Rob's Lobs

[Rob]

So who are these morons selling IMCL down over 1% in premarket? What were they expecting? $1.00/share earnings? What a bunch of idiots.

[Rob]

Imclone (IMCL) - Q3 Earnings - NICE!

Earnings Report

Analysts were expecting $0.45. ImClone reports $0.65!!!
Revenue up 41.5% to $150.7 million.
Net income up 85.2% to $57.3 million

I love it. I knew there was a good reason I didn't sell any calls or buy any puts. Whew!


In other ImClone news .....

ImClone Appoints Icahn New Chairman
Wednesday October 25, 7:28 am ET ImClone Appoints Carl Icahn As New Chairman; Interim CEO Joseph Fischer Resigns

NEW YORK (AP) -- Biotech drug maker ImClone Systems Inc. said Wednesday that it named financier Carl Icahn as its new chairman.

Also, the company said Joseph L. Fischer resigned as Interim Chief Executive, a position he has held since the beginning of the year, and as a board member. Fischer will be replaced by a newly formed Executive Committee of the Board, chaired by board member Alex Denner.

Former chairman David M. Kies and board member William W. Crouse resigned earlier this month amid squabbles between the company and Icahn.

In September, Icahn, who owns about 14 percent of the company, filed a proxy statement to remove half of Imclone's board because he said they have done a deplorable job running the company. Among his criticisms was the failure of the board to lure a talented industry executive to ImClone's helm.

[skiracer]

Well you look like you're celebrating, but that Superbowl was the Steelers and the Seahawks, and you're a Vikings fan.

Any port in a storm for free food and drinks.

[Rob]

That picture was taken at a Super Bowl party I went to in January 2006. Now you know what I was doing, right?

Well you look like you're celebrating, but that Superbowl was the Steelers and the Seahawks, and you're a Vikings fan.

I see you've already figured out how to upload your own avatar, although I haven't the slightest idea what you're doing in that picture.

That picture was taken at a Super Bowl party I went to in January 2006. Now you know what I was doing, right?

[Rob]

Optimal View Settings

Mary,

In your User CP > Edit Options > Thread Display Options, do you have your "Show Images" option box checked? If not, do it. That's the best way to view these forums. I see you've already figured out how to upload your own avatar, although I haven't the slightest idea what you're doing in that picture.

(I don't know if you use a high-speed Internet connection at home. If not, then having the images display might slow you down quite a bit.)

[Rob]

I see the literary and writing current runs through the sister's veins also.

Mary's always been a good speller. And she types about 10x as fast as I do.

[Rob]

[. . .] since I sold some eBay stock quite some time ago at a 400% profit.

If I remember correctly, you bought it for around 30 bucks in the first part of 2001. And it has split 2:1 twice since then, so that would make your entry in the neighborhood of 7½ bucks. Pretty dang good. If you follow this thread back you'll see that my last position was entered at (I think) 25.60 and exited at 28.89. In hindsight of course I should have held it. I'm a little reticent to buy it again right here, 'cause I think I may get another chance to buy it a bit cheaper, like maybe 28 or so. We'll see.

[skiracer]

I guess I'll have to start reading Rob's Lobs regularly. I haven't done much with my stock portfolio (which is contained entirely within an IRA) since I sold some eBay stock quite some time ago at a 400% profit. That was my biggest money earner since I started my portfolio and a pick I made on my own. I heard a radio talking head say about stocks, "Buy what you like." At the time, I was addicted to buying and selling stuff on eBay, so I bought some eBay stock and did very well with it. Now, I still own 40 shares of eBay and it's just kind of sitting there ... up a little ... down a little ... up a little ... down a little ... and so the story goes.

Mary

I see the literary and writing current runs through the sister's veins also. We may all have to sit down here sometime and each of us post a story to the group. Either fiction or non-fiction.

I guess I'll have to start reading Rob's Lobs regularly. I haven't done much with my stock portfolio (which is contained entirely within an IRA) since I sold some eBay stock quite some time ago at a 400% profit. That was my biggest money earner since I started my portfolio and a pick I made on my own. I heard a radio talking head say about stocks, "Buy what you like." At the time, I was addicted to buying and selling stuff on eBay, so I bought some eBay stock and did very well with it. Now, I still own 40 shares of eBay and it's just kind of sitting there ... up a little ... down a little ... up a little ... down a little ... and so the story goes.

Mary

[Rob]

GOOG Hits New Intraday High

ALERT!!! ALERT!!!

Goog (GOOG) trades at all-time intraday high!!! Developing ...

Oh, and here's another celebrity endorsement:

CNBC's Maria Bartiromo says ...

[billyjoe]

Rob,
You da man !!

---------billyjoe

[Rob]

Basically It's All Good

GOOG reports earnings today after the close. The expectation, according to Yahoo, is $2.42/share, a mere 9¢ above the Q2 number. Rob is guessing closer to $2.55, but we'll just have to wait and see.

Okay, so they only made $2.36/share. Still, their revenue was up 70% over Q3 last year. The revenue totaled a paltry $2.69 thousand million, compared to $1.58 thousand million last year.

This bodes well for the stock, eh, BillyJoe?

Since that particular image capture, it's selling back down to around $436. Just some impatient people ringing the register. Do I look scared? Whoops, now it's back up in the $450s again.

[Rob]

GOOG Reports Earnings Today

GOOG reports earnings today after the close. The expectation, according to Yahoo, is $2.42/share, a mere 9¢ above the Q2 number. Rob is guessing closer to $2.55, but we'll just have to wait and see.

[Rob]

Economic Thought for the Day

“While economic textbooks claim that people
and corporations are competing for markets
and resources, I claim that in reality they
are competing for money—using markets and
resources to do so. Greed and fear of scarcity
are being continuously created and amplified
as a direct result of the kind of money we are
using. For example, we can produce more than
enough food to feed everybody, and there is
definitely enough work for everybody in the
world, but there is clearly not enough money
to pay for it all. In fact, the job of central
banks is to create and maintain that currency
scarcity. Money is created when banks lend it
into existence. When a bank provides you with a
$100,000 mortgage, it creates only the
principal, which you spend and which then
circulates in the economy. The bank expects
you to pay back $200,000 over the next 20
years, but it doesn't create the second
$100,000—the interest. Instead, the bank
sends you out into the tough world to battle
against everybody else to bring back the
second $100,000.”—Bernard Lietaer, Former
Central Banker