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Thanks for your quick reply. I guess I should have been a bit more specific in that even though this seems like a good company I'm only looking for a quick in and out, 20% and I'm happy. For someone looking to hold awhile I think 1.50 is good, why quibble about a few pennies. I'm going to wait a couple of days, at least wait for 1.45. Thanks again.
Surf: I'm thinking about buying some NUVO. I've always been very cautious as to my buy points, especially with these small biotechs, I'm even more so these days.
I'm thinking that 1.40ish is a safe support area. Your thoughts? TIA.
Microcapfun: My thought exactly after I read the article. I think the key concept about trading revolves around the simple words you use, "a lot." It means one thing to one person, another to the next.
The speed limit is posted, it's a fixed number, obey it or not it is what it is. I have a friend who is a true,90's-dot-com-stock market's a rocket-style trader.I can't believe how his stomach handles it, I would be vomiting blood by lunchtime the first day!
At the other extreme, my dear old Aunt Betty just died at 100, she still had stocks she'd purchased in the 1950's.
As you say, IMO the best results are obtained by not forming personal relationships with these things, setting goals and limits, paying attention to the price, settling for decent gains and accepting the hopefully occasional moderate losses.
http://www.investorhome.com/daytrade/profits.htm
> The only value that was destroyed by the latest financing was the value of a pre-existing share of stock.<
And the pocketbook of the unfortunate retail holder of that share of stock.
That's the market. Don't fall in love with these things, they won't love you back.
Try to keep smiling, folks, have a good weekend!
>>What's killing this stock isn't their business model, it's how they're handling investor communications and financing. <<
I'd agree with the latter reason but not the former.
The financing does seem counterproductive, to say the least, but hopefully it's going to be explained next week.
As to the investor relations, I think it's another example of small, retail investors under the delusion that they move the market. I make no presumptions about any of the noble stockholders on this fine site, but I honestly don't think Buffett or Soros are here. I have 50k shares; I believe an earlier poster said he had over 100k; who knows how many Dew or others have. But can we really believe that at the most generous the grand total is over one million?
One million out of 164 million shares. That means the management owes us, on this board, about .006 percent of their care and communication. Wouldn't you say that's about what we got?
Has anyone tried to speak directly to Tom Newberry? EOM
They're not daytraders! EOM
IMHO: It looks like they've decided not to partner for "awhile" and instead hang on to the future cash flow. This shows a confident and positive management. They feel that future earnings will outweigh this relatively small dilution.
I am not a Conspiracy Theorist, but obviously news leaked out. On the bright side, this should stabilize the stock price: at a lower level than most of us would like, but I can't see it going much lower.
Hang in there everyone, just another dip, we'll reach our destination.
OT: Of course, the letter is well known.
However, for the remainder of his life Einstein adamantly refused to be referred to as the father of the release of nuclear energy (The Bomb) and became quite upset when he was.
When asked about the letter, he said, "Had I known that the Germans would not succeed in developing an atomic bomb, I would have done nothing."
Jessellivermore is certainly correct in stating that AE's theoretical work was crucial, but again the man himself took pains to distance himself from the actual builders, often pointing out that his theory simply explained the energy released and insisting that his part in the whole shebang was "quite indirect."
As I'm sure you know, biographers, historians, scientists and many others have written extensively about his ethical dilemma. A lifelong pacifist, Jewish, driven from his homeland by the Nazis, asked to help build a superweapon to destroy them. He agonized over the decision. Though he had already decided not to help, the idiotic decision by US Army Intelligence not to give him security clearance gave him a way out.
I'm not a scientist or a professional historian, but this topic has interested me for decades and I've read extensively about it.
OT: I understand your analogy,and it may be relevant, but just as a small correction, Einstein was not involved in the Manhattan Project because he had a serious ethical dilemna as to its purpose and,believe it or not, he was considered a security risk.
More importantly, yes I was just a tiny bit disappointed today, are you seriously saying that you weren't? We're only human. I assume we both have a patient belief in the fundamentals and the strong possibility of a good return on our investment.
Best of luck to you!
Have patience, maintain your sense of humor!
I hate those things that "die on the vein", they're a bloody nuisance.
Croumagnon- Churchill said that worry was like a rocking chair: it gave you something to do but didn't get you anywhere.
Things will work themselves out one way or another next week.
OT: Hope All Had A Great Day:
NOT GTCB:
OT: Hope Everyone Had A Great Day Today:
Yes it would be nice not to give back the gains. However, I think that most of us would be rather disingenuous if we said that we would not take the profits garnered from selling at around 1.15 and buying at around 1 twice in one week!
