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Ask now at $1.01.
Premarket ask is at $1, Fidelity.
I know sometimes liberals make us smile.
Yeah, I know. There are a few of them here. But that has to be one of the stupidest liberal remarks I've heard here yet.
I usually lurk and read here, but this remark scares me more than the market right now.
1.83 Great close.
Gooo Freddie.
I don't think it's time to load up yet.
I think it may hit below .50.
I plan to take advantage and add at around .50 and below.
I am just not sure what is really going on here. There is something I feel I am missing besides my brains. LOL
I never thought I would see the price at these levels again. I guess at this point we may see.50 again. Who knows. This market is so goofy right now.
I'm long in this one and have numerous buying points.
That's what Cramer has been saying. He is not totally dumb.
Well, just got my fills at .80 next ones set for .75.
I have 2 small orders in at .80 in 2 different accounts and it just skipped me right over. Geez.
It was on his late night show.
Yep, he apologozied on TV and stated he meant past employees who caused this mess not the present employees. Apparently, some of his neighbors work for AIG. He'll need to get his apology speach ready for his predictions also.
He apologized to them last night. This is holding up extremely well.
Buying more also. Still have a few very cheap ones that I saved for LT. First buy order is in at.85. Let's see if we get there. Next .75. You just never know. I am very comfortable with this stock in the LT and I am not planning on selling until we reach $5.
Looks like were acting like all the other stocks today after Cramer's analysis. Fingers are crossed.
Cramer said Tuesday will be the day of reckoning for AIG. The governement will find out that AIG owes much more than they projected to the gov't for the swaps therefore for the gov't will wipe out the common shares.
We'll soon find out if this is true. I hope not.
Because we're better looking then FNM.
Here's some BIO
LMNX
HOLX
ILMN
Molecular diagnostic plays.
Jimmenknee,
Been waiting for Ilumina. This is a dream entry. I have a starter position and keep adding in as it goes lower.
Luminex reports on Oct. 21. Normally this stock would be going up into earnings. But we are not in normal times. I plan to sell into earnings for a profit (I hope)and get back in at a lower price.
Medical Devices and Diagnostics is not going away especially with personalized medicine becoming so relevant in treating cancer patients.
Keep and eye out for Hologics also. HOLX. They did not make their numbers in the last quarter so they have taken a little hit but their current price would make a nice starter position. In the first half of 2009 they may have FDA approval for a molecular HPV test. They will compete very heavily with Digene (the only one with FDA approval) for that market. Their test will be at a molecular level, more sensitive,and more accurate. They bought CYTC which is the market leader for Liquid Base Pap Testing. $$$$$$
I know a bit about this arena since I have been in medical device/diagnostic sales.
In the Healthcare Sector check out Luminex LMNX and Ilumina ILMN. Both very profitable molecular diagnostic companies. Ilumina just split and is a bargian now.
I lurk more than I post.
I just bought a little at 2.77. Have another order in at 2.50.
I just sold 3 positions in my 401K with this rally for break even. More to go. I will sell into every rally I can but I am not selling AIG or FRE. I will add to FRE under $1 and AIG under $3. This market is to tough to stay in anything seriously but these since they are so cheap.
I don't think you missing anything. I'm looking for a spot to add more shares. If it goes below $3.
AIG has held up great today. I think it is a good indication of their future and how investors feel about their plans to sell assets and become whole again. Today is really a tough one.
I hope you saved some freebies for the ride up.
Trunk,
I have 2 different investment strategies. Most of AIG is benchmarked long term and I mean long term. I would never have been able to afford the amount of shares that I now have pre collapse.
I bought FRE for short and long since I was able to buy a whole lot more shares.
I thought about holding it all. I have more to sell and I have some for a core position for long term. This is an opportunity of a life time for this stock and AIG..
Both are not going under.
Besides, I want to go shopping. LOL.
I did the same but I was able to average down to $1.54 from entry of $5.10 in my IRA.
Average in Etrade brokerage of $.44 per share. Mega $$$ there.
I am sitting very comfortably.
Took a little profit today.
Chartinator Biotech stocks to look at:
TWTI and LMNX worth looking at for longer hold. Both just popped. This may not qualify as a swing but I think the boat would be missed if you good people did not look at them.
TWTI-HPV testing is huge. This company will knock Digene out of their place once the FDA clearance is received. The test is more sensitive for false positive therefore women will be less prone to be biopsied for no reason.
LMNX-this one is just getting started.
The arenas these stocks represent is the business I work in. So this is based very much on knowledge and understanding.
Not sure if you looked at MOGIF yet. Once the FDA approval is received for their manufacturing facility the instruments start shipping out. They already have sales. Have started to increase sales force. Just advertised in CAP Today which is a large newspaper sent to the laboratories and is read by a very large community of Pathologists.
Chartinator-MOGIF
Good Day Chart,
I have been a lurker here for quite some time. I ocassionally have played some of your picks. Thanks for all you do!
Please look at MOGIF. It's OTC here but trades on the Toronto Exchange as MOG.TO. This company is a real company whose Monoprep Instrument will impact Cytology Labs. Cytology labs are where all PAP tests are sent to be read. We are talking about a lot of revenue since this is capital equipment and require proprietary consumeables. I have started to accumulate at .99. Today, I bought more at 1.23. This market is not effecting it at all. Buy and hold on for the ride. Thank me later.
I did post this before. Very similar to the humble beginnings of Ventana Medical Systems (VMSI).
Chart-biotech stocks
This is the first time I am posting. You have shared so much with us that I want to share a couple of biotech stocks with you. These are more on the clinical diagnostic end. They are real companies and long term holds (meaning years not months).
Check out Third Wave Technologies,TWTI: They will be going neck to neck with Digene for HPV testing market share. Their HPV testing has recieved CE approval and is in use in Europe. Once they recieve FDA approval in the US, Digene will be be in big do do. Third Wave's testing is more sensitive since it works at the molecular level.
Check out Monogen, MOGIF in the US and MOG.TO in Canada. This is the first completely automated cytology preparation instrument. They are in the process of building their salesforce in the US and the instrument has FDA clearance. This is the kind of stock you never sell and put away because it can make you a millionaire (JMO). It reminds me of Ventana Medical Systems (VMSI)in it's humble beginnings when it was a penny stock at $0.25 (Roche just bought them for $89.50).
I am in BMSN with you at $0.19 and will hold for the long term. Thank you for that play.