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Darn. I wish I was at a computer when he said it...assuming there was after hours action.
i'd like to sell a little ...espec on his buy. uy buy
GDC-0449 combination study with Gemcitabine
Stand Up For Cancer sponsored trial with Roche
Patient forum. Obviously, its only N=1, but, its worth exploring more
StagIV. She is doing well on the trial. The tumor on the pancrease has shrunk 51 % and the liver lesions are almost totally gone
Must be because of Ariad.
LOL.
Orbimed, hopefully, for longs, has no warrants left to dump on the market.
BVF was the only other one who had warrants.
Biotechresearcher...FMR and Wellington just reported their 13F holdings for Q2 2011. lol. FMR barely changed holdings in ARIA. Wellington has no position.
8/15/2011
Hedge fund manager pleads guilty to insider trade
10:44 AM Eastern Daylight Time Aug 15, 2011
NEW YORK, Aug 15 (Reuters) - Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron pleaded guilty on Monday for his role in an insider trading scheme.
Skowron, 42, told a Manhattan federal court judge that in 2008 he traded stock in Human Genome Sciences Inc <HGSI.O> on nonpublic information he received from a French doctor who served as a consultant for the biotech company.
Skowron, who managed several health-care funds, also admitted he gave false testimony under oath to the U.S. Securities and Exchange Commission.
"I knew my actions were wrong and I deeply regret my participation in these activities," he told U.S. District Court judge Denise Cote.
Under an agreement with prosecutors, Skowron pleaded guilty to conspiracy to commit securities fraud and obstruct justice.
Skowron faces a maximum of five years in prison. He is scheduled to be sentenced Nov. 18.
The case is U.S. v. Joseph Skowron, U.S. District Court, Southern District of New York, No. 11-00997.
Poor fool decided to put a market order in.
Oh well. It was only 350 shares.
INFI Pancreatic Poster from ASCO
http://infi.com/pdfs/Poster_IPI-926_Pancreatic_ASCO2011.pdf
Citi's view on the EU crisis:
http://docs.docstoc.com/pdf/518434/513ab53e-89fd-4bcc-b5c3-b9b2ae6f8567.pdf
Their Apples have worms in them.
Good. I hope these gutless politicians and especially the incompetent Mary Shapiro and the other bozos at the SEC ( that is, unless they are too busy masturbating to porn at their desks) actually see who traded ahead of this public information. It is clear as day that something was leaked early in the week when the market started its freefall. People can blame it on EU. But I would be willing to bet that S&P in fact did tell certain funds, banks, or personnel that a downgrade would happen. It just all too much wreaks of something...especially the fact that regardless of their errors, S&P still did the downgrade....to save face to the people they leaked the info to?
I think its shaping up to be a nice trade back to the 50 DMA somewhere in between 10.25 - 10.75 for me. I think it struggles to get through there and backs and fills for a while until theres greater clarity on the economy.
But what do I know.
Yes, I'm worried about my Ariad investment with that background
I'll stick with the NASDAQ dates
If I were to buy that pig, I would be scaling in light amounts. I do not see it bouncing back quickly, and actually see it going down a bit more should the markets deteriorate further. Its terribly broken technically.
It will probabky get taken out on Monday a.m. for $19 now that I said that, lol.
Hey biotechresearcher.
About a month or so ago, you claimed I was lying and you were right that FMR and Wellington would be reporting their Quarterly Holdings in their 13Fs 'much sooner' than August 15. You claimed I was entirely wrong.
Well? Its almost August 15. How come on sec.gov Wellington, nor FMR, has reported their Q2 holdings? LOL. Did they forget to file them early? lol. I guess Citadel, renaissance technologies llc, Third Point llc, all forgot to file early too. lol.
What happened?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65046295
ARIA at 60% institutional sponsorship now.
you are correct. the only reason i generally speak about Dow pricing is because, sadly enough, most people dont even know where in price the S&P trades, let alone, many people only know the Dow because it has a higher number than the S&P, therefore, it must the THEE index.
You talk SPZ with institutions. You talk Dow on message boards and general public, ie., my parents or next door neighbor. Although, many here understand the meaning of the SPZ.