As we all know, the danger is missing the move. But if you've got the chutzpah, my hats off to you.
I believe there was a thread a while back about the science/art/advertising know-how involved in naming these things. I'd be curious to know if any of the medical folks on the board ever get confused?
Drug-name mix-ups hurt patients, getting worse
Tue Jan 29, 2008 5:13pm EST
http://www.reuters.com/article/domesticNews/idUSN2960814420080129
By Maggie Fox, Health and Science Editor
WASHINGTON (Reuters) - Dr. Julius Pham's stomach churned when he saw a critically ill heart patient getting an antibiotic instead of a drug to support his blood pressure -- the kind of mix-up that is increasingly common in the United States, according to a new report.
"If you have ever had that sinking feeling that drops to the bottom of your stomach, I had it," Pham, then a critical care physician at Johns Hopkins University in Baltimore, told reporters. "Unfortunately, the patient did not do well."
A nurse had confused Levophed, which can boost blood pressure, with the antibiotic Levaquin.
The rate of drug name mix-ups has more than doubled since 2004, the U.S. Pharmacopeia said in a report on Tuesday.
The group, which regulates the generic names of drugs and advises pharmaceutical companies, reviewed more than 26,000 records and identified 1,470 unique drugs involved in errors due to similar brand or generic names.
"Together, these drug names contributed to more than 3,170 pairs -- nearly double the 1,750 product pairs appearing on USP's 2004 list," the organization said in a statement.
"According to this report's findings, 1.4 percent of the errors resulted in patient harm, including seven that may have caused or contributed to patient deaths."
The top 10 drugs sold in the United States in 2006 all made the mix-up list, including cholesterol drug Lipitor, heart drugs Toprol and Norvasc, antidepressant Lexapro, stomach acid pill Nexium and asthma drug Singulair.
The USP researchers said 519 facilities reported on 176,409 errors in 2006. "The percentage of harmful errors has remained above 1 percent for more than seven years," they said.
Some errors could be easily remedied if pharmacies separated or otherwise differentiated easily confused drugs, said USP patient safety expert Diane Cousins.
Labels could be applied that use "tall-man" lettering -- for instance the glaucoma drug acetaZOLamide, with the "ZOL" in the middle uppercased, versus acetoHEXamide, a drug used to treat diabetes that has a similar name.
Prescriptions should include simple words such as "for sinus," "for heart," "for high blood pressure," Cousins added.
Some of the mistakes found in the survey:
-- A child got schizophrenia drug Zyprexa instead of allergy drug Zyrtec after a visit to the emergency room. "The patient returned to the ER after fainting, at which time the medication error was discovered," the report reads.
-- A patient incorrectly received bipolar drug Lamictal instead of blood pressure drug Labetalol. A few days later, the patient was hospitalized with elevated blood pressure, nausea and vomiting
Yep, Margaret died today. EOM
OT: Trivia For The "over 55" crowd:
What President threatened a punch in the nose and a kick in the privates to someone who criticized his daughter? (In the news today.)
OT: Stock Advice From "Experts":
I'd never looked at most of the boards on IHUB until the other day, I spent a few minutes looking at some.
One board (I'll not mention the name) featured the moderator listing his top 15 or so holdings, and the recent results for some of them:
..................Closed (+67%)
..................Closed (-95%)
.................Closed (-50%)
..................Closed (-70%)
..................Closed (-82%)
..................Closed (-28.5%)
..................Closed (-33%)
................Closed (+/-)
............... Closed (-37%)
And this person is giving advice?
When a man comes to me for advice, I find out the kind of advice he wants, and I give it to him. –Josh Billings
Government investigation
Reports: FDA spread far too thin
Thousands of drug, food plants going without inspections
Tuesday, January 29, 2008 3:14 AM
By Gardiner Harris
http://www.dispatch.com/live/content/national_world/stories/2008/01/29/nyt_fda_inspect_0129.ART_ART_01-29-08_A3_4S96MH2.html?sid=101
THE NEW YORK TIMES
WASHINGTON -- The Food and Drug Administration is so understaffed that, at its current pace, the agency would need at least 27 years to inspect every foreign medical-device plant that exports to the United States, 13 years to check every foreign drug plant and 1,900 years to examine every foreign food plant, according to government investigators.
Computer systems at the drug agency are so inadequate that it can only guess the number of the plants, and it cannot produce a list of those that have not been inspected. The situation is particularly dire in China, which has more drug and device plants than any other foreign nation but where FDA inspections are few.
