I own a small position in ICPT. But it’s down so god damned much, it is having a material effect on my day. Biotech stocks are the playground of devils, both long and short. You shouldn’t ever go long any in size, unless of course you’re interested in having a triple bypass surgery at some point in your life.
Everything looks weak, aside from oil. There is something to be said about diversification, mind you. The very shares that once served as an albatross for me are now helping to stem my losses. DVN, SLCA and TRN are all higher. I own some WFM too and that’s higher. But, all in all, GPRO, ANET and MU have shaped my day, etched in the granite of vampires, and I am bleeding red today–off by 1.1%.
Believe you me, there is nothing more coveted by me than to see the faces of my enemies liquidated by the violent cults of bull market followers. But today is not the day to celebrate, but to mourn.
Last night, I’ll have you know, I won several hundred dollars, maybe about $400, playing roulette. The funny thing about gambling is I walked away feeling victorious. Had I lost $400, I would have felt the pangs of death scratching at my temple. But here I am now, in the real world, down hundreds of thousands of dollars, tens of thousands of personal money, and I don’t even break a sweat. We, as speculators, are desensitised to the fluctuations of the market and our subsequent losses and/or gains.
Why is that?
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Because Fly is God.
Just think, its no ARWR.
It’s all in the head.
Because you can feel and fondle the $400 and know it’s real.
The stock losses are on paper and you never actually held the $$ in your hand.
Plus you figure you will get back the stock losses, but not the $400 at the rouletted table.
Totally agree with you Caddy. Monthly, and at the most quarterly, if I make a profit for that time period, I take a small percent to remind myself what it is I’m actually trying to achieve.
BALT about to get green..I can feel that!!
With the stock market, you know prices will come back and you have time on your side; with casino, it is pure gamble and you leave at the end of day, win or lose (unless you live in Vegas).
Are you still bullish ICPT after earnings and news? Thank you
So you think the Bloomberg terminal should start spitting out tokens
Maybe not tokens, but if it’s a Bloomberg I would guess cigarettes and 32 oz. Mountain Dews.
ha ha!
Oh, Pavlov’s Dog hedge fund…if you lose money a liberal comes out and slaps you around, if you make money,terminal gives you “coke”
SHLD shorts just had their heads saw’d off with a dull rusty knife.
ICPT in a word: Armageddon.
The same reason it is easy to spend using a credit card but damn difficult to spend real cash in hand.
fml 30 minutes ago I bought a single ICPT put for $5…fastest $300 I ever lost . I thought it would just drop to $140 but it’s bouncing back hard.. ICPT is going to $270 as long as Im long puts.
Down tens of thousands of dollars? What does $10,000 look like? I think I once saw a $100 dollar bill.
It’s a job requirement for speculators to be desensitized to market and stock fluctuations. Without that desensitization, one would feel an irrepressible desire to quit being a speculator.
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“… here I am now, in the real world, down hundreds of thousands of dollars, tens of thousands of personal money, and I don’t even break a sweat …”
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I wonder if those clients whose money you manage are as cool and calm as you are … or, if they “break a sweat” when they look at their account statements … given the rough sledding that 2014 has brought.
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My gosh … is that Senator Al Franken from Minnesota on the front page ?
The resemblance to the SNL character Stuart Smalley is just uncanny !!!
Oh wait …
😉
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For people under 39-1/2 years of age, here is some info about winner Stuart Smalley, played by an actor who later became a U.S. senator.
http://en.wikipedia.org/wiki/Stuart_Smalley
30%+ doen day for JDST!!! wow.
BALT is a huge sack of shit
BALT is KILLING me! Every time i think it has touched bottom it sinks lower. Usualy BALK bounces back ok, hopefully this continues.