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Feels dumb to reply to my own post from last night but I think it is important to restate that a negative full court press may be underway and today's action may be the start of both a biotech correction and that will press on some of the most promising of small biotechs in order to free up shares for the institutions and hedge funds to gobble up.
You might try to trade out, have already done so, or you may opt to hold on. Just remember that while the PPS may fluctuate, the science not only remains intact but is being reinforced with every new study, each new trial, each new partnership. We were in the high $2s before the Roche deal and that deal has undoubtedly set off a reaction among other large pharmas that they better look deeper at what Inovio, it's vaccines, their delivery and intellectual property portfolio represents. Hope you have some dry powder and if it does fall due to market pressure you are able to take advantage.
Just opened a position here at $9.16. This is too good a company to be beaten down this much. Figure we could see a 25% pop by early December. And if they ever decide to aggressively pursue a school entrant format, that could be a game changer. But I won't believe it till I see it.
No big news from the conference thus the sell off. Like I said last night, this may be the push to scare off the retail traders. If we hold above 2.05 the bottom is firmly set, if not cheap shares may become available for all of us. In 2 years none of this churn will matter.
I respect hard work over schooling any day. Worked from age 7, dad had a beer distributorship, worked full time through undergrad and weekends thru grad school. Just thinking of retiring now all thanks to INO.
Work in employee benefits consulting, have dealt with way too many book smart a holes over the years. Much more comfortable away from the office politics and BS. Glad to see you are doing well with INO too, well deserved. I'm in Lehigh Valley, maybe we can have a beer someday. If mrpatinmn is in our neck of the woods would be great for all of us to toast a big win here.
Gotta run to look at Kyle's post yahoo on the HIV info. Have a good night, opening up a Sam Adams Octoberfest, and hoping for 47 point game total on Monday Night Football to win my pool.
Thanks will check it out.
This should be a great week. Who knows maybe their vaccines will as a few miles to my frame someday. Certainly hope so.
Glad you didn't take the postal comments personally, sometimes this board deserves a good ass kicking and I know no better man to deliver it.
One more thought. There is start of talk about a biotech bubble. Don't be surprised to see Wall Street attempt to put a major scare into the small biotech sector which is dominated by retail investors in an attempt to dislodge as many shares as possible using fear and price manipulation to drive people off. Everyone talks about institutional investor percentage, that can't really increase unless they pay up or scare out some cheap shares, I have no doubt which tactic they will use. So be prepared for some negative articles over the next weeks, months. I say screw em, if they do drive it down, I 'll just want more.
Lost more than one girl to a hot car, friggin motor heads! I had to settle for a 64 Rambler with 3 on the tree. Linkage used to get stuck in 3rd gear about as often as I did at second base. But I did add a killer tape deck and Jensen speakers. Called it my Midnight Rambler. And the front seats reclined, in high school that was the best option of all!
We are on the same page on this, trading this is becoming like Russian roulette with 4 barrels pulled. So I figure maybe it's time to just wait for the news, results and the run and be happy with that. I'll try to believe I will do that. Good to hear from you mmrich.
Stone Age, now you are talking my time! I'm glad you remember not only my "sophisticated" TA but also the bikes of ancient times.
I'm back in full INO hold mode, this time if that dirt bike takes off again, I might just have to stay on for the whole ride. So hard to say though. After more than a decade of beating myself up in the market, it has been an epic year of trading. I'm a market malcontent at heart so I enjoy trading versus buy and hold.
Hey John Mauldin is doing a video presentation next Wednesday Oct 16 on breakthrough medical technologies. Its possible Inovio could get a mention. Here's the link.
http://tech.mauldineconomics.com/video-invitation it's free, and I like their free weekly newsletter on the market, no hard selling and very good info unlike Motleys and others.
Looks like it is worth checking out. Great to hear from you, now we need to roust mmrich to talk some beers and ribs.
Mmrich if you are lurking you might want to check out the video link too!
Excellent information hleg, where do you get this?
I increased my position by 50% today. I'm one of those guys who was hoping it would fall below $2 in order to buy. Didn't happen, and I decided that I'd rather pay up than grumble about not buying 15 cents earlier. The reality is that I bought in the belief that this will one day be a $20 stock, maybe a lot more, and I think that, as the news and partnerships come in, there will be a realization that these guys have the portfolio that will help re- define healthcare over the next 20 years.
35 years ago, I wrote my Master's thesis about how HMOs would change medicine for the better. It started out that way until corporate America saw the threat and changed them to PMOs - profit making orgies. By treating and eliminating diseases, maybe I'll see Inovio realize that revolution. And create a financial legacy for my heirs in the process.
I'm not a chart guy, but for those who are impatiently waiting for this to go to $10, look at the stock from Sept 2011 to May 2013. It took those longs nearly 2 years to be rewarded.
We are on the same, albeit accelerated course right now. Small waves until the company makes a big splash. It won't take 18 months of churn for that to happen, my guess is 6 months max for that to ramp.
And by end of 2014 you will have your $10. And a few minutes after that happens, people will whine about why it's not $30 yet.
Running big time now. $2 next?
Looking very good, 1.27 is the highest close in a very long time. At risk of (repeatedly) repeating myself, the CEO laid out the scenario for a huge 3q when he said SG&A expense was down $500k per month from 1.5 mil to 1.0 mil. And he said revenues were back up to $5 mil per month. Can't wait, wish I had bought more in the $1.12 area. Hope you got yours.
Something big happening today, a million shares traded and no news?
Nettrader 1) do you really care about what other investors decide to do? Its their choice to buy or sell as they see fit. If falling to $2 scares them off that is their choice. Everyone needs to make their own decisions, I buy and sell in anticipation of PPS direction as do others. Nobody loses until they decide to sell at a price lower than the price at which they bought. 2) I could not care less about your motives, the threat of no future correspondence Is no threat at all. I invite anyone to question my motives, hopefully we both learn from such inquiries. I was simply pointing out that if you were worried about it falling and you believed it would fall, trust your instincts, sell and buy back at a lower price if you can. Trading the volatility has worked for me. Good luck.
Not sure why you are afraid of it going to $2. Would that make you consider selling? If so, you might consider selling now and saving yourself the anguish.
Don't mean to sound harsh, if this is a trade versus a hold, I can see your point. But if your are in it for the big score, the short term fluctuations shouldn't bother you, just tuck it away and set an alert when it gets to a price that you want for your shares, then sell.
Life is too short to worry about the little things. We may fall now that conferences are over and no new news has been released. But there seems to be a solid bidder at 2.15, looked to me like they were ready to buy 750k shares at that level today.
Hang tough, in a year or so we will all probably wish we had mortgaged the farm to buy shares at these levels.
What we need is a run at $14 to make the shorts squirm over the weekend.
More than convenient if you bought back in the 9s. Though not moving today, who blinks first?
Right on mmrich. It's important to evaluate what is causing the movement, and decide when the run is over. The reality or INO, while everyone talks about it being over $3, is that it was there for only a moment it really topped out in the $2.70s and gapped to 2.90s and flashed at 3.03, the right back down.
It's a great stock and an even better story, but I have been in and out several times from July to now. It has transformed my Roth IRA to formidable anti tax machine. I have taken it off he table for short term investments in stocks like LeapFrog and Blyth. But I live online from 9:30AM to 4PM almost every day, so I can respect why some people buy and hold. I just don't have the patience, which is good for me.
My suggestion is when your stock pops, if the move is due to articles or PRs and not news that alter the fundamentals, ride the enthusiasm but when it tops and falls back, sell on the second surge. Most times, even if it runs past your sell point, it will come back to or below ,leaving you no regrets, and opportunities to re-enter knowing you are I ahead of the game.
Gilliam right on target, CVSL confirms interest in being a larger shareholder of BTH, cannot discuss further at this time. Throw another shrimp on the bar-b mate, shorts will be toast.
http://www.thestreet.com/story/12048806/1/5-stocks-with-big-insider-buying.html?puc=yahoo&cm_ven=YAHOO
Or just go to yahoo finance headlines for BTH.
Might be in for a real treat here, between the excellent Seeking Alpha update by John Gilliam and TheStreet.com mention this could take off, and if the CVSL interest is confirmed this will be an unbelievable run. Even if no news from CVSL this is poised to take off. Good luck to all.
Heaven forbid someone should post valuable information about tax free retirement savings on the INO board, even though it is specifically to encourage people to consider such a vehicle for their investment in INO.
Do not get me started on the short ribs, I might just have to slow roast some this week with a nice stout glaze. Hmmmm.
Seriously, your point about those that would want this to fail can't be overlooked. I saw it happen with a monoclonal antibody about 10 years ago and what I thought was a great partnership for a small biotech I owned turned into a less than penny stock.
Hopefully INO will avoid those pitfalls.
