R McCoy

Dendreon Corporation: The Next Biotech Winner

Hillel,

Could you share your thoughts on the similar post about Dendreon by Adam Fuerstien of at thestreet.com?

www.thestreet.com/_mkt...

You're probably familiar, but to recap for others: he estimated peak sales of $1 billion by 2012, and a fair value estimate of $27.

I have pinpointed the differences between the two, but I would be grateful if you could give some feedback on his model, and why you think otherwise.

Cheers to a fellow Dendreon shareholder!

New Stock Bubble Theory Picks Up Steam

Nice to know I'm not the only one picking up on a strange vibe - the FrankenMarket idea serves as a perfect metaphor. Not even a day removed from the Dow closing at a new record high, CNBC is airing commercials proclaiming victory and encouraging viewers to "buy the rally". Don't be too quick to pass this off as an attempt to increase ratings or a freebie promo for the retail brokers. It might also shed light on the predicament that the contrarian in all of us is facing - or will face very soon. Tanashian echoes my sentiment with his closing statement:



My best guess is that the markets will postpone any needed correction for the near future, and be driven higher by an influx of capital from retail investors. Without sounding arrogant, I would bet that many of these folks aren't following stochastic oscillators, MACD, or the VIX. My only hope is that if this happens I will be able to recognize it.

The confidence this group has in the market has slowly, but consistently, increased over the last five years. Recently, confidence in their economic outlook has seen considerable improvement as well. Although the wallet of an average american driver is not seeing a considerable increase in cash on hand from cheaper gas, the psyche of an average american consumer is already trying to decide between LCD or Plasma. In other words, some of these folks will take this newly imagined wealth and throw it at the companies they know and love (hence the large cap rally).

Or, we might just stumble our way through another few months of the FrankenMarket.