Someone tell me why I'm dumb...?
It sounds to me like this should be a buying opportunity for DNDN. The CMS review does not remove coverage of provenge by medicare; it doesn't change way coverage decisions would be made for provenge in any way. I guess now there is increased risk that provenge will be shut down in the future, but it is FDA-approved after all...
So unless there's some indirect effect where the review causes patients/doctors to steer clear of provenge, isn't DNDN still going to make money (in the near term)? It seems like the kind of review being conducted by the CMS will take quite some amount of time, since they're effectively asking for "user feedback" on whether you're having strokes.
EDIT: on that note, does this action by the CMS signal a general policy shift on new, novel drugs? I mean they claim there's the potential for increased incidence of stroke, but given how little time has passed since fda-approval, presumably they're operating on the same info. So shouldn't the FDA have caught on to this if there's a real problem? e.g., should I be afraid that (assuming benelysta gets FDA approval), CMS will open some sort of investigation with HGSI too?
EDIT2: Looks like analysts agree? (for what that's worth, lol) http://notablecalls.blogspot.com/2010/07/dendreon-nasdaqdndn-colour-on-cms-news.html
Just a heads up: I went all in on stocks in the last few minutes, thus the stock market will almost be guaranteed to plunge in the coming months.
Bought 100 shares VVUS, wrote a front month $11 call
Try here it's funner and more active http://www.fatwallet.com/forums/finance/962217/?newest=1#last
Bull is in full force today with STT releases its prelim earning two weeks before the planned date.. It certainly reminds me April 09 when WFC released its prelim earning two weeks before the planned date, which was a start of the turnaround.
I sure don't mind that
how much is interest on a margin account? Typically they require about $25k asset in the account right?
Brokers usually advertise this kind of information. Ameritrade:
http://www.tdameritrade.com/ratesfees.html#margin
Right now for under $10K, the interest rate is 9%. For greater amouonts, the interest rate is reduced.
<3 Sharebuilder. Less than 6% margin rate.
Now you can buy BP.
Hhahahaha,
Who can tell me what BP will look like 3-5 years from now with certainty? They will be the witch that gets burned at the stake during the US gov't witch hunt. Sorry, but they are the only name that people know and it is politics.
One word: SandRidge ... read about them
This. If I had extra cash I would have bought at $30 but who knows what's going to happen now.
Now you can buy BP.
What will happen now? The stock will go back over $40, thats what will happen now.
You are almost definitely correct, however that's what, 10-15% gain? If you think a 10-15% gain over the next 6 months or year is good then you haven't been keeping an eye on the market. I am expecting 20-25% and I'm buying companies which aren't going to lose billions in litigation over the next 2 years.
10-15% gain over 6 months is good. You never have to work again with returns like that; if you can repeat it of course.