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Re: None

Friday, 02/12/2016 2:16:07 PM

Friday, February 12, 2016 2:16:07 PM

Post# of 97237
ICPT: I assume you all have seen the gain today so far, precipitated by a Reuters story that ICPT reports it is in negotiations with someone in a/the liver indication.

http://www.reuters.com/article/us-intercept-m-a-exclusive-idUSKCN0VL1ZC

GILD could be a buyer, predicated on what Milligan said in Earnings call.

I am not sure bull market in biotechs is over.I have not counted, but I estimate 50/50 + or - in our portfolios, with some even. AVXL is +, TPIV is -, among familiar names. BBH, IBB, FBT, XBI all +. Usual volatility prevails.

I do not disagree with observations re oil. PE has been consistently profitable in our portfolio since entry in late 2014. XOM also since 2011.

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