I can’t understand what the hell these companies do!
For the life of me, I read through their statements and listened to their conference calls; but it’s all mumbo gumbo–frankly. Biotechs are nothing more, or less, than high stake gambles. The scientists assigned to these companies couldn’t care less about share prices and don’t mind sending in drugs for FDA denials, just so they could fine tune it for approval later. Bear in mind, this coming from a man who owns a large position in RPTP should come across as “all the more credible” and entirely “genuine.”
I like CLDX, CGIX (thin), RGLS, ENZY and maybe a little ONCY.
If you want to gamble a lot, have a look at AMRN. One of their stupid drugs were cast aside by the FDA last year and is up for review RIGHT NOW. The FDA promised to give them an answer by 1/15/13. That means: the stock is either going to crater or soar within two trading days.
GOOD LUCK!
The truth is, there are many biotech stocks that I want to buy now, since they’re all running, looking all cool and stuff, showing their swagger with extreme imprudence. But I had to check myself, not once, but twice. I have enough tied up in RPTP and if I took my cash and bought another biotech hand grenade, I’d be placing myself into the hurt locker, without any means to detonate the device. I’d just be sitting there, like a paradiddle, waiting to explode.
If you enjoy the content at iBankCoin, please follow us on Twitter
Ask Adam Fuerstein about them
So what he’s bearish on them. Unless he knows what the FDA will say, he means nothing now.
Adam Feuerstein knows nothing.
I was joking. Adam F hates everything as much as he hates himself.
It’s easy to hate on biotech because most fail. He is a total hack.
Adam Feuerstein is the Jim Cramer of biotech.
Whatever happend to your aversion to being “caterpillared” by lit stick of dynamite in each hand and prehensile toes?
__________
Jake is still alive!
ONVO just cratered. News?
pumps crash from time to time
Yes, I sold the top 🙂
all-in on AMRN. makes it easy for the year. i’m broke and dead or a millionaire.
YOLO!
The FDA is not known to reinstate special protocol assessments once it revokes them as it did with $AMRN. You have a very high risk tolerance holding this one thru the 15th.
Web is crawling w/ AMRN longs from $14 to $1.50. Going to $4.50 give triples or doesn’t even move the meter depending. I’m insanely aggressive. But not that insane.
He’d probably being against penicillin back in the days.
$mjna is a name that is showing an incredible strenght and support. just sayin . multi bagger from here if this is the new entry price.
don’t know much about other minor names , but know that this name has been invested by funds
hottest sector is gold/silver
ironic goldman market downgrade
OXBT OPK ONCY – my big ‘O’ trio
PCRX is my fav biotech.
In other news the market is giving it to me good and hard.
Paradiddle!!!
I have an english degree and I had to look that one up.
You’re an interesting fellow . . .
tvix paying off
Speaking of biotech, I’m curious what your thoughts are on OHRP? Their big thing, squalamine, has been fast-tracked for FDA approval. I got in @ $8.03
Didn’t you read the post? I have no idea what these companies do.