RGDOIs gumshoe running fo cover on Dr. KSS and RGDO. Took the day off and just lost 60% on RGDO. Probably more by monday. Is it time for DFr. Kss to KSS his *ss goodby?
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So you were expecting a winner every time….. twat.
Given the big dialogue on the meaning of twat and the differences of British English and American English slang I will throw out a term that is used flippantly in the U.S. by many who do not know it’s dictionary meaning–dork. I even hear family members kid each other with the term as if it’s a playful word for “dummy.” It literally means “the penis of a whale.” I always chuckle to myself when I hear people freely use this term.
As will I from now on! : )
KSS uses his knowledge to analyse a bio. That leaves you to do the DD. The decision to sign the cheque is yours alone. Kss didnt lose you 60%……you did. Did you place a stop loss?….I did and got out at $6 ish. RGDO is not dead yet so I can buy twice as many shares for the same money. So tell us; why do you think it wont recover?
The class action lawsuit announced today is somewhat concerning.
Perhaps this is typical when shares lose so much…the vultures swoop in.
Would be interested in thoughts from KSS re what might have happened. Typical market over-reaction?….
One can never tell right away whether there’s really anything legally questionable behind the news (like management hiding something), but as a general rule anytime a stock releases bad news and drops by 20-50% or more in a day, there will be lawyers issuing press releases as they troll for plaintiffs for lawsuits. They aren’t all meritless suits — there are, of course, companies that do terrible things and hide mistakes — but most of the time, in my experience, the filed or threatened lawsuits don’t ever amount to much. I’d always worry a lot more about the actual bad news and what the company will do about it than about the lawsuit (in this case, I know absolutely nothing about the company, but Dr. KSS has commented widely today about the specific news and the potential things to look for).
Travis; I totally agree with what you have said here. I might also remind all that the purpose of the infotainment (news) industry is selling … Either a product or a viewpoint. Airtime sold is quite profitable & the more you can instigate controversy the more you are likely to sell. Have you ever noticed how much is spent on political ads?
Ambulance chasing.
What do you haven when you have 6 divorce and liability attorneys buried up to their necks in sand? Not enough sand…..
Two investment firms down-graded it today. One with target price of $2.00, the other with at a target price of $1.00. Management has been duplicitous at best. I’m out of this
POS. But rock on guys. Alan can tell you exactly what to do, as FOS as he is. Adios. I told you so. But, good luck to all.
Oh lookie….its been $3 recently….Dead in the water??
Of course all investment decisions are personal but your note did make me review my position when I dumped all biotechs on July 7th. RGDO is up about $0.13 and my CLDN would have been down $3.50 and DRTX down about $4.50. By forcing me to remember why I hate biotechs and withdrawing from the market I saved about $7900 on those two stocks and the profit I made by closing out all biotech positions offset my losses on RGDO. If you ever make it to St. Croix in the Virgin Islands, it will be my treat for pizza and beer. Cautiously back in metals and am holding my own on a mostly cash position. Market still scares me and I am on the sidelines waiting for a big bust in everything. BTW mitlonmoney is welcome to join us for the beer and pie (see below)
Ha Ha! Cant wait. My past Myron buys are 50% down…… And I thought bio was dodgy !! I guess its all about knowing the sector and keeping your finger on the button….not about the guru. Not sure which of us will be able to afford the pizza….. still we can toss for who does the washing up. 🙂
you are correct about small miners being a big risk. I have refined Myron’s recommendations and refuse to buy thinly floated penny stocks. However he does quite well with his larger stocks (UUUU) and industry overviews (Uranium). You are probably right on the dishwashing, but then I owned a couple of restaurants in my day so could still do it with a smile as long as it’s not a real job.
You sound like a looser..your mental attitude is all wrong, i lost 60% ,,you must factor that all stocks dont go too plan..plan b must be thought out before putting any stock…PUT your saftey belt on JOHNNY BOY buy a beer & Pie,,,and wait it out…then put a stop loss on when it gets back up……
Alan, I am simply not sure how to respond and discuss why I made my original post. To start with I am not sure what you meant by the word “twat’ so decided to do my “Due Diligence” before responding. One bad habit of mine when facing new concepts is to check the concept at Wikipedia. While not always perfectly accurate, I can usually get a very rough idea of the meaning very quickly. According to that source, the word twat is a vulgar synonym for the human vulva. The word may originate from Old Norse þveit meaning cut, slit, or forest clearing.
Since, I cannot conceive of an archaic misogynist term (I last heard in a locker-room 50 years ago) being used in a Gumshoe forum, I continued my search for enlightenment. At Merriam Webster Dictionary, I was reassured that the term meant vulva and was considered vulgar. Meanwhile Dictionary.Reference.Com confirms that twat is a slang term for vulva. They give a more detailed origin for the word: “1650–60; perhaps orig. dialectal variant of *thwat, *thwot, presumed Modern English outcome of Old English *thwat, akin to Old Norse thveit cut, slit, forest clearing (> E dial. (N England) thwaite forest clearing).”
I was almost ready to give up my search to give the word contemporary meaning when they also cited the Collins English Dictionary which confirms the vulgar and misogynist meanings of the word (female genitals and a girl or woman considered sexually [as an object]) but as a minor usage described a twat as a “foolish or despicable person”. I simply cannot believe on the basis of one comment, I would be classified as foolish or despicable. As a lifelong subscriber who regularly visits and reads the content of the Gumshoe site, I hardly believe that I should be described as foolish. As to being a despicable person, one comment should not cluster a human being with rapists, mass murderers, suicide bombers and other people I classify as despicable [Despicable, Meaning: deserving hatred and contempt; Synonyms: contemptible, loathsome, hateful, detestable, reprehensible, abhorrent, abominable, awful, heinous.]
Since, I still didn’t understand your usage of the word “twat”, I continued my search for enlightenment where the word might be used as an exclusionary tactic to silence all opposition in a debate; something that might be screamed at liberal politicians by Tea Party Candidates; yelled at Christians opposed to Sharia Law, or yelled by terrorists at all who oppose them. I found the answer in England. The Oxford Dictionary defines a twat as a stupid or obnoxious person.
I sense I am a twat in the same sense that a non believer is ridiculed by all who have become enlightened and know true wisdom. Since most of us who oppose Glenn Beck and Rush Limbaugh recognize it is senseless to argue after being demeaned and called names, it is best to walk away from the discussion.
Please continue the discussion as I will most certainly read all comments in hopes of becoming enlightened and no longer being a twat.
References:
http://en.wikipedia.org/wiki/Twat
http://www.merriam-webster.com/dictionary/twat
http://dictionary.reference.com/browse/twat
http://www.oxforddictionaries.com/definition/english/twat
Ah, the poverty of language, or is it two nations divided by a single language.
Well if your research of stocks is anything like your research of linguistics, Id love to hear what you’d recco I invest in. But your typo’s need some polishing. My understanding of twat (from schooldays) is that its a mixture of tw(it) = idiot, and (pr)at = idiot, which is a pretty innocuous insult. I can do better when really roused. At 12, having no sisters or internet to investigate, I had no idea that girls had Volvo’s.
Never mind all that. I simply didnt understand why you seemed to be dissing KSS. Following any guru is a leap of faith. Doing a John Lennon seemed unnecessary (Maharishi Mahesh Yogi once asked a glum Lennon, what the matter was (apparently Yogi had groped Lennons wife). Lennon replied ‘ If your so effin transcendental, work it out for yourself !) He never spoke to the Yogi again.
Im not exactly sure what your point was as theres no certain definition in Wiki; but my point was that no one has a perfect crystal ball. He does miracles analysing bio stock for us without access to any company’s financial data or medical test data. Anyone who thinks the (maybe temporary) RGDO failure is cause for him to ‘resign or be sacked’ by Travis, is a ………twat. Remember, no one forces you to read KSs or act on his intelligence.
Bio is a white knuckle ride…….investing in it is for play money only, like backing the 30/1 outsider in the Kentucky Derby. Hey ho when it loses, and great joy when it wins. If anyone thinks they are betting on a sure thing, then they are just fooling themselves
Off topic: Its good to see DGCannon back…….sad though to see his constipation is still troubling us.
Alan You are on to something. Here in the US the North & the South have trouble understanding each other,,,,,Or the East coast &the West coast. Some idioms do not translate/transport well. If i said you were savvy, or cowboy up or high tail it or haul ass.
would you know what I meant? Often my grand children do not understand me since they have not lived my experiences. fa
John; I am sorry to say that many are all too ready to heap scorn & abuse on those who express an opinion that does not agree with theirs. I think it is best to ignore such. Altho it is likely that we would find areas where we disagree You certainly have my support & sympathy here. fa
John, this is a pretty hilarious and classic response! As we say on the sports blogs, “Get the popcorn!”
BTW I had no investment in RGDO, so have no dog in the fight.
I have no positions in RGDO….but your post and response made me laugh out loud !
And although I do not hold to your political beliefs and I am over 60…I do respect your right to state them…it’s why this country is the best in the world.
I to bought RGDO and I bought with eyes wide open. Yes I have lost some but I don’t believe in stop loss orders buying bio stocks and penny stocks is better than the lottery as I still have something left, I will let it ride and see what happens as I still believe there is value there and I may even throw another couple of hundred at it. Dr KSS gives us an opinion which I value but you still have to choose for yourself.
I am starting my research to clarify my personal reasons for opening this dialogue. However, now is a good time to point out how totally worthless a stop loss order can be. The original article on Regado Biosciences was on April 17 and I brought in around $7. Stop losses of 5 to 10 percent would have been triggered at $6.65 and $6.30 respectively. Anybody who brought in at the peak price of $7.35 with the same percentage of stop loss would have been out of the game at $6.98 with a 5% loss or the 10% protective trade would have been executed at $6.61
I checked the record at NASD for aftermarket and pre-market transactions and cannot find any record of a sale between the close at $6.75 and the open at $3.00, Perhaps I am mistaken but I believe the drop was so fast, that there was no mechanism to cover stop losses at any price close to 6. A stop loss only causes a sale at the first price below the specified sale point which in this case appears to be $3.0
However, this is not even the smallest part of my concern and unrelated to my question. Over the years I have lost 100% as I gambled on stocks near bankruptcy. Adding insult to injury, I have to pay a broker $1 to clear them from my portfolio and establish a tax loss. So even the loss is not my major concern. I will try to get my concerns completely organized by Monday.
Frank and C193: Thanks for the support and while I know it is childish and immature, I still stand by my comments on twat as it has emerged in England to be the same misogynous term that it is in America except in cockney slang. With cockney slang in mind, I know a few women with Volvos but all of them have vulvas.
Alan, I would prefer if you just refer to me as a Jerk which is rude but acceptable.
As I said….two nations separated by one supposedly common language. In UK, a jerk is a masturbator (we say wanker). But if thats cool with you, Ill happily settle for Jerk. Vivre la difference (opps thats a second …or is it third language?)
This is the best can do….youll just have to accept its an accurate cut and paste coz I really couldnt be bothered to fake all this typing:
Order Status Executed
Order Reference HDSC9T
Date 03/07/14
Time 14:31
Stock Name REGO BIOS
Action Sell
Order Type Stop
Symbol RGDO
Quantity (my business)
Limit Price $5.50
Price $0.00
Consideration (author witheld lest you weep)
Commission £20.00
Settlement Date 09/07/14
Settlement Period T + 3
Market Currency USD
Settlement Currency GBP
FX Rate Applied 1.711249
Hope that helps
A
PS. Ah! but youve still dodged my original question. ‘So tell us; why do you think it wont recover?’
John: No one likes losing money. But the reason companies run studies of new agents is because we DON’T know the outcome. Same reason we hold sporting events…Don’t know the outcome. I’m not sure how anyone could reasonably expect a company to “know” of an allergic reaction which occurs in a small percentage of people. I mean come on. If Dr KSS had that knowledge he would not need to practice medicine/invest etc. Impugning his integrity/intentions for not predicting an unpredictable event is just unreasonable.
John,
There was plenty of after-hours activity in RGDO after the announcement and before the stock opened the following day. At least through one of my brokers, extended hours orders can be placed in the morning from 7:00 – 9:28 AM ET, and in the evening from 4:00 – 8:00 PM ET. In the case of RGDO, something close to a million shares changed hands during those extended hours. I don’t believe stop-loss orders are valid for extended hours trading, so it is true that you would have had to been on top of the situation and place your order manually, but after the news hit, you certainly could have sold the stock during the evening session for prices ranging from $5.00 (6:46 PM) to $4.00 (8:00 PM) or during the morning session at prices ranging between $3.93 (7:21 AM) to $3.00 (9:28 AM). Most of the extended activity was during the morning session, when the news had had a bit of time to percolate.
Unless you think this news is totally dire and the company is doomed to go out of business, it makes absolutely no sense to stampede for the exit with the crowd now, just as it made no sense to stampede for the entryway with the crowd due to the favorable article in Gumshoe, as many here did (quite understandably) when they threw cash at this thing at prices north of $7.00 per share.
So I guess some are looking for some wisdom to be gained from all this. I think it all boils down to an individual’s investment risk profile. When buying any microcap, nanocap, or low liquidity stock in any company showing huge, ongoing losses, any sane person needs to realistically assess what impact that investment would have on his/her portfolio (or lifestyle) if the whole thing were to go suddenly and totally bust.
Easy to say but hard to do. It’s so easy to get caught up in the frenzy of learning about a new company and wanting to quickly grab a piece of the next big thing. But if it’s really the next big thing, it will stand the test of time, and there will usually be plenty of opportunity to get in (and make money) as the story matures.
Anyway, just a few thoughts from one who has been on the receiving end of a “pinless hand grenade” on more than one occasion.
Well said RG
Gee wiz everybody, none of those stop loss prices mentioned above reach the originally claimed price of more than six claimed at the start of this blog. Ho Hum more to come when I am ready to defend myself for being a jerk.
RG, accept what you stay, but have never stayed up all night to defend a decision and am not likely to do so in the future. I will concede that you are correct and not argue your point.
More to come,
RG $5 is better than than $3 but not equal to $6 as claimed by Alan.
That is NOT what I claimed. I claimed $6 ish, and that I could now buy back double my shares for the same price. At $2.81 close, $5.50 is pretty ish dont ya know. Count it on your 9 fingers
In any event, this micro started with Jerk (you asked for it) asking whether KSS should effectively resign because of his RGDO recco. Let’s stick to the topic. I asked you to justify that snide remark. So far all youve done is dodge the issue and deflect to the perceived soft option of my retort. So speak up or shuddup Jerk.
RG and Alan, the Jerk is back in full force. I might concede that five is more than three, not quite ready to believe that it is more than $6 ish. BTW Thanks Alan for upgrading me from Twat to jerk! Will upgrade my answer on monday!
No one said ‘more than $6 ish’.Thats just your wriggling. I said $6 ish. Its there in print.
No, your not back in full force…you’re prevaricating (wiki it if you’re verbally challenged). Why wait? Tell us why KSS is a false profit. That’s what you originally implied. Are you going cold? Should we close this micro blog as a jerk jerking?
Ps Costa Rica to take first penalties…..Go Rica.
Oh shite…Holland wins again. Does life ever change?
John – John – John……… it’s time to stop this childishness. This is really getting silly. You made a statement when you started this thread and Alan is correct in asking you to present facts to support your contention. All I perceive here is some back-peddling by deflecting comments towards Alan. Personally, I think Alan provided proof of his claims (not that he had to). We all heard/read your opening statement. It’s up to others to think what they may of it. I think it’s rubbish. You don’t agree. Fine. Let it go.
Before starting this post, I would like to acknowledge that I consider Dr. KSS a highly intelligent polymath knowledgeable in the arts, literature, medicine and science. He is a very skilled writer and debater who will most likely crush any who oppose him in a war of words.
As to my experience, I have been investing in high risk stocks, options,warrants, and junk bonds for almost 50 years and have had periods of reasonable success including this year where I am up 25%. In 2009, I was up 250% before dropping out of the market for 3 years due to personal reasons. In 2013, I was down 6%. This is consistent with my focus on minerals and oil. Starting in 2008, I learned to absolutely hate biotech stocks as they implode without warning on a relatively frequent basis destroying your investment. I find my gold and oil stocks far more predictable and safer.
In terms of investing in RGDO my biggest issue was during the implosion of the company, it was almost impossible to find the historic information on the company as it is spread among three or four blogs. As mentioned elsewhere by Travis, the Search function needs a lot of work to become more useful on the posts of Dr. KSS as he covers so many off topic issues after a single article that it is difficult to find the information you are looking for without a lot of work.
So why did I buy a biotechs at all? The answer should be obvious. Gold is at a short term peak and I believe it and the miners will face a pretty strong correction. Except for some puts on McDonlad’s, I sold everything and was out of the market completely. Since there is still a strong bull market in general outside of minerals, I decided to dabble in biotechs and chose Dr. KSS as my mentor. I based my selection of four on his recommendations after filtering them for financial and market issues.
After the collapse of QRx Pharma, I reviewed my selection and eliminated CTIX at breakeven. I continued to hold RGDO, DRTX, and CLDN until today. Over the weekend, I did more research and decided to dump all three at any price close to the market open. I read every single post on the three stocks and was startled to find that there were warnings of problems on RGDO going back to April when Reasonable Guy clearly suggested that the stock was being manipulated.
Dgcannon was flamed at the pillar as a heretic by Dr. Kiss and then attacked by bats occupying the belfry at the Church of KSS for suggesting that many biotech’s fail and that based on erratic stock movements, the “Market isn’t buying their story.”
JZstoxx’s did a fairly compelling analysis that RGDO was being manipulated by the same underwriters who low balled the price at the IPO and were dumping their stock and selling the company short. Since the company only has enough money for six months any future IPO will be at lower prices which means the underwriter share will be much greater and they will own a greater portion of the company abandoning the scientists who created the company to work as wage slaves for the investors.
Even though there was ample warning, I chose to follow the worshipers at the Church of KSS and ignore the heretics. I have correcedt that situation, and since I made a small profit on DRTX and CLDN, I did not even loose 3 % on the three plays. RGDO was my smallest position and I cant even remember why it was so low.
The reason I sold the other two is that on closer inspection, 39 people and institutions own 98% of the stock of CLDN and 53 own 91% of the stock of DRTX. It wouldn’t be too hard to see a reason to manipulate the stock price before a secondary offering just as was suggested for RGDO. They get a bigger share at the expense of independent stockholders.
During my readings, I decided I would not own BNIKF due to the weak management response to Dr. KSS and his devastating rebuttal.
Respectfully submitted by the Jerk
John, very few small biotech companies don’t have a few weaknesses. If not, investing would be easy and everyone would succeed. The RGDO story is far from over. You are free to do what you want with your own money and small biotech is wrought with landmines. I don’t think Dr. KSS will begrudge you that but the comments about the Church of KSS are rather over the top and undeserved. He is strong willed and defends his opinions (espc. regarding the medical and scientific), but no one is compelled to buy or sell anything based on his thoughts. We are all finding out that there are a lot of “surprises” that can happen in small biotech. A shotgun approach of small positions in many promising companies is likely the best approach as it is a high risk high reward sector. It’s certainly not for every investor. If you want more safety then buy GILD and CELG.
If you want even more safety then buy JNJ and DIS.
Oops DR. KSS not Dr. Kiss. No disrespect intended.
John Boyd: I doubt there’s anyone who hasn’t written something, then looked back and thought ‘I could have done that better’. It’s not necessarily ‘what’ you first wrote, but the way it was written. It appeared to be from some ‘jerk’ (your word) Yahoo! diss’er looking to kick a man when he was down just because he didnt predict the unpredictable. Of course he’s fallible ! Who, outside the organisation, without the benefit of ALL the financial/medical data, isnt ? There was no reasoned argument in your original post….no facts….no data…..just a vicious, poorly written, swipe at someone who has worked his nutz off to help us, in return for practically zero payment (trust me…I know). A perfunctory diss by someone apparently sucking on the sour grapes of having just lost 60%, all planted behind a cynical question mark. I feel you misled us into attacking you, because now, you have clearly shown you are capable of better….much better. You have taken the time to construct and polish a worthy, somewhat contrite, post…something worthy of serious debate. Yes, there are questions worth reviewing. And had you started YOUR micro blog this way, all might have been sooo different.
Like many (most!) I accepted KSS as my bio guru. That’s not changed….it cannot change coz there’s no one better anywhere on the internet. The only alternative is to quit out of bio investing. You seem to say that he was (is?) your trusted mentor too. Whats changed? Was it just him that called it wrong? Where’s YOUR responsibility? You say that ‘ample signs were there’. Did you wave the red flag? Did you warn us all? I suspect the truth lays in your words ‘…who will most likely crush any who oppose him in a war of words’. You feared a tongue lashing, so kept quiet. Always remember, no one can crush the truth. Certainly KSS has frequently applauded those who have discovered a truth. He’s a scientist seeking the truth, not an egoist.
This forum offers two huge gifts: Specialist analysis and the ‘eyes and ears’ feedback of the many watchers, selflessly sharing their observations and research. Its disappointing that the ‘ample signs’ you now see so clearly, only seem obvious in retrospect. Had you been a little more proactive with your research; had you been a better ‘eyes and ears’ contributor, you may have helped to save a lot of people a lot of money. So perhaps its all your fault 🙂 If only. If the ‘signs’ really were ample, and the fall really was so predictable, we are ALL responsible for being so sloppy with our DD.
Who knows? Perhaps we may all yet benefit from this lesson.
The two saddest words in the English language…..if only.
2 PS’s
1/ I totally agree with you that the Search (or perhaps ‘lurch’) function needs a lot of work to become more useful. If it worked better, you might find that I was among the first to suggest this to Travis ages ago.
2/ You say ‘ ….the weak management response to Dr. KSS and his devastating rebuttal.’
Do you mean KSS made a rebuttal after French’s post? If so, please point me coz I missed it and Im gagging to read it.
Thanks
Alan: I don’t kow if this is what John was referring to, but this is a link to the Doc’s reply to Peter Frenchs post. You must have seen it…you don’t miss much
http://www.stockgumshoe.com/2014/06/microblog-hepatitis-with-a-c-part-two/#comment-1775788
I’m totally gobsmacked that I missed this segment. Thanks KennyG for pointing me. In fact KSS and I occasionally share ‘private’ emails, so I was (am) aware of much of this and quite a lot more thats still hiding in the cupboard. (dont worry, it doesnt affect anyones investment decisions)
Many may wonder why he deserves the status of my (our) guru. Is it because he knows so much about the science ? How can I judge….I know zip about the science. Is it because he write so well? Well, he does…. but ok, so he doesnt suffer fools gladly…..in fact he can be a vicious old curmudgeon when riled. So I have no choice but to judge him ‘on balance’. He’s stood before a jury of 100’s clever people; medical people for months..and so far (other than by snide innuendo) he’s proved infallibly truthful and consistent. All I know is what life has taught me…..and its taught me to spot a fake sheik at a hundred paces. If I even smelt a whiff of fakery….Id be gone in a heart beat.
