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Maybe my luck in regard to small biotechs has changed..
I made a nice stockpile of cash investing in big name stocks over the years... nice boring 15% a year returns.. then, I made the stupidest move of my investing life by backing up the truck on this little company called COR. It pretty much killed my portfolio and the wide majority of my gains over the last 7 years..
After last year's PIPE and subsequent ADHD fiasco, the stuff I didn't put into COR and all of my new $$ has been back in the slow and steady.. nice gains on CVX, gold EFTs, and VZ..
I call this new chunk of $$ (or sliver of money compared to what I lost and still hold in COR) nestegg #2, for at this stage, if COR doesn't completely go out of business, it's all gravey.. (for the record: I still have hope that we'll see $2 again.. just not planning my future around it)..
So, a few weeks back, someone on this site posts an article about a can't miss stock called Spectrum Pharma SPPI..
I almost invested all of nestegg #2 into this stock yesterday, and instead, put in into AEE (yep, boring nuclear power stock with a 5.5% div)..
Man, did I dodge a bullet.. !
Yeah, this seems more like a blog than anything..
However, I hope that the folks that are on this board that are like me (betting the farm on a small biotech like COR) learn from this whole thing, and if COR sees $2+ again, you wipe the sweat from your brow, and start to learn new tickers such as GE, MSFT, NKE, and a sleugh of niche EFTs :)
Dammit! The slow and steady would have made my slow and steady years great..
Good luck to all!
I hope this is a positive sign..
It seems a bit weird though that with all that is at stake for himself, COR's employees, and us stockholders that Stoll woke up this morning and had 15K buring a hole in his pocket and decided to buy some COR.
Maybe he is being balsy and nibbling a bit at some shares with the knowledge (or at least a pretty good sense) that the RD trials are going to kick ass..
How about this iggs.. If we don't close in the 60s tomorrow, then you leave for good?
I can't believe you're so bold as to start making predictions this specific.
Someone here had mentioned you called the last pipe.. I geuss a blind mouse finds a nut once in a while.. or is that a blind nut finds a mouse?
Aiming..
I think we all have a pretty good understanding of the rules on this board.
The issue we have with iggs is on one hand, he bashes the stock and the management of COR (which is fine, and his right to talk about his opinion of things) and predicts a .10 pps, and on the other hand, he claims he has a sizeable amount of COR stock. It just doesn't make sense..
This seems fishy, and reeks of something unethical.
iggs, do you have a paper route for your job?
.71 @ 31K.. ?? It's like $20,000..
It's just an idividual investor that is looking to buy some COR @ .71..
What is you point..?
When there are 200K+ asks out there, and volume hits over 1million shares, then we can start talking about something in the works..
Hopefully by the end of next month we'll have more things on our mind in regard to COR besides the silly website..
Great day today with announcement that the RD trials have started.
Baby steps right now.. every milestone, large or small, matters right now..
I'd hope folks would read this as BPs are in desperate need of new drugs.. and someone like COR is a good candidate for those new items..
you hit it right on..
share price implies they are the same.. ;(
Looks like IDM got their new shiney website up on Jan. 22nd.. I stand corrected ;)
haysaw, we're on the same page today ;)
It was bound to happen!
Maybe this will be the beginning of a good week for COR.
Cheers
Is this the same?
I thought that the last announcement said they had approval from the German authorities, and this one is stating that the trial has started.
Neuro, etc. , are these the same things?
Haysaw, you take this thing way too far and way too seriously.. Lighten up my friend..!
MF, I'd love to drop the whole thing..
The anxiety of COR's future, and the pain of losing so much money sucks all the way around..
I was more commenting in jest than anything else..
If it was said in person, it would have been with a big smile on my face, I would have laughed, and bought you another beer. :)
We are all in the same boat here ..
I just want to make some money when things are all said and done..!
Food.. I know.. I'm just having some fun..;)
What else do we have to do on this board?
Let's face it folks, either RD works and our time and money will be worth it, or, RD doesn't work, and we're all screwed..
PERIOD.
There's really nothing left to do but wait..
I just find humor in what some folks complain about is all.
