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Who needs oil or copper or steel or iron ore? Do they tell you how many stairs you've climbed?
Just LOL incredible.
OT: iHub formatting-
1. If it's in all-caps it's true.
2. If it's in all-caps and bold it's truly urgent.
3. If it's in all-caps and bold and red you'd be a fool not to buy.
OT:
OT:
Sold my long-held PBR position last year. Did a quick scalp in January but don't plan on revisiting it.
If nationalization ever does happen, aren't the bondholders basically toast?
Re MEIP: One of my largest bio positions.
Full data presentation this month for Phase II study of Pracinostat in elderly patients with newly-diagnosed AML (acute myeloid leukemia). Interim data have been good.
Bouncing around a lot as traders get in and out, so your stop may get hit, but IMHO it's worth holding until the data release.
Now trading ± $2, looking for $3. Speculative!
Best of luck.
MEIP- Article from Seeking Alpha:
MEI Pharma To Move Pracinostat Into Phase 3 As Data In Elderly AML Continues To Impress
http://seekingalpha.com/article/3214466-mei-pharma-to-move-pracinostat-into-phase-3-as-data-in-elderly-aml-continues-to-impress
MEIP: Have a large position. Full data presentation this month for Phase II study of Pracinostat in elderly patients with newly-diagnosed AML (acute myeloid leukemia). Interim data have been good.
Now trading ± $2, looking for $3. Speculative!
More anti-science nonsense from an online blog specializing in anti-vaccine hysteria. It's written by Coconut Health, a company that flogs coconut oil as the cure for every disease from Ebola to Alzheimer’s.
Research your sources.
Re FGEN:
FWIW: I doubled my FGEN position late yesterday afternoon, adding at $17.60. That gives me a good-sized holding (perhaps a bit more than I originally planned) at an $18.75 average.
Underwater now, but long-term should be OK.
Dew- I started a position today in FGEN at just under $20. Seems like a good deal here, don't see how it could go much lower.
Are you in this one? Your thoughts? TIA
OT:
The latest theory from the PPHM board: some bavituximab was stolen, then copied, then mixed in other company’s drugs during trials to produce positive results.
#msg-113657810
It just doesn't get any better than this.
I agree, doubt they'll do it. But giving permission allows the administration not to seem anti-energy, while at the same time knowing that the new regulations (besides the poor economics) will put the kibosh on the whole thing.
The approval is conditional on Shell getting the necessary permits and authorizations. Since the requirements for those have supposedly been strengthened, perhaps that’s the catch.
FWIW: Took a small position in a very speculative bio, QLT Inc. (NASDAQ:QLTI). They're working on a synthetic retinoid for the treatment of inherited retinal diseases.
The CEO is Geoffrey Cox, of GTCB fame/infamy.
I spent a lot of time in North Dakota, still have friends there. While the Bakken has been a huge plus for the region, it might not turn out to be the multi-generational, almost epochal event some had predicted.
Minot rent prices collapse
April 15, 2015
http://bakken.com/news/id/237022/minot-rent-prices-collapse/
Zach Koppang | Shale Plays Media
Rumors continue to abound in the Bakken about how the boom is over and the bust is here. Despite various pipeline projects in the works and approximately 900 wells awaiting completion, economic indicators such as rent prices are suggesting that although the Bakken might not be busted, the economic landscape of the region is beginning to return to normalcy, much to the chagrin of property owners and rental agencies.
Rental prices in Minot, North Dakota, have recently taken a steep dive. The city is located on the peripherals of the Bakken formation and was a former key player for oil and gas activity. In 2013, the city had a recorded population of roughly 46,000. But now, many oil and gas firms are shifting their focus to the long-term viability of the shale play and boomtowns such as Williston and Watford City are continuing to expand in attempts to attract a more permanent workforce.
It seems rental prices in Minot are now, however, on a steady decline. Rental agencies are beginning to lower rent prices in order to attract tenants but with no avail. Despite the price reductions, one rental agency that wished not to be named has received no inquires. Average apartment prices have dropped to about $1,000 per month for a two bedroom apartment. Five bedroom houses are now renting at roughly $2,000 per month.
Currently, Prairie Property Management is offering two months free rent with a $500 deposit at a monthly rate of $1,900 for a three bed and three bath unit. IRET Properties, a property management agency operating in Minot, has listings for one bedroom apartments as low as $650 per month while three bedroom apartments are listed as low as $1050 per month. These prices are a substantial decrease from the listing prices renters were facing even a year ago, let alone at the beginning of the boom.
Amidst the slowdown, oil and gas operators are retreating further into the core of the Bakken. Recently, Halliburton announced that it would be closing its Minot facility and transferring many of the jobs to its facilities located in Williston and Dickinson. The company shut down the facility the beginning of this month due to the changing needs of its customers, Halliburton spokeswoman Susie McMichael told the Associated Press.
As activity, shifts to the heart of the Bakken, there is less demand for housing in the surrounding areas. But even in the Bakken’s core, rent prices are beginning to drop. Williston and Watford City once had rent prices that rivaled metropolitan areas such as New York and San Francisco. Tenants that were formerly sleeping in their cars due to a lack of housing are now able to negotiate rental prices in properties that were formerly able to heavily scrutinize who they would rent to.
Terry Metzler of Granite Peak Development told Reuters, “You’re starting to see prices fall this year as more units come online.” Other property managers reported that for now, they are having no trouble filling vacancies, at least in Williston and Watford City. Minot, however, seems to be facing a different issue.
Got ya'.
Maxim has been pushing ATHX for a long time, not surprised by what they're saying.
OT: By a strange coincidence, ATHX received some funding from Innovate UK, the same entity that helped BIAD.
Have a great weekend!
ATHX- I disagree, but that's investing.
This is a perfect example of program-survival bias, which Dew Diligence on the Biotech Values board calls Zebra's Law.
IMHO every biotech investor should read and ponder this: #msg-5915520
Anyway, best of luck with all your trading!
I know, been following that board for years, used to communicate with Dave, gave up my paid subscription (wasn't worth it to me)
Just saying this one is a dog.
OT: griff- just saw your ATHX post on other premium board:
Utter and total failure. Not only that, company is playing games with data, as per usual in biotech. IMHO worthless, or at best cash on hand: $.30.
Best of luck.
My friend, drug company execs must keep failed drugs alive or else they’re out of jobs.
Company launches manned rocket to the moon to build settlement. Rocket crashes into moon, killing all on board. Company PR announces: “Success! Target Reached!”
See the edit on my prior post, keep researching, just trying to help.
Good summary here:
http://www.fiercebiotech.com/story/athersys-tanks-its-stem-cell-therapy-flunks-phase-ii-stroke-trial/2015-04-17
From the article:
BOTA:
FWIW: Started good-sized positions today in two very lightly-traded but solid biotechs, both IMHO with good future possibilities: Biota Pharmaceuticals (BOTA) and QLT Inc.(QLTI).
Best of luck to all!
People feel that there is a high probability of failure for the MultiStem trial (results to be released on Sunday) and they're cashing in now on the run-up.
Vin, Flo- Wish I would have stayed with it like you guys (and of course Dew), I hope you get a double out of this.
(OT: Vin- Greatly enjoying your being lectured about cell science on the other board: what a hoot!)
That darn Flo—just another one of those here today, gone tomorrow day traders swooping in for a quick buck.
The bottom can fall out of thinly-traded penny stocks very, very quickly. Be careful, best of luck.