Amarin Corporation plc ("Amarin") received written notification from the U.S. Food and Drug Administration (the "FDA") that the FDA has rescinded the ANCHOR study special protocol assessment agreement because the FDA has determined that a substantial scientific issue essential to determining the effectiveness of Vascepa in the studied population was identified after testing began. Specifically, consistent with discussion at the Advisory Committee meeting, the FDA cited results from the ACCORD-Lipid and AIM-HIGH outcome trials, as well as the publicly presented results from the HPS2-THRIVE outcome trial, which the FDA stated in its October 29, 2013 notice to Amarin, fail to support the hypothesis that a triglyceride-lowering drug significantly reduces the risk for cardiovascular events among statin-treated patients with mixed dyslipidemia and residually high serum triglyceride levels (200-499 mg/dL). Thus, the FDA stated that it no longer considers a change in serum triglyceride levels as sufficient to establish the effectiveness of a drug intended to reduce cardiovascular risk in subjects with serum triglyceride levels below 500 mg/dL.
| I'm quite certain that if the FDA was a business, they would be getting sued for breach of contract.
__________________ Quote:
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 01:10 PM. |