I'll make you all a deal. I'll drive down to COR's headquarters next month and offer up a day to redesign their website. I have a few vacation days that I can burn.
Any suggestions on the color scheme? the layout..
I'll make it a point not to include stupid pop-ups like on the iHub site..
Cheers
dude you're starting to freak me out..
I'm done with you..
Website = not significant. That's all I'm trying to say..
I guess that's 5 for asu, 0 for haysaw..
I'm still up on you ;)
"I would like to put this to rest as well, but could you possibly explain to me why Cortex felt it was necessary to let us know a re-configured website was on its way? "
Answer: Because they had intentions to reconfigure it.. And they hoped to reconfigure by early March.
They didn't really worry about putting a date on it and possibly missing that date if things got too busy because only complete morons with small time money would ever fixate on such a insignificant detail.
For the record, I'm not at all saying that COR has dropped the ball on some pretty significant stuff.. However, trying to bundle the website into the mix is, well, ignorant.
"However, that is not to say that it doesn't help shape a potentially large investor's perception, albeit in a non-expressive way" ..
Yeah sure.. A large invstor is going to research COR for months, talk to fellow investors in the know, possbily talk to folks in the medical field, and step up to the plate to invest money and go "hmmmm, ya know, their website says it is supposed to be updated by early March.. Well, by god, it's March 28th, and it looks like this website isn't updated as promised. I'm taking my money and investing it elsewhere."
Really? Seriously? I mean, really?
SO, explain why potential large investors have been staying away before early March?
Really? You're going to go with that explanation?
Seriously? Unbelievable..
Do you know any large investors? I do.. Not one invests in a biotech stock based on something this silly.. Any large investor would be like, "I'm glad they don't have time to update that silly website."
If you really can equate the laziness towards the website as an over all indication of COR's ability to follow through on things that will eventually increase the stock price, then this is a dead issue.. you obviosuly do not get basic sane concepts..
I will say it once more.. THERE IS NO CONNECTION BETWEEN A COMPANY'S FOLLOW THROUGH ON UPDATING THEIr WEBSITE AND THE STOCK PRICE AND/OR THE COMPETENCE OF THE COMAPANY'S MANAGEMENT.
I WILL BET YOU EVERY BIT OF MONEY I HAVE THAT IF COR UPDATED THEIR WEBSITE, THE STOCK WOULD NOT BE DIRECTLY CORRELATED TO THAT ACTIVITY.
I can tolerate a lot of things, but I can't tollerate idiots!
I am sorry for you, and everyone that knows you.. if these are the things that worry you about in regard to your COR investment, I can't imagine what other things you fixate on ..
You must drive your friends and family completely nuts..
Haysaw,
Please, just take this as an opinion..;)
I honetly am not trying to argue with you guys here..
I think they had intentions of updating it, but, they got bogged down on other stuff. Which I actually am happy with, for it means that COR doesn't have time to worry about everything right now. They have to be busy on RD, partnerships, etc.
I'm not sure why the perception is that COR is "lazy" or "doesn't follow through" in regard to the new website not being up yet.. I think the opposite is more accurate.. They are "not lazy" and they are "busy following through" on the stuff that will make COR succeed.. the website is at the bottom of their list. Heck, if COR did have time to put together a new website, I'd be worried!
Cheers
I'm actually quite calm.. I'd just rather you guys stop fixating on somthing so stupid..
It does not matter.. there is absolutely zero correlation between a comapny's website (A company like COR), and pps..
I am chilling.. I am just letting the folks know to drop the subject and move on to more important things..
BTW - What are you waiting for in regard to a new website?
What is wrong with the current one?
If you're waiting because you think the new web site is connected to a BIG announcement, stop holding your breath..
Dammit, are we still on this stupid topic..?
There are hundreds of websites for companies that DON'T sell product online that are in a holding pattern..
Seriously, you have to have better things to concern yourself with in regard to COR.
This is probably the 1,000th thing on the list of importance right now..
No one or no thing that will make COR's pps go up is related to the website!!
Besides some tiny player like you, no one makes an investment decision based on a website..
