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You stay away from Baker Brothers stocks (BB)? SGEN and BCRX are Nasdaq.
Take a look at SGEN and BCRX. Both are BB stocks. And I think both are primed for an increase.
I think BCRX looks quite attractive if it retraces to 8.00. Similarly, I really like SGEN at 30.
Something you may not find elsewhere...
The BBs and the R0+h$ch!1d$ are close.
There should be a board just about Baker Brother plays and I'm serious. I'm not sure there is anyone better out there, especially in biotech.
They're also really, really nice guys.
I hope I'm wrong, too. I may very well be.
My post might have gone parabolic, but I think most people don't understand how close we were to widespread pandemonium in '09. A bankrupting run on banks nearly happened. That is when the mess truly hits the fan.
The Dow is near an all-time high; however, volume has been sharply decreasing since '09 and has been stagnant overall for about a decade. The Fed has flooded the markets via big banks and created an overbought, criminally overvalued syndicate. Add in the hyper-inflationary interest rates and we are set for an impending market and debt bubble that will render a much harsher crash than '09, which didn't hit Main Street on a level that would wreak martial law.
Thanks.
I'm looking at BIDU breaking out of a resistance line starting from April '12. May look for entrance upon a slight retrace as long as it doesn't fall below 88.
Also seeing AAPL forming an inverted H&S. Looking for a retrace to 475-480 and then back down to 440-445 before breaking the downward trend from September.
I see GNK running to 2.50 before testing the previous support, which is now resistance.
GOOG is sitting on the hourly support line starting from mid-April. If it breaks below and posts a short retrace upward, I'm looking at some puts.
IDCC formed a double-top, with a lower low established last month. The weekly stochastics show a downtrend since last September despite the upward trend of the stock.
Looking for SIGM to cover the gap at 4.45. Not certain here, though.
SINA has broken out of the resistance line starting in late '11. Hate the gap below, though.
Please tell me what you think about ZNGA. I like the chart and think the stock will explode if they form a business relationship with a brick-and-mortar casino in order to bring real poker to a massive userbase. I'm not so keen on Zynga as it is, but poker can create can a multi-bagger here. I'm eyeing January '14 calls.
What calls are you considering?
Jan 5 calls @ .24 x .27
If ZNGA links up with a (small) casino, look out.
Augusta (and others), would you mind looking at ITMN? Thanks.
Consolidation.
Something's up.
Which board? Orions? My guess is that they feel that the retrace is over.
Something's up.
Bump
T minus...
Very strong money flow in my posted chart. Compounded by cup-and-handle and golden cross, we gave a great setup. Now just need something from the company that verifies previous press releases.
A request from someone who is considering SAPX...
What are the greatest risks and possible threats to the company and its shareholders? I've done some research on SAPX. Given the volume of posts on this board, though, it is difficult to narrow down the due diligence.
For example, has there been a discussion about possible dilution? Is a reverse split on the table? Is there an event in the near future that weighs heavily on the stock?
Many thanks. I know my request is rather general.
Good question. Why will SAPX make a move? I see many posters claiming that it will be the next PEIX, etc. and that the stock has a low float, but I have yet to read the reasons or a move.
Ever grab a piece of SGEN? 12.50 (12.29, actually) ended up being the lowest low, which was hit on the next trading day.
.4126
Think IGC will see heavy resistance at .50 to .53. Break above that and... ?
Volume and price action tell me that there is an expectation or knowledge of news around the corner.
Could go lower. Have no expectation of it, though. I worry about the market dragging down WEBM like it did last time, but I think that WEBM is poised to move higher given repurchase, upcoming quarterly, and low price. I do like the charts.
I nibbled a little this morning.
The previous repurchase was announced on 12/16. The stock opened at .77 (with a volume nearly the same as yesterday's) and spent the next week trading between .90 and 1.10. The following week the stock doubled to 1.97.
Watching closely. May re-enter.
If so, then three years is fair.
The stock's direction will be decided shortly.
Baker brothers bought $18m more of SGEN this week.
I did not claim that this is dilution but instead that the company appears to be preparing for dilution due to the vote for doubling authorized (when outstanding is well under current authorized).
Good news but not sure why you are replying to my post. Dilution is still on the table. Hope for the best.
The biotech that I'd play after its fall is SGEN. I'm looking for an entry at 12.50.
Looks like the primary reason for the shareholder meeting is to clear the way for dilution.
The company just needs substantive news and the products of such. Otherwise, the company has no choice but to hemorrhage.
I agree that Wells Fargo doesn't have a history of investing in scams. Investment banks and large funds can and often do get taken for a ride, though. For example, look at China Biotics and its top institutional holders before the bottom fell out.
If they don't exist, then IGC will find its way to zero when the market realizes IGC is a scam. If they do exist, then I doubt they're still waiting on IGC. In my opinion, $200m is a meaningless amount.