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Presenting the XBI Biotech ETF. And since this time is different, no commentary is necessary.
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it's the future!
Got at least 100% moaar upside left.....
Lol, yup. That's how exponential curves work.
Were you not sick that day? Or was it simply memory loss??
I have a friend whose daughter is a geneticist and her comments on biotech are both colorful and obscene. She told the company she worked for she wasn't interested in stock options, pay her the cash upfront and she's decide how to spend it. Her managers think she's excessively cynical.
Yeah there are no earnings... But hey im making money.
money what money?
money is in assets
Yup. I have been positioned nicely in cash and metals ect... My #1 rule was to never fuck with biotechs. Well, that was pre QE. Now biotechs are almostlike trading s and p minis. Its fucking retarded. Mite as well make a buck before the fucker burns down. All proceeds go to tangibles anyways
same here i got a 50% over night haircut from a phase three failure.
and since then i dont fuck with a game thats rigged beyond anyones comprehension.
Yeah i hate when that happens. What you have to do is find the most rediculous pumped bullshit company with the smallest float and just wait for the fake ass PR's to hit the wire. Good for 300% gains lmfao. Then short the fuckers after the promotion ends
Comments like this are why I love ZH. I think I need to start fucking around in stock options again (famous last words).
yeah but the options trading platforms themselves are set up to loot you.
thank god this time is different. even the 27 year old paper boy that lives in his mom's basement told me.
Someone picked the wrong time to stop sniffing glue.
I am afraid commentary is necessary on this chart and is very critical.
As is usual, all ETF's make changes, just like Dow or Nasdaq or any index makes changes (i.e. delete dead stocks and replace them with profitable stocks), similar to Apple being added to Dow Jones. This is a BIG reason indices dont go down or up as much as individual stocks.
http://seekingalpha.com/news/2178555-nasdaq-makes-annual-changes-to-biot...
I believe this index will keep rising because Healthcare and Tech will keep rising. Tech and digital everything is the future and Healthcare is mandatory and as developing economies develop, there will be more healthcare spending worldwide, plus add the ageing populaitons of Japan, EU etc. For example, China healthcare spending is currently around USD 700bn, was probably USD 100bn, a decade ago and will touch USD 1 trillion in the next 4-5 years per annum!
I dont need to say much about Obamacare due to which healthcare companies are rocking.
And finally, Parkinson's, Diabetes and Alzheimers aside from Ebola etc have some cures expected in the years ahead. In some cases months ahead.
Till the time, they remove dying companies and add new and upcoming ones, the ETF may remain here or rise gradually. Some volatility is to be expected.
http://www.forbes.com/sites/matthewherper/2015/03/20/biogen-drug-could-i...
It's funny how the regulars on this board jump to the old rhetoric, when actually biotechs have been making crazy, real breakthroughs, in important therapies. Everything from ADCs to CAR-Ts, are going to change we treat diseases. While I'm as skepitcal as anyone about the iWatch I wouldn't bet against biotech right now.
Yeah we are doing some amazing stuff right now with stemcells at work. Only prob is the cost of this stuff will make healthcare that much more expensive and unrealistic.
Agree, but there are so many that have been funded and only a hand full that make significant contributions. So how does one ID them in advance? It is the same old game that burns the average investor without the illegal access.
'Breakthroughs' on various maladies have ~always~ taken place throughout modern medical history. Just keep in mind that as long as the 'breakthrough' enables the $$$margin to expand, it will be ~allowed~ to 'break through'. If not, well...
You want a real 'break through'...? Talk to anyone who has been on a 'Paleo' diet, or close, liveable variant thereof. A real 'breakthrough' is people choosing to live healthier lifestyles, which in turn would fairly well put into BK, about 50% or more of the entire medical 'industry-establishment'...
Thats right bro! The only breakthroughs that are allowed are the ones that treat, never cure! Because there is never any money in curing billion dollar ailments.
Breakthroughs like using Annona muricata and marijuana to treat cancer? But there's no money to be made on those therapies, so they are flat out suppressed.
I've worked in biotech for over twenty years. Pharmaceutical products have a high propensity to create as many problems and they hope to address. There simply isn't enough biomass on the surface of the planet to replace the amount of hydrocarbon we pull out of the ground everyday. Also consider that 1 in 13 Americans now have a lifelong autoimmune disease from the overuse of vaccines and antibody therapy.
Medical devices and Bioinformatics are pretty the only sectors within this field that contribute in a positive way to humanity.
Two words: abiotic oil.
It's funny how you disregard the amount of money available that can be spent on all these new treatments. Can any country afford to spend 90% of GDP on healthcare? On top of that you have 10 companies working on cures for the same disease and all are valued at 50 billion.
Yeah, wait for the bond crisis, when they will *necessarily* need to start cutting Social Security, Medicare, Medicaid, etc. and pensions go up in smoke. The only reason it's still growing now is because it's subsidized.
And it is all a load of crap.
Case in point: My father developed aplastic anemia and died from it. It was surmised at the time it came from the chemicals he was working with (for silk-screening) as an art teacher. Bone marrow transplants did not happen until a year after his death.
Case in point: The AIDS epidemic. AIDS mutated faster than they could develop drugs to combat it.
I could go on and on.
Standard Disclaimer #1: The next miracle cure is always right around the corner.
Standard Disclaimer #2: Next time you take a prescription drug, read the warning label. Are the number of adverse side effects greater than what the drug was intended to cure?
Your calm and reasoned response is not welcome here, sir. I just want to hear about how everything is the worst "since Lehman."
Thanks Trick.