Iggs, everytime your make fun of the fact that COR has lost us $$ and that COR is doomed, only solidifies how stupid you are for still owning a stock that you hate..
It's like bashing McDonald's while your wiping Ketchup from your face while eating a Big Mac..
It's really pathetic man..
By your own admittance that you own shares shows you are insane and an idiot.. You're telling me you think COR has no future and that COR's mgt sucks and the stock is going to tank.. However, you still feel like keeping your money in said stock..
I pity you iggs.. Everyone is going to lose money in the market from time to time, but your methodology of owning shares purely based on enertia is silly..
Iggs,
Answer this question.
Why don't you just sell your COR shares and move on?
The fact that you still post on this board shows that you are either a complete idiot (owning shares in a company that you think sucks), or, you already sold and you fell like bashing the stock in some sort of "revenge" tactic.
What am I missing..?
Any sane person would sell shares in a company they thinks sucks.. Especially when there are so many bargains out there right now.. (maybe you now understand Neuro's comments?"
What gives iggs? Idiot, or jaded?
Iggs, I think Alcatel-Lucent is a horrible stock.. you know what?? I sold it.. You know what, I don't post negative crap on their board.. You know what? I took the money that was remaining and invested it in something else that I thought has potential. You know what? I am sane..
Let it go... man you are crazy to be fixating on something so insignificant..
This company does not sell products over the WEB!! Who cares!
Here's a little stat for ya MF4.. pps is not directly correlated with the website of a company..
Hey, NIKE has a real fancy website.. why don't you sell your COR shares and buy some NIKE so you'll be happy in regard to the most stupid and meaningless action item that a company like COR has on their plate..
My god, you are crazy!!
btw - I work for a company that does not sell product over the web.. and it has a great website.. we costantly are updating it, and it is all fancy.. out stock has tanked 75% since we started updating and polishing it regularly..
That's a horrible analogy.. COR has a set price per share.. simply multiple the number of shares you own by about .80. That is what you can get for you COR holdings right now.
I'm sure there are 1,000s of investment options that you feel are better than COR right now..
Put said money in one of those investments..
Doing anything else is, well, ignorant..
Iggs,
The question still remains.
Why are you still owning a stock that you have no faith in?
It pretty much makes you ignorant, therefore, discrediting all of your points.
How so?
The pps would skyrocket if some tried to buy it on the open market.. it's called supply v demand..
"Why inlicense compounds from a microcap when you can bring it to its knees and then buy it outright?"
Go buy an economics book and you'll have your answer..
You honestly think only 1 and only 1 BP is interested in any given biotech? Your theory would only work in that manner..
The moment a biotech looks attractive from a IP and price standpoint, there will be buyers.. multiple buyers means that you can't just wait until the company is on it's knees, and then swoop in and buy it on the scrap heap..
The Bear Sterns situation is COMPLETELY unrelated..
If the company sold items over the web, then yeah, it's a big deal.. this is about as stupid a topic as worrying what color the office chairs are..
Who cares??
I think the key to the earnings was if there would be any major surprises in regard to "burn rate".. it appears that nothing out of whack was announced. Therefore, it shouldn't cause any impact either way.
The only thing that I see as a slight impact would be the reiteration of what's in the fire, which may cause some folks to go "wow, COR is still around, I might want to put some $$ in there since it is so cheap." :)
I hope that they have more important things to do right now then meet a WEBSITE schedule! Come on ;)
Have you guys noticed that yahoo finance has had COR's stock price wrong the last few days?
Last time I checked, we were @ .80 .. if it hits $3, I would hate to think I am still around ;)
Just as I needed to be smart not to sell @ .40 and double down, I would need to make sure I don't get greedy, and miss out on taking a 100% return off the table if we near $3...
The question is a little more complicated than that.. If a BP is wanting to buy out COR, then COR is probably worth buying..AND, there will probably be more than one suitor.. and the number of buyers will only grow as COR gets cheaper..
I think if a BPwants COR, they'll jump fast rather than wait for others to get in the mix.. the "wait until COR is dirt cheap" will most likely backfire..
If Stoll decides to finance in the $3 range I hope most of us will be long gone by then, or at least on the sidelines, if we're smart ;)