These findings come from a series of reports by the Government Accountability Office, obtained by The New York Times, that are scheduled to be released today at a hearing of the House Energy and Commerce Committee.
The reports and a recent assessment by the agency's Science Board conclude that the FDA is so overwhelmed by a flood of imports that it is incapable of protecting the public.
"This is a fundamentally broken agency, and it needs to be repaired," said Peter Barton Hutt, a former top lawyer with the agency who will testify before the committee.
Warnings about some of these problems have been sounded for years. And there have been fitful efforts at reforms. Last year, Congress passed and President Bush signed a law that changed the way the FDA regulates the drug industry.
But recent disasters involving several of the agency's responsibilities -- a withdrawn painkiller, an unsafe implantable heart defibrillator, deadly pet food and contaminated spinach -- led to multiple congressional investigations that came up with the same finding: The agency is near the breaking point.
"Our investigation has found ample evidence that FDA inspections across the board are sorely lacking," said Rep. John D. Dingell, D-Mich., who is the chairman of the House committee. "How many more examples are needed to demonstrate that this agency is struggling and the public health is at risk?"
The Bush administration has reacted coolly to calls for more funding. Bush recently established an import-safety working group to reform the system "within available resources."
In the past 14 years, the drug agency has lost 1,311 employees and nearly $300 million in appropriations to inflation while Congress has passed more than 100 laws defining or expanding its regulatory responsibilities.
The agency's field-inspection force has suffered, particularly in the area of food. In 1973, the FDA undertook 34,919 food inspections; in 2006, that number had dropped to 7,783.
As the share of imported food, drugs and devices has soared, the number of agency import inspectors has plunged, to 380 in 2006 from 531 in 2003. Although 80 percent of the nation's drug supply is now imported, the FDA last year inspected only 30 of more than 3,000 foreign drug plants. It inspected 100 of 190,000 foreign food plants.
Countrywide chief spurns payoff:
Angelo Mozilo gives up his $37.5 million severance deal, says he wants to do "what's best" for the troubled mortgage giant.
...And I want to solemnly swear that if I'm offered 37.5 million to retire I will not take it, and I know that everyone on this board would do the same!
OT: Another old stock market story:
A young boy goes into the woods to catch a wild turkey. He's using an old-fashioned box trap: a box propped up at one end by a stick with a string tied to the stick. The boy sprinkles some grain under the box, unwinds the string and hides in the brush.
Within a few minutes a turkey comes along, sees the grain, and ducks under the box. All the boy has to do is pull the string. "Wow, that was easy," the boy thinks. "I'll wait just a bit longer and see if another one comes along."
Sure enough, a few minutes later another turkey wanders up and goes under the box. "Oh my gosh,there's nothing to this," thinks the boy. "I'll wait a bit longer and see if I can get just one more."
In a few minutes the second turkey wanders out from beneath the box and goes off into the woods. "Gosh, I was being greedy," says the boy. "I'm going to wait for that turkey to come back and then be satisfied with two."
In a few minutes, the first turkey comes out from beneath the box and disappears into the woods.
Take your profits while you can.
For patients or investors? EOM
“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
President Bush - August 5, 2004
OT: Hmmm...I believe that "false pretenses" are also called "LIES"
Study: Bush led U.S. to war on 'false pretenses'
Hundreds of false statements on WMDs, al-Qaida used to justify Iraq war
http://www.msnbc.msn.com/id/22794451/
Microcapfun-
If this scientifically conclusive and logically inarguable evidence from a blog on Overstock.Com (Your online shopping outlet)does not convince you, well...you're just hopeless!
Could be brutal tomorrow...
>I'm pretty sure, if everyone knows the market is going to tumble, it won't.<
Well, I've been doing this a long time, I'm not a Nervous Nellie, and I certainly don't want the market to tumble. However, perception is everything, and with the futures market down over 500 points the sad truth may be that if everyone thinks the market is going to tumble, it will.
I was joking!!!!
More importantly, I hope that we are not affected by tomorrow's potential market-wide bloodbath.
OT: A little humor for today, although many message board posters use his techniques exclusively!
HOW TO ARGUE EFFECTIVELY
By Stuart J. Williams, Attorney at Law
I argue very well. Ask any of my remaining friends. I can win an argument on any topic, against any opponent. People know this and steer clear of me at parties. Often, as a sign of their great respect, they don't even invite me. You too can win arguments. Simply follow these rules:
Drink liquor.