BTW, I think I might buy DNDN below $7.50 around where it opened that gap several years ago.
You can throw DNDN out. It's broken.
So much for futures being up 200 like lastnight.
Dont worry. When the global markets implode next week, Obama will be on the Vineyard eating $30.00 lobster salad sandwiches.
Reagan got things done. This current President is an absolute buffoon that has no respect from the Right, and dwindling respect from the Left and his own supporters. Clinton could negotiate with the Right. This guy is a joke, and the country cannot afford 4 more years of it, let alone, 1 1/2 more. Instead of taking a little jaunt to Marthas Vineyard, he should be demanding the scrubs in congress get their asses back to Washington, and begin discussions.
Fool me once, shame on you. Fool me twice, shame on me. I voted for this doofus in 2008. Never again. Businesses hate this guy...and the country cannot afford it anymore. Ask yourself, ...what has this doofus done for YOU? The answer: nothing I can think of? His big glory was health care..and the small plan we have at my business continues to go up in premiums...by a lot.
Thats the end of my rant.
Hell, maybe it will get a lot worse and i will be able to buy massive amounts of ARIA at .72 cents...lol
Maybe they outta bring back the 1800s then.
Sure, its a great place to live. And structurally, its phucked, because the govt is worthless.
it sucks because we have the biggest bunch of worthless SOBs running this country. Think about what a disgrace it is.
Personally, I would prefer to live in Zermatt....but now its 15.00 USD for a Big Mac.
hes gotta go away to the vineyard and drive around on his bike first though. maybe he will be fully rested when the mkt drops another 1,000 points.
Look at where are small mid cap biotechs are today....and they are MUCH further along in their pipelines and MUCH better capitalized today than they were in 2009
ARIA EXEL ARQL ARRY ONTY SGMO IMGN INCY KERX CLDX ....theres a lot of companies that have been cut in half just because of this BULLCHIT that is going on in the markets. The EU should just get it the hell over with and create a TARP cut interest rates. Those imbeciles are in denial, just like that POS Obama and all the other scumbags on both sides of the aisle.
America is a garbage country now. Obama going to the Vineyard next week. Congress coming back in September. Why should they care? They already got bought by their special interest groups. These guys are the biggest bunch of worthless SOBs on the planet.
Meanwhile, markets are in a tailspin with no direction because our politicians are a joke, and EU doesn't think they have a problem (not to mention the scumbag corporate raiders who move from country to country attacking their debt markets - when one seems to be fixed, they move to the next, until finally it will end in Germany - it's an orchestrated maneuver by these hedge funds).
Until there is clarity (which I don't expect any time soon) ARIA will trade with whatever the markets do. Basically, all companies are at the mercy of the EU and whatever decisions they make, and whatever hedge funds decide which bank over in EU they will try to bring down next. Not to mention, this is 80% computer generated selling now generated by global macro and FX markets.
Is that a conspiracy theory? No. It's fact.
Car prices are down, housing prices are down, clothing prices are down, pretty much all of the other things I buy I can find extreme deals on (electronics and everything else I purchase..TVs, computers, all way down). Sure, food and gas are up. But guess what...since I was 10 years old, food and gas has always increased. It's part of life. If anything, there's asset deflation, bigtime, occurring around many global economies.
LOL yeah. One thing I would like to see is the President grow a sack of nuts and say to Congress, "Get your asses back to DC", and then actually put together a comprehensive plan which will cut the debt by $4 trillion (regardless of what the Republicans have to say about taxes). So what, don't do tax cuts. Adjust SS and Medicare, MCaid, etc. They can work on the taxes later.
It would put the entire ball in S&Ps court.
EU doesnt want to lower rates or do an effective QE because Germany had a hyperinflation even 100 years ago that is still stuck in their mind. Personally, I think the last thing EU should be thinking about is hiking rates. Its really a bad situation, the Euro, that is. they have one currency, but several sovereign govts all of which have different work ethics, spending ethics, etc etc. If I was Germany, I would be pissed I was spending to bail out lazy slacker nations. However, they got themselves into it. EU needs to stop kicking the can down the road and just hit it hard like the Fed did here in 2008....or break up the union.
Cross your fingers (every night) Europe doesnt go to hell ( or one of their major banks).
Please, I hope so.
I would love to see those shares I bought a couple of days ago in the high-7s and mid-8s.
You'll gain lets say 10% and feel like a winner, yet when you convert the currency to any other in the world then you'll be even steve or at a loss
I've bought both CRIS and ARIA and EXEL for the past couple of days (not today). I'm not going to buy more. I still don't like the tape. Will see how things settle in, and hopefully get a good trade out of them. If anything, I suspect they will be trading back to their 50 DMAs which would be a good trade, and then back test, which would present a better opp for a longer term position.
What's the 10Y UST yielding 2.3% now, and the 30Y UST around 3.50%? People thought rates were low when the 30Y UST was 5.50%...geez. I don't see ANY hyperinflation coming for two reasons: global economy sucks and secondly, the Fed isn't dumping their assets. If anything, they'll be buying the longer end of the curve (as has been discussed) if those rates begin to rise).
Other than the fact EU is in shambles still and our economy sucks, I don't know where else you put your money unless you want it under the mattress. Banks are paying .0025% interest (or you have to pay them if you have too much). Gold just had a nice reversal today (hope the GoldBugs get DESTROYED soon). I can't see how extending low-rates out until at least mid-2013 isn't going to be good for equities (especially the ones that carry a yield).
Market Commentary
From Gleacher's Russ Certo
I have never seen such bearish language used out of the Fed. Words or phrases like inflation “moderated”, indicators suggest “deterioration”, spending has “flattened out”, growth is “considerably” lower and “downside” risks to economic outlook. Further, the veracity of the statement that the “Fed is to keep rates at record lows AT LEAST through Mid-2013 is perhaps most shocking and powerful. The Fed understands the gravity of the words it chooses and the consequent extrapolation from the Fed watching and analytic community.
The Fed just basically announced “recession” and has consequently lowered rates REAL TIME and even set parameters for negative rates. There was some empirical analysis PRIOR to S&P downgrade which suggested historical tendency (not tendency forecasts) of rates to be 50 bps to 70 bps lower after an industrial sovereign downgrade like Japan, Canada, Australia and others. We were surprised at all the news conferences harping on the political save egg on face conclusions of lower rates yesterday. Many, not all, were looking for it. We are humble given volatility as no one has the answers.
Today, the curve originally ratcheted steeper as the front end extrapolated the 2013 language and by contrast the long end was left behind. The market, I think, then realized that this is a deflation/recession announcement by the Fed and it really is constructive for the long end. Until the equity response.
The equity response is positive as the Fed is FORCING grandmas and anyone who relies on a fixed income into alternative higher yielding asset classes. Dividend paying stocks look delicious. Convertibles, OMG, as you get a higher yielding fixed income instrument with a free equity option? EQUITIES and other perpetual assets that are being discounted by these rates. Pension funds use the lower rates to discount valuations.
Congratulations, the 10 year note finally nearly achieved that 2% metric. 2yrs are trading along with repo and near overnight funding at 16 bps earlier.
So, the trade is to be long equities and that is the third leg of the bond trade. They got rinsed on initial steepener, then surged on deflation/recession reality, now crater on dis-intermediation from the asset class.
New QE’s ironically haven’t been kind to the bond market and I’m wondering what our creditors are thinking as they are spending reserves in effort of futility to WEAKEN their currencies. The BOJ spent $50 billion dollars recently. The Swiss franc was up 6.5% on the trading session earlier. How are these central banks feeling about the Fed creating these conditions. Look at Canadian and Aussi right now. We talked about subsidizing other asset classes. Let’s just hope it works.
too much coffee from all the market gyrations..
Well, that's good news for people with a substantial amount in their 401(k) plans. I wasn't aware they actually looked at your equity holdings as collateral.
its hard to get a loan.
Are you saying she is looking at your stock portfolio as collateral for the loan?
That's a high-class problem I wish I had, lol.
Think of all those cheap mortgages!