Jiesen tries to take over the world

[jiesen]

Just took a small position (~1%) again in NGPS today. I was thinking to go back in all the way on CMTL but couldn't resist the value of NGPS here at 24 and change. Besides, now that I have both I'm more diversified, right?

Anyway, I plan to sell between 32-36 or wherever it happens to be (assuming it's up) when CMTL hits the 15% for another notch on the $$MM streak.

In case you missed it this was my NGPS plan (bought with half of my CMTL position $$ that I didn't get filled the second time around, because I was waiting for $30). Came pretty close to following through on this, anyway. Didn't make as much as if I would have just bought CMTL at the market then, but I believe I did it with less risk by diversifying into two great stocks instead of just one.

[jiesen]

Suprised you got out of this one jiesen, especially that it was a nice bullish break of the symmetrical triangle.

Yeah, I kinda surprised myself with that move, too. NGPS wasn't a long-term hold for me this time anyway, but I guess I sorta chickened out and took the 14% rather than wait for my original plan to pan out. I was planning originally to wait until CMTL hit my target then sell both. If I would have waited to sell it today I could have had another $1/shr or so. Oh well, I still got my 15%+ from both if you average them out, so I'm fine with the results. I'll likely put it all back into $$MM's next pick after he sells CMTL tomorrow, or later this week, and continue on with the plan.

Probably the biggest factor for me was that I was getting tired of following it- nothing about NGPS made me sell it, just my own personal fatigue setting in. I had to install my new lawn this weekend, and I'm also starting to pull some pretty nasty hours at work, now that my boss has quit... sucks to be in biotech right now- working in it anyway.

[dmk112]

Got out of NGPS at 27.8, about a 14% gain from where I bought it (24.4). Not quite as much as I wanted out of this one, but not bad either.

Suprised you got out of this one jiesen, especially that it was a nice bullish break of the symmetrical triangle.

[New-born baby]

What's his number?

my limit was hit this morning, and I'm out of CMTL with a 20% gain. I guess I should have left it at 38.9, since that also would have hit, but I'm not complaining about the result.

Thanks (again) for this excellent pick, $$MM! You are HUGE!!!

It's time to sell CMTL and make another notch in your belt!

Do you know his phone number? You ought to call him and get out while he can!!!!

[jiesen]

check out GFCI

look at it go! what's up with this one?

[jiesen]

sold CMTL at 38.6

my limit was hit this morning, and I'm out of CMTL with a 20% gain. I guess I should have left it at 38.9, since that also would have hit, but I'm not complaining about the result.

Thanks (again) for this excellent pick, $$MM! You are HUGE!!!

It's time to sell CMTL and make another notch in your belt!

[jiesen]

Sold NGPS today

Got out of NGPS at 27.8, about a 14% gain from where I bought it (24.4). Not quite as much as I wanted out of this one, but not bad either.

[jiesen]

AMLN scrip numbers are looking even better!

AMLN scrip numbers:

Week ending 9/2: Byetta 8813 of which 7455 were new. Symlin: 1508 of which 993 were new.

That's an increase of 25% for Byetta scrips over last week.
This also means that revenue is up 20% this week.

http://members.cox.net/mystock/Amylin.htm

[Websman]

I'm still in stalking mode to rebuy OFG. I wouldn't mind a little more profit from it.

[New-born baby]

OFG today

Men,
Here's OFG today. When is earnings coming out? And what is the ex-date for the divy? Can someone tell me?

This thing is primed for a surprize announcement. If it is good, it could pop $2.


On the other hand, if it is bad, it could fall down $2.

It doesn't like to get too close to that 50 day.

[dmk112]

http://finance.yahoo.com/q/bc?s=OFG&t=5d

You mean OFG, right? Filling the gap down to 14? Looks like a nice place to pick up some shares, before it continues on with its run to 15. I think that OFG seeing 15 this month is a near certainty, unless of course it gaps up to 16.

No i actually mean BVF, I think I was looking at both and blended the symbols LOL

[jiesen]

Ofg...

BFG - looks like a runaway gap to me, nice one!

http://finance.yahoo.com/q/bc?s=OFG&t=5d

You mean OFG, right? Filling the gap down to 14? Looks like a nice place to pick up some shares, before it continues on with its run to 15. I think that OFG seeing 15 this month is a near certainty, unless of course it gaps up to 16.

[jiesen]

hmmm, looks like you found a pretty good one there, NBB...

FDA approval is always key to a biotech's success. And Biovail has just received approval for their pain medication. Hooray for them! The stock definitely deserves to get a premium now for this, but how much? The 25% they've got already yesterday may be all that drug is worth, considering they're already at a $3.6B market cap. But I guess it depends on the market size potential for the drug. It also depends on what else this company has going for it. The success with Tramadol is an indication that other successes will follow, and so makes a good case for a long-term investment here. If I were to buy this, though, I wouldn't go in right now (at least not all the way). I'd save some cash for a pull-back. If it comes back to $19 or $18, back to where it was before approval, then it's a screaming buy. Right now, you may want to wait until the novelty of the approval hype wears off a bit.

Fundamentally, though, the company seems to be doing ok. They're making a profit (usually) and they don't have to sell shares to keep the company afloat. The balance sheet shows about a $0 book value, which is unimpressive, but they also do have about $1B in intangible value, and that is important, if not intrinsically valuable. Because it's a pretty established company, you're paying quite a bit for it at $3.6B, and therefore the upside potential is rather limited. So I guess you'd want to play this for $3-5 swings at a time, if you wanted to maximize profits. You probably won't see this trading at $50 anytime soon. But if you sock away a few shares for a long time, who knows? It could play out very nicely. I haven't looked too deeply into this company, so I couldn't say whether it'll be another AMLN, but I seriously doubt it. Though the market for their products is no doubt huge, they're not exactly a one-of-a-kind or first to market in their category. So margins will be tighter and competition will be tough.

Overall though, it looks like a thumbs up so far on this one, but remember that it's still a biotech, and can pull an ABRX or AAII on you just as easily as any of them, so watch out, and if you haven't really done enough homework on it, stay out, or at least use a stop for safety.

Oh, and they're Canadian, eh.

[dmk112]

BFG - looks like a runaway gap to me, nice one!

[New-born baby]

Calling Dr. Jiesen; Calling Dr. Jiesen.

Dr. Jiesen, Calling Dr. Jiesen.
You are wanted on the FA floor. You are wanted on the FA floor.

Take a look at this one. The chart says, "Buy me; you won't be sorry."
What's the FA on this one? Another AMLN?