Suppose you are at a party and some hotshot intellectual is expounding on the economy of Peru, a subject you know nothing about. If you're drinking some health-fanatic drink like grapefruit juice, you'll hang back, afraid to display your ignorance, while the hotshot enthralls your date. But if you drink several large martinis, you'll discover you have STRONG VIEWS about the Peruvian economy. You'll be a WEALTH of information. You'll argue forcefully, offering searing insights and possibly upsetting furniture. People will be impressed. Some may leave the room.
Make things up.
Suppose, in the Peruvian economy argument, you are trying to prove that Peruvians are underpaid, a position you base solely on the fact that YOU are underpaid, and you'll be damned if you're going to let a bunch of Peruvians be better off. DON'T say: "I think Peruvians are underpaid." Say instead: "The average Peruvian's salary in 1981 dollars adjusted for the revised tax base is $1,452.81 per annum, which is $836.07 before the mean gross poverty level."
NOTE: Always make up exact figures.
If an opponent asks you where you got your information, make THAT up too. Say: "This information comes from Dr. Hovel T. Moon's study for the Buford Commission published on May 9, 1982. Didn't you read it?" Say this in the same tone of voice you would use to say, "You left your soiled underwear in my bathroom."
Use meaningless but weighty-sounding words and phrases.
Memorize this list:
Let me put it this way
In terms of
Vis-a-vis
Per se
As it were
Qua
Ipso facto
Ergo
So to speak
You should also memorize some Latin abbreviations such as "Q.E.D.", "e.g.", and "i.e." These are all short for "I speak Latin, and you don't." Here's how to use these words and phrases. Suppose you want to say, "Peruvians would like to order appetizers more often, but they don't have enough money."
You never win arguments talking like that. But you WILL win if you say, "Let me put it this way. In terms of appetizers vis-a-vis Peruvians qua Peruvians, they would like to order them more often, so to speak, but they do not have enough money per se, as it were. Ergo, ipso facto, case closed. Q.E.D."
Only a fool would challenge that statement.
Use snappy and irrelevant comebacks.
You need an arsenal of all-purpose irrelevant phrases to fire back at your opponents when they make valid points. The best are:
You're begging the question.
You're being defensive.
Don't compare apples to oranges.
What are your parameters?
This last one is especially valuable. Nobody (other than engineers and policy wonks) has the vaguest idea what "parameters" means.
Don't forget the classic: YOU'RE SO LINEAR.
Here's how to use your comebacks:
You say: As Abraham Lincoln said in 1873...
Your opponent says: Lincoln died in 1865.
You say: You're begging the question.
You say: Liberians, like most Asians...
Your opponent says: Liberia is in Africa.
You say: You're being defensive.
You say: Since the discovery of the incandescent light bulb...
Your opponent says: The light bulb is an invention.
You say: Well DUH!
Compare your opponent to Adolf Hitler.
This is your heavy artillery, for when your opponent is obviously right and you are spectacularly wrong. Bring Hitler up subtly. Say, "That sounds suspiciously like something Adolf Hitler might say," or "You certainly do remind me of Adolf Hitler."
Hmmm...really?
I just sold one this week to a very intelligent & savvy doctor.
I sold one two weeks ago to a very intelligent & savvy attorney.
I sold one last month to a very intelligent & savvy businessman.
I think they'd be quite interested to hear that they're not "smart".
Instant classic!
One thing that I've thought for a long time:
The pro's need to change their overtime format to the much more equitable one used in the college game.
Uh...Just kidding, of course, in response to "Give me a reason not to sell my shares" nonsense.
OT: Just don't know what to do...
I'm and adult but I need someone to talk me out of selling my house and buying a new one. Can anyone help?
Also, I'm think about trading in my car but I'm not sure if that's the right thing to do. Would everyone here that's really concerned please take a vote.
One last thing: my wife of 30+ years is showing her age. Keep her or get rid of her, that's my quandry: I'm expecting a large response on this because I know that many of you are sitting on the edge of your seats about this one.
QUIZ: Coincidence?
OT: Batten Down The Hatches (JMHO)
"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930
"... the outlook continues favorable..."
- HES Mar 29, 1930
"... the outlook is favorable..."
- HES Apr 19, 1930
"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930
"... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- HES June 28, 1930
"... the present depression has about spent its force..."
- HES, Aug 30, 1930
"We are now near the end of the declining phase of the depression."
- HES Nov 15, 1930
"Stabilization at [present] levels is clearly possible."
- HES Oct 31, 1931
This morning's open made no sense; radical, second by second changes in the bid/ask/spread with little or no increase in volume. I wouldn't touch it at the open -either buy or sell- with the proverbial ten foot pole!