Im still here !
Well said Alan. KSS has no crystal ball, but he knows a heck of a lot more about the science behind various biotechs than the rest of us (makes us look like dorks) and I will also vigorously defend him against any who intimate that he is gaming anyone. I too can smell a manipulator a mile away and he is definitely not in this camp. Even companies with solid ideas and solid science can have unpleasant surprises so a good strategy is a shotgun approach of smaller positions based on KSS recommendations with perhaps a few of your own hunches thrown in for good measure.
To all:
I do not question the integrity of Dr. Kss or his grasp of science and broad based knowledge. What I did protest and still do is confusing potential long term rewards with warnings of short term pitfalls. Some of the people mentioned in my last post were understandably upset for their treatment while posting short term financial warnings and I would have been too.
I personally can live with the risks associated with scientific successes and failures as in one way or another I have lived with this all my life and honest scientists adapt. Even scientific fraud is eventually exposed as with QRx Pharma. The new element for me this time around and the one that will probably stop me from investing in any biotech stocks in the future is the potential for fraud at the investment banker level and manipulation of pre and post IPO prices. Yes, I know the price of gold and silver are manipulated, but with mining, the cost of the gold and the ounces produced are generally known so the stocks of low cost producers are generally stable and stocks of high price producers will move dramatically with the price of the metal.
At my age, simpler concepts are easier to understand and base investment decisions on. I explained my reason yesterday for getting out of CLDN and DRTX and I am glad I did because I see no reason whatsoever to explain the drop in prices in the past 24 hours. I really didn’t look too hard to find a reason and if I remain blissfully ignorant, I will continue to avoid biotechs. But anybody that wants to invest in this exciting area should work to get an understanding or instinct for abnormal price movements and their cause. If you do not, you should all learn to listen to those who challenge investment decisions based on technical market considerations.
My advice to avoid the area like I am doing or learn about price movements as others have done does not apply to those who simply buy the stock and never bother to look at the price for years and just look for the pot of gold when they need the money.
John I was out of biotech as well but got back in after seeing a possible edge through the revealing of the science By Dr.KSS. I too am quite uneasy about remaining in bio,,,not because of the DR. but external world situation changes. You express my thinking well.
fa
Thanks Frank, I respect your views and am flattered.
Within your metals field, Im sure theres much we can all learn from you. I hope we meet on Myrons threads
No hard feelings I hope.
Alan
I am sure we will meet at Myrons thread where the posting is usually simpler i.e Gold Up, Gold down, buy,buy buy, sell, sell, sell.
Take note Myron spends most of his time discussing management because except for REE, there are very few technological advances. BTW, I am not advocating REE as I have lost money over the last year or so but keep on repurchasing it when it reaches what I believe is a new stable low price only to see it go lower. Thank God for gold and silver stocks that have offset my losses. Currently out of the market in all areas except for my IRA which is holding long term metals. Uranium, palladium and yes, REE, Oops forgot my 3 puts on McDonalds because I believe the company is an abomination. I don’t recommend that either as it is a social decision not an economic one.
Of course no hard feelings. You pushed me to refine my attitude towards biotechs and get the heck out of that market. I know you will save me a lot of money in the long run and it started Monday when I got out at the right prices with no great losses.
Why does this say I am posting too quickly when I was answering a direct question?
The sites on the fritz….Travis is working on it.
John I lost %90 in REE & also experienced ,,,,posting too quickly,,,,, til I followed Alan’s tip on de-subscribing & re-subscribing.
Unfortunately, I am like one of those old cartoon characters who just cant stay away.
Old timers disease??? John likewise. fa
Aan, reread my post above. I am not claiming a gift of prophecy, But I will say thank you again for my decision to abandon biotechs.
Stick with what you know. And if you know anything that’s guaranteed, pls let me know.
