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Janet Yellen Can't Pop The Biotech Bubble (But The SF Gate Can)
Submitted by Daniel Drew via Dark-Bid.com,
Biotech has a special place in the heart of the gambler investor. In the modern market where the average investor doesn't stand a chance, some of them indulge their hope and turn to lottery tickets. If only they can get the next Gilead or the next Amgen, they will become the next wildly successful "maverick" investor. More lottery tickets seem to be flying around than usual lately, floating alongside the recent biotech bubble. Some have doubted if this is a bubble. Maybe it's different this time. The SF Gate pondered this exact same question 15 years ago, and the market promptly replied.
On February 28, 2000, the SF Gate published an article called "Boom in Biotech Stocks Brings Back Memories of Bubbles Past, Industry observers say it won't burst like it did in '92." The SF Gate quoted "experts" like Steve Burrill, who said, "Prices may come down 10 percent, but not 50 percent." Earlier this month, Burrill was sued for embezzling $17 million. However, back in 2000, he was still an expert biotech investor. He noted, "We are still in the first leg of a biotech rally which we expect will last another decade." Here's what happened after the SF Gate published the article.
Now, 15 years later, we have yet another biotech bubble to contend with, and this time, even the Fed Chairman has been unable to successfully top tick this market.
In the new normal, it's important to identify investment opportunities with special technical trading patterns. One of my favorite patterns that I use to identify winning stocks is called the Six Flags Magic Mountain setup.
Until the SF Gate increases its biotech coverage, the coast is clear, and the Six Flags Magic Mountain setup will continue to be a sound investment strategy.
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same time everything shat the bed
pop this Janet ... ;>)
AOL Time Warner deal popped the last bubble, but they still have token Dick Parsons on CNBC sometimes, hilarious stuff, i guess they ran out of somewhat serious African Americans.
let's see:
McDonalds guy - fired
Darden guy - fired
maybe the guys who wrote The Bell Curve were onto something?
SF is full of gays.
good report, hope you enjoyed your trip
That's most unkind. It's compulsory in America now and you should be more understanding and tolerant.
You know your're in Frisco when the first chick you meet has a heavier 5 o'clock shadow than you do.
A Catholic priest and a rabbi are walking down the street one day when they see a pair of angelic-looking 12-year-old boys playing football in the park.
The priest turns to the rabbi, nudges him in the ribs and says:
"I tell you what; let's go and screw those boys"
The rabbi looked at him curiously and answered:
"Out of what?"
Q: How do you separate the men from the boys in SF?
A: With a crowbar.
You know you're in San Francisco when you go into a bar and there are no seats on the bar stools!
Yes, a modern copy of Sodom. I'd be afraid of hellfire/earthquakes.
Stay Away!
<--- She announces a rate hike today
<--- She says everything is still fine/not fine
Wouldn't it be interesting if she came out and raised rates? I mean she'll have to sometime, right?
Regardless of what she says at 2 PM I think the indices are going to take a down turn afterwards. Everyone is getting ready for the party to end.
BIIB losing 35% of its value from its 3/20 high certainly didn't help.
"safe sectors" lol
To the moon, Alice!
Biotech has been one riskiest investments since forever, but the sheep listen to all the shiny promises without understanding just what an expensive crap shoot it all truly is.....
Guests on Bloomberg are quietly suggesting that investors move out of speculative stocks and into investments in "strong" companies. They are subtly trying to tell us that all of this speculative investing is going to end soon. Very soon.
SF Gate feels stretched...
In the new normal, it's important to identify investment opportunities with special technical trading patterns. One of my favorite patterns that I use to identify winning stocks is called the Six Flags Magic Mountain setup.
That there is some funny shit alright!! +10000
After Dot Com in 2000, it was surprising to see Dot Com 2.0 created and carry on to this day. It's as if people have no memory or common sense. But here we are with all the usual suspects telling us it is normal for companies to show no profit or product and still have the highest market cap in world history.
Maybe they are only fooling themselves.
FUCK YOU, SF GATE!!!!!!! BASTARDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
for whats its worth,point and figure target on XBI is $375. thatsanother 100points of upside. caveat emptor shorts.
A tounge in cheek article.
Hahaha.
Try again.
And then there's the Analyst over at Raymond James that figures it will be a good time to "upgrade" YRCW. And guess when YRCW reports earnings. How about tomorrow 7/30.
An for those of you that don't follow this blue chip company, this Analyst is recommending that you "BUY" this stock at $15 but doesn't bother to tell you that the stock has undergone a 1-7500 reverse split the last few years. Yes that's right Martha 7,500.
The stock is trading at a split adjusted price of $0.00201. Measured in thousands of an inch, that equals about 1/3 the thickness of a sheet of copy paper.
But looking on the bright side, 10 years ago it was trading at $471,000, split adjusted, of course. Plenty of room to run.
/sarc
http://finance.yahoo.com/q/hp?s=YRCW&a=06&b=9&c=1986&d=06&e=29&f=2015&g=m
Mesoblast no good?