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This tweet by zach must be the reason its up so much today:
zach ?@zbiotech 4h4 hours ago
"just double checking this before i pop some pills, cowen has '21 and '22 EPS of $27.70 and $35.68 for $ACAD y?"
They should be out of money by now. They pulled the S-1 filing after the bio conference so some people believed they did a PP. Looks not to have been. Shame.
I took a small position about a year ago but this kept going down. Seems it can't manage to enroll trial patients in a timely manner and the market doesn't believe it can execute despite having great science. Now 50% dilution. Oh joy...
Don't care about French's best interest at heart. Find some financing before MRNA's heart stops beating.
Thats OK, their selling gave me a chance to buy the dip at my price. I'm happy.
Actually they were free shares and sold 32,000 of them at .93.
I bought some at .91 today.
I recently stepped in very briefly but got out the next day when I came to my senses. Until they raise cash and someone with deep pockets shows faith, I can't. Its one of those companies that you wonder why its so ignored if its so great.
Death Cross forming on the chart. Bearish triangle too. Should break 2.09 soon.
With ph 3 results about a year away I figure there will be plenty of opportunities to get some <$1.
That's great news.
I think Bitgold has to distinguish itself as to why its the superior service, why its unique. I can see many others doing the same thing in the future, and then this service will just be a commodity and not a franchise, as Warren Buffett would say.
I came across another similar service yesterday:
http://www.golvercard.com/
They are based in Singapore.
Its good for testing every option and for making sure it can work as advertized, including returning your cash.
I almost weakened on the first day but I've learned to let these mature for a while after an IPO. Let the enthusiasm wash out.
I really like what they are trying to do but am concerned how they will keep from ending up on the ash heap of similar efforts in the past, like E-Gold, OS-Gold, and Ebullion.
I have my doubts if it will ever be available for US Residents too. The hurdles like FATCA are formidable.
Fun to watch this one but it needs time to marinate before I jump in.
Its currently below Fib support (5.18).
The next support level is 4.51.
Schiff's Bitgold jealousy is showing:
http://www.schiffradio.com/imitation-is-the-sincerest-form-of-flattery/
I bet the remaining escrow shares go to another similar acquisition so they can build a customer base quicker. Maybe in the Far East?
He better raise funds pretty soon if he wants to remain independent.
At these prices, have to wonder why no interest in their science so it can do a decent offering?
BEARISH WARNING ON THE CHART:
There is a classic head and shoulders formation with the right shoulder almost complete. Watch if it breaks below the neckline at .14.
Fibonacci retracement level.
At .16 now, right at Fib retracement level.
Well, after a year of waiting patiently for an entry point it came the other day. In at 2.16.
Anyone know how many shares SAND has of its new holding in Bitgold?
Bitgold just did a RM with Loma Vista Capital and will be listed on the CSE next month.
"Retired" what a joke. He was forced out because he dropped the ball on getting the NDA filing and "manufacturing and quality issues" done on time.
But the Saudi oil minister said oil could go to $20 just two weeks ago. There is too much forward guidance that is all over the place.
I suspect the Saudis said a floor was in the oil price just to let US drillers believe things will turn around later this year. That will affect their capex plans (not cutting spending as much as they should), but what if the Saudis plan all along was to keep the pressure on for another year? The Saudis would want to keep pressure on them with lower prices, but also to get them to burn thru their cash before things really turn around. That is done by saying things like a floor is in when it probably isn't due to pending storage issues. Both strategies would be disastrous to US drillers.
CEF for ROTH IRA?
Does anyone have experience with holding CEF in a Roth IRA account? I have read everything available on Passive Foreign Investment Company status (PFIC)/QEF election and its confusing, or I've read conflicting information. The IRS info on it is clear as mud too. Even my tax accountant/CPA isn't sure. I don't want to jump in before knowing what to expect.
The main thing I want to know:
Are their capital gains taxes due when I sell shares held in a ROTH IRA.
Also, if in a Roth, do I need to file a Form 8621 annually while holding it and/or make a QEF election?
I'd be interested in comments from people who have dealt with this issue specifically with a Roth IRA.
Traders report Cushing could be full in 8-10 weeks.
http://video.cnbc.com/gallery/?video=3000357543
What happened here today? Down 12%.
I don't think it will hold the 50 day. No volume. I'm looking for a pullback to ~3.20.
We need positive trial results like yesterday for AHRO-001. Its an outside chance of getting funding based on good results but the clock is ticking.
I meant to post this yesterday. A mammoth cup and handle since 1980.
http://static.safehaven.com/authors/ticker/36679_c_large.png
They did not pay the loan when it was due. They defaulted. Never good.
But managing risk has to be the primary consideration.
Most of the gold and silver indexes are showing a cup and handle formation. Looks like we could have a rally in the PMs soon.
As Keynes once said, "The market can stay irrational longer than you can stay solvent."
Oil prices will need to turn around in the next 6-9 months or increasing numbers of oil drillers will be in a world of hurt. Basically, buying now is a bet that it will turn around in that time period.
Thanks.
I wish I could find current storage capacity numbers to monitor, but the EIA numbers are from September 30th. Very stale.
Refineries usually begin their annual maintenance routine as many switch over to seasonal blends right about now. So they will not be drawing down crude supply at the usual rates until they are back to normal, which will accelerate storage build up temporarily. 30 days seems to be the typical length of time for this as I recall.
Don't look for total oil storage capacity to approach 100%.
"As much as 20 percent of total, or 'shell' capacity, is left empty for safety reasons, or for blending and maintenance".
So true storage capacity is closer to 80% at best.
http://energyindustryphotos.com/largest_oil_storage_facility_in.htm
Thats pretty dismissive to say "no one has a clue on where oil is going". There are "experts" with more access to more data, contacts in the industry who have info that is not public yet. So their opinions are worth more than the average investor and should be given more weight.
Yesterday morning on CNBC Kevin O’Leary made a good point, “What happens when there is no more oil storage?” He contended that lower prices are coming because crude imports from Canada set a new record, US production has not dropped significantly, and that issue of storage is approaching.
It would help if many of the “experts” who just throw out oil price predictions made their case with details about just HOW oil will get to the levels they say. It doesn’t give us anything to evaluate their conclusions if we don’t know their premises.