I try not to comment but when I see something unreasonable and not well researched things being made public on a site like ZH, and if I have time, I use it to spread a perspective. Whether people agree or disagree, it is up to them. But I wish there would be more congenial and respectful discussion from various perspectives which I dont see much.
I have learnt the hard way that everything is not really dull and gloomy despite the world at a precipice of a 'collapse'. As a Buddhist saying goes : "This also shall pass".
Even if Citibank or JP Morgan would shut down, there will be literally no impact on countries such as China and Russia and to a very large extent across Middle East. To the credit of the central bankers and regulators and all the Govts, banking risk has been now reduced to onshore except for major banking nerve centres of the past ere like Switzerland or Liechenstein who will have major crises and collapses of almost everything in their economy due to their banking assets leaving which are 400% or 500% of their GDP.
Europe will also have less impact as well as in India or LAtin America than they would probably have had a decade ago since most US and EU banks have had to leave India, Russia, Latam and US banks from EU.
We will still need to eat food, use medicare, drink milk, use the net etc if US or EU economies would collapse and that is what will keep the world going. Even if EU and US they need the net and milk! :)
Stocks despite being speculative and run by HFT and electronic trading are used by all of us to trade and watch. If there was no internet, for example, then we would not have ZH to discuss and debate. Same for Alibaba or Apple or Linkedin.....We need them, for better or worse. They are the 'radio' of the fifties and the TV of the 70's and Walkman of the 80's. Every tool from an era has a time limit before they become obsolete. That is why the ETF and indices need to be replaced because they reflect contemporary stocks.
And yes, banks in US are 'worse since Lehman' but only in EU and US. not in the rest of the world. ;)
You forgot the TM after Lehman, mandated by NoDebt.
The cure to those is diet. No tech will ever replicate that. We're all gonna die of something.
time to start selling calls!!
Think I'll rename today penta witching, with the massive build of US armor surrounding the darkened Vlad-Land.
So why is the USD dumping today? That bitch Yellen open up her ugly fucking mouth?
Revenge - both ways all of the time in currencies.
I used to trade biotech stocks for our biotech analyst in a hedge fund group. She yelled at me for crappy execution, but she was hottt. What a body. I should have railed her.... Actually, I should have railed her on my trading desk. That is all.
No names?
Name of the analyst. HAHA no. Very tight body though. Liked hockey if that helps...
So you don't mean Janet Yellen, I take it? (just going by the hint about hockey)
Had an employee with an insanely hot body. She like to come into my office and bitch up a storm, but she was so sexy in the process. I would find ways to piss her off ... just because I liked the show.
Her too HA
Monster currency option strikes 121.00 USDJPY and 1.0800 EURUSD and more.
I'm trying to get with a colleague, but my others are the ultimate cock block. LITERALLY THE ULTIMATE.
She is using her thumb today. But the market will find a way around it.
Still not even close to bubble stage....
I saw this chart yesterday and had to laugh. Yellen "irrational exuberance" moment. Up 40% since funny stuff. Should end well, just like it did in the 80's, when the cure for cancer was just around the corner.
I should at least buy some puts in this out of principle.
The Fed had many opportunities to talk down financial speculation, but because they are so scared of even a 5% decline, they take every opportunity to act in a dovish way which only emboldens the market to go to new highs in the face of slowing earnings and stretched PEs.
The Fed won't EVER tighten enough to slow the train down, so the wreck is inevitable as the train continues to accelerate rapidly into bubble land.
It is incredible that what they learned from the last 2 bubbles they caused was simply to never raise rates ever again by any significant amount in some misinformed belief that nothing bad can happen if they just don't raise rates this time.
In several decades of investing, I have never seen parabolic asset price moves end well. Never.
They have nothing to "learn." They LIKE bubbles. They know full well that they are stoking a bubble. Bubbles are great if you're in the club and get a tap on the shoulder to get out before it collapses. TPTB get to then pick up assets on the cheap when the market collapses. Rinse and repeat.
I can't disagree. Their actions say they want a bubble, but they would be wise not to let it go to extremes because that just hastens the end and discredits them. That said, they have managed to blame others every time and get away with it, given a complicit media. I just don't know who is left to blame when this one deflates, but they will find someone.
It just topped out....maybe, :)
If you look at the webpage it shows -80% return-on-equity. Nice. Almost approaching Tesla levels here guys!
Obamacare passed 2010, when was ignition for this crap?
That company BMRN is one of the most overvalued stocks there are.
They suppressed so many failed clinical trials it's not even funny. They enjoy a fast-track from the FDA because they target rare diseases with no current therapies. Since they can set their own price, each therapy is close to a half a mil each. Of course, many of the patients can't afford that- so the taxpayer foots the bill!
But ride that wave, because they're going to keep rising until this whole shitshow comes crashing down. Whenever that is.
Future's so bright I gotta wear shades.
There are amazing new developemnts now in molecular biology and biotech. CAR-T therapy, RNAi therepy etc to name a few. That said, it all boils down to cost-benefit. Can't imagine a 90 year old spending $500,000 so that she can improve her brain function by 10%. Or an 85 year old spending $300,000 so that his cancer goes into remission and prolong his life by another 6 months. I think most biotechs are targeting these kind of old age diseases because they figure out that's the demographics which possess wealth. But no one knows yet whether people prefer to spend a fortune to live(a debilitated life) a little longer or die a little earlier and leave their money to grand kids. A society which opts to do the former is truly damned.
"A society which opts to do the former is truly damned. "
Isn't this exactly the way our current society is behaving? Mortgage the future for temporary pleasure?
If a biotech company hit curing male balding, IQ or aging, they just made themselves the next JP Morgan for the 21st C.
That's what all the fluff is about.
[We're not allowed to mention the other ones]