The 'pixie'? Cute, but certainly is suggestive of some sort of emotional attachment to this company, hence I cannot take your article as objective rebuttal.
"I cannot sit idly by and let hundreds of innocent investors. many of whom have put their life savings into the Pixie because of its brilliant technology, and were hoping to ride tihis rocket into a comfortable retirement."
One comment: please friends, diversify. I have no idea if the 'pixie' is a rocket to the stars or a rocket up the wazoo, but no prudent speculator or investor should put their life savings into a development stage company in a field as competitive and complex as touch screen display technology.
AMD (AMD +9.7%) just won't take a breather. Share are now up 42% on the week even though the chipmaker hasn't seen any major news and has been hit with a downgrade. Bernstein speculates enthusiasm about AMD's next-gen console design wins is responsible, but they've been well-known for some time. Is a major short-seller or two covering? Is an activist investor moving in? Regardless, shares are up 57% YTD in spite of a pretty ugly Q1 for PC sales. [View news story]
Thanks for the jinx, AMD just got hammered. Perfect timing.
The Bakken and Three Forks shale formations in North Dakota and Montana contain twice as much oil as the U.S. thought they did five years ago - 7.4B barrels of undiscovered, technically recoverable oil - according to a new assessment by the U.S. Geological Survey. The formations also are estimated to hold 6.7T cubic feet of recoverable natural gas and 500M barrels of recoverable natural gas liquids. [View news story]
Yep, all recoverable but at what cost? Wells being drilled now for fields other than the biggies have cost structures that are not profitable at current oil prices. So prices must rise or supplies will really tighten. Same old story.
"Enough already!" There's a lot more to this bull market than the Fed's liquidity hose, says Citi's Tobias Levkovich, reminding earnings have risen right alongside stock prices, but what hasn't gone up are valuations. Capital spending, housing, consumer spending, and employment may not all be where we'd like them to be, but all have improved materially. "Ignoring economic facts to make a liquidity point just does not seem to make a whole lot of sense," he writes, advising to buy any equity wobbles should the Fed signal an easing back on the accelerator. [View news story]
Toby is a blind bull it seems. Current earnings are quite pathetic, but worse, the outlook for the future is pretty dismal according to most of the CEO's doing conference calls. I haven't seen such poor guidance, and such poor revenue growth in a long time. Toby is seriously biased and will end up shedding tears. Boo hoo.
Are We Watching Celsion Rise From The Grave? [View article]
I'll agree with Adam if the time period of RFA application was one of the variables under study going into the trial (one of the study strata). If not, it is acceptable and credible to slice and dice the outcomes based on other data collected along the way, in order to find correlates with outcomes. Any relationships found in this manner would require further rigorous studies designed specifically to test the findings under double blind, scientifically controlled methods. So while the recent announcement may give some life back to Celsion, extensive (and expensive) additional trials would likely be required.
Goldman Sachs thinks today's weakness in Intuitive Surgical (ISRG -4.7%) is a buying opportunity, on the back of what it calls a "solid" Q1 report. Procedure growth may have fallen short of expectations, but Goldman thinks the slowdown looks consistent with trends across the space (seasonality, declines in hospital admissions), and the impact from negative headlines, while unclear and will take time to prove out, are not material. [View news story]
They won't blame the system, they'll blame the training of surgeons, which has been a minimal joke. Training costs money and ISRG has been cutting those costs by cutting the training.
UniPixel (UNXL -13.3%) adds to today's losses after Citron Research takes aim, stating talks with a director at i-bank Alvarez & Marsal lead it to believe "Unipixel sold 50% of UniBoss to Kodak for [$12M]." Citron adds the deal is payable in installments, and that it believes it makes UniPixel worth less than $5/share. Citron: "Shareholders should demand an immediate 8-K filing with full disclosure of the complete terms." (stock offering) (Kodak deal) [View news story]
Maybe Kodak has some proprietary technology that UNXL requires, and access to it was structured in the $12m deal, including partnership. Don't have a clue, just suggesting this may be a factor?
Maybe it’s no coincidence gold’s massive selloff is taking place on the same day U.S. tax returns are due, Marketfield's Michael Shaoul surmises, pointing to the need to raise cash to pay substantial capital gains due at tax filing. If sellers waited until the last day, it might have sparked selling pressure to plunge through key support at $1520; at that point, "a substantial wave of panicky selling was always likely to take place." [View news story]
That is one of the weirdest explanations for a commodity price drop I've ever read. Far fetched.
Weakness in commodities is not a sign of a global slowdown, it's actually good for stocks, says Douglas C. Lane & Associates' Sarat Sethi. A lot of “hot money” is moving out of the sector as the dollar rallies and “stuff” gets more expensive, and its likely to flow into growth opportunities as opposed to traditionally defensive sectors like utilities and consumer staples. His recommendations: global manufacