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Is Stevie Cohen's Magic Biotech "Touch" Up To Snuff In The New Year? We Are About To Find Out
Earlier today, SAC Capital filed a 13G in which it disclosed an incremental 2.374 million share stake in Orexigen, or 5% of the total, which also happens to be the stock's 10 Day Average volume. Why is Orexigen special? The company is expected to announce a ruling by the FDA on whether its leading obesity drug candidate Contrave will be approved, just this afternoon. Of course, with old blue eyes indicating his last minute participation, we are 100% confident that the firm will pass with flying colors. We are also confident that i) Gerson Lehrman and other expert networks have quite a few experts on how Contrave is viewed by the regulators, and/or ii) that Sigma and SAC may well have retained the services of recent portfolio managers who in their previous life have had quite an extended facility with the nuances of the Contrave-focused metabolic processes.
The chart of the firm's drug pipeline is presented below.
We are holding our breath to find out what the final ruling is. We urge readers to join us (that said, we would not be surprised if this is the first, maybe of many, red herrings thrown by the legendary hedge fund manager to indicate that he does not have a 100% batting average when it comes to predicting FDA outcomes).
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I'm 100% confident in the integrity of our markets in Amerika, and that if there was any insider trading of this or any other security, the SEC and other regulatory and law enforcement agencies will detect it and handle it competently and aggressively.
LMFAO!
It's quite obvious it is time for cameras in all finance rest rooms.
I hear there is no privacy concern because the people watching the cameras don't know you (your privates are theirs for viewing only).
hallelujah!!!
Absolutely. Everything is on the "up & up" - except the future wastelines of those on this fine drug. Eat all you want and get skinny. Yeah right.
Sure will be fun watching all these people die on this stuff.......
rolling with laughter. you're right, they couldn't possibly have any insider info......
and the SEC is soo effective.....
our markets are now so corrupted its no surprise that there is no volume in anything any more.
It's not insider info, Stevie is just excited about the prospects of loosing a few LBS, from beneath his chin, before it becomes mandatory to submit a zip code application for the expanding real estate.
With Bernutty's commodity bubble, deflation of the waste line will be the norm. Obesity drugs will be a tad redundant.
The 500 million dollar fine Goldman Sachs paid, in order to see no one criminally prosecuted or penalized, and to walk away with tens of billions in profits from their anti-capitalistic and corrupt activities, is the 'new' model.
I suspect the new model is gonna make "Heroine Chic" look positively voluptuous.
-- Grateful Dead, "Throwin' Stones"
I'm down for some heroin, stat! Might as well get the good stuff while the gettin' is still good. Who's down for a trip to the poppy fields of A'stan? Here I doubt things will change much after the crash.
Quickly looking at today's action it doesn't look too convincing, but i guess youre never supposed to know simply from the tape on risky biotechs.
How are the Feb options looking, any bias?
yet...look at todays volume on the OREX $6 & 7 Feb puts...hmmmm.
sniffed something interesting (from CR)
http://www.mibazaar.com/egypt.html
live update on riots , etc. directly from the source.
That's amazing, what a great way to follow the uprising.
This is innovation. People can take pills to get skinny. Is this a great country or what ??
Thought this might be funny but the more I watched the sadder I got. Who knew? http://www.youtube.com/watch?v=ObaKTsPS3Xs
Get skinny and still eat my dollar menu and cheese doodles?
Wonder if the stock has priced the approval already. OREX doubled Dec 8 2010.
It will pass. This is not a market of chance and obesity is politicallly popular.
I had a large patient once who wrote on his medical history he also had "O.B.C.D. Disease"
I asked him what that was and he said, "I dunno, the doctor just said I had OBCD".
Say it fast -- it took me a second, too. Git R dun! True story.
Is this the hero or the zero? Picture wouldn't copy so click and scroll down.
Anthony Mellone's SCAM ! Macada Holding / LyfeTec / Tri-Star Holdings (MCDA.pk)
Here is Steven Cohen.
I'm thinking before any approval or a priest on his knees approves this drug, HitLarry Clitwoman should try it out first my gawd if you was to put that woman in courdaroy pants suit and she had to run for it, her thighs would burst into flames. I can here it now...wvvvt, wvvvvt, ...woosh. And gawd forbid whoever it is from HMS that has the pleasure of searching her crotch in an attempt to connect the incident to the underwear bomber.
Looking at the 13G, it's 2.3704 millions, not 2.374 millions. But oh well...
hey from the lips of the FDA to the bank account of Friends of Chuck Schumer PAC, as they say. Stevie is just a bit player here, the true criminals are the ones with the guns (the feds)
Oh no Stevie's no bit player. If possession is nine tenths of the law, and force is the whole of the law, then guess who those guns are really working for.