Im betting RGDO at today $2.91….if youd like to offer an alternative with a closing date (say) October 29th….Its a % bet. Dinner on one of us, if we ever meet.
My best
AH
Dont ya just love Gumshoe……people start as adversaries and end up friends. You dont get that on Yahoo.
Good observation, perhaps people old enough to invest in a self directed manner have learned humility. As to the RGDO bet, when I say I am a drop out of biotech, I have no basis to form an opinion; unless it is cynicism. In that case the investment bankers will force the price down to $1 before the year ends when they are ready for the next round of financing. After that it is time to buy back in assuming all other issues are clarified.
Then Im making the bet very easy for you. Give me a contra ticker for close 29 October.
Not sure of term “contra ticker”. If serious problems in phase III not sure they will find an investment banker to keep them going. In the case of stocks, it has noting to do with science and everything to do with perceived risk. In this case, their book value is $1.61 per share of which cash value is $1.49 per share. Burn rate is $4.63 so all the cash should be gone in less than 4 months. The next quarterly report is due about mid october. so the chance of continued funding could be bleak. If there is another IPO at all, it would be a promising sign.
However, short volume is rising so many are still betting on a price decline. All things considered, I would definitely say it should be less that current book value of $1.61 in October and perhaps if close to death below $1.00
Ah, your’e over analyzing….contra simply means, give me an ‘alternative’ so that we can compare on close 29th. RGDO vs ?
PS there are 10k+ stock available to you..pick APPL if you like. Im giving you 10k to 1 odds. 29th….youre the guru today. If bio is so iffy, take your pick from any stock….any sector.
Just to give you a sporting chance, I would wager that PLTM (platinum miners), STON (graveyards) and even KOL (coal miners) outperform RGDO if my over analysis is correct. Of course as to the original terms you have to be present in person to collect as do I. HAHAHA
Do you want to avg, or nail your pick……. PLTM, STON or KOL.
Ill take any or all (on avg)
Average is fine. these were selected from my long term safe acount so not expecting dramatic movement, As mentioned Think my bet is close to the original RGDO is doomed. But only time will tell and I have been wrong before and missed many opportunities.
Good Night!
Ok, so avg…. ie 40.5 + 24.58 + 19.32 = 84.4 div 3 =28.133. RGDO is at 2.91. We’ll see what 29th oct brings as a %.
Alan, different closing prices on uS stocks especially, PLTM
RGDO 2.91
KOL 19.22
PLTM 14.4
STON 24.58
Im confused??? I took those prices off Yahoo! They are screen displayed in $. The price when viewed from UK should be no different unless youre looking at after hours dealing. How are you seeing different prices? Please explain as it affects all my trading.
Heres a cut and paste from Yahoo screen today.
First Trust ISE Global Platinum Index (PLTM)
-NasdaqGM
Prev Close: 14.34
Open: 14.38
Its important we are on the same page methinks.
Oh, I see. I confused forty and forteen.(drunk again!)
Today, Yahoo! shows yesterdays close as : KOL@19.22 PLTM@14.34 STON@24.58 = 58.14 div 3=19.38 avg.
RGDO @2.91
Ps I loved STON…now thats what I call a dead safe investment !
Agree on cut and paste, here is mine
First Trust ISE Global Platinum Index (PLTM) -NasdaqGM Follow
14.31 Down 0.03(0.21%) 1:23PM EDT – Nasdaq Real Time Price
We are now on the same page and you are looking good out of the box So
carpe diem
Excellent….c u october 29th
ps dont wanna worry you but a KSS pick I own is Synthetic Biologics: SVA. Dial it up and weep. 🙂
Fraud in biotech’s? A long but very interesting read……
http://moxreports.com/
Thanks Les, the article is exceptionally long and if I still held any interest in biotechs, I would read it more carefully. Even on a fast read, I saw several symbols that were mentioned in posts on Biotech. It is a good read for the scope of fraud in the biotech area and how it is accomplished.
John
Does someone know what the next support level is for DTRX? Thanks much in advance.