You are on point about the disruptive technology here, and those who would see it fail if they could. One thing that makes that difficult is the FDA process and the agency's active involvement.
The easiest way to divert the tech is to buy it and bury it, that buys time, but eventually the technology will make it to market.
Thanks mm, it surely doesn't add up right now. I'll hold my core for now and look to add if it drops. I agree we may be in for some downward pressure but the week is young and we may have another shoe to drop this week. Nothing more than a thought though. Good to hear from you.
Look at it this way. None of us are planning to sell at $3, $4, $5. So why care if it is not there yet? The longer it stays at these levels, the more we can accumulate cheaply. Open a Roth IRA, if you can, and stockpile. When it takes off you will be glad you did.
Take advantage of these prices, as each seemingly insignificant pre clinical release comes out, these are in reality potential long term investment gold nuggets.
Open a Roth IRA, buys shares now and again in January max it out ($4000 limit per year I believe, but verify). That could become $40,000, $80,000 and more, tax free forever. You can even withdraw your principal without penalty any time if you need it, but not your investment earnings until retirement, unless you are using for a first time home purchase. Enjoy.
Just filled my core position, if it dips any lower than $2 will buy more for possible trades in future. But longer term this is another moment we might look back on and laugh at the absurdity of the market.
I hate auto correct I love INO.
I ought two blocks today, the first at 2.22 and the last at 2.18. The Roche del paces a loud floor under this stock and I listened to Kim's Q&A from the recent conference, he mentioned discussions with multiple potential partners. I would not be surprised to see a couple more of these over the next several months.
Also may be seeing some end of quarter profit taking, this opened at 82 cents on July 1, investment funds/ hedgies that got in when it passed a dollar can book 100% gain and buy back in October if they want. Nice time for us little people to accumulate.
Inclined to agree with $2 as a solid base. Technical analysis is a nice tool , but fails to account for the fundamental fact that Roche has entered the picture. Added some more at 2.18.
Rebuilding my core today, about 60% of what I want to hold. As for long term holders, no worries, you weren't planning on selling at these levels so this stuff doesn't matter. In fact getting the chance to buy cheaper shares is a gift in itself.
I'll be at my 100% level soon, but if it drops for no good reason, that 100% could become 200% or more.
In a few years our only regrets will be that we did not own more. Have a great weekend.
Mmrich, I'm having some short ribs and cold Cream Stouts this weekend, thanks for the tip and keep kicking ass and taking names.
Mmrich you crack me up, every now and then you just go postal. Too funny!
Lots of insider money being put in the game, tells me they are bullish from these level. Will be interesting for sure.
If someone is looking to squeeze the shorts, they could have done no better than how they played the price against the Sept. call expiration. Shorts probably loaded into $12.50s and $15s to cover (cheapest insurance for a squeeze). Those will expire worthless or nearly so. Now a squeeze has a full month to play out with more insider buying happening today, dividend next week this could begin anew.
Up to $12.50 after hours, what's up with that?
Twisted my arm, I'll have to grab some. PA is a pain in the ass, try finding that in 6 packs. For the board cops I LOVE ME SOME INO ! No lie there!
I'm starting with a Sam Adams Octoberfest. Eagles game tonight so I will need to get primed. Gotta dig out my septic tank for the honey dipper to clean out tomorrow. Good old country living. Enjoy the evening all.
Been watching and listening, there's a pattern to boards. When the stock is undiscovered, the science seems to dominate the conversation. Once it is discovered, the PPS takes over the discussion. The move was like an earthquake, complete with aftershocks. The aftershocks subside and there is silence, and impatience. We simply cannot will things to happen.
I love this company, I trade it's stock since the .60s. I am rebuilding a core position with plans to hold until it overreaches agin or achieves superstar status, maybe hold it til the day I die. Right now there is no wind in the sails, so mmrich is right, many of us are out foraging for short term opportunities.
If you are a true long, tuck it under your pillow and grab a nap. It will get good but not overnight. Heck it's already up 300%. It's not always easy. If you can't wait, find something else to invest in til you think this is ready to pop, and keep enough to keep you interested. Within 5 years this could be a $30 stock, it won't be in 12 months and it may not take 5 years.
I'm taking 10% to 30% gains if I can while trying to keep my losses at or below 8%. But I never take my eye off of this one.
I am as tired of the wishing and hoping and why isn't this at $4 posts as you are of reading this. It will be a lot higher than $4 someday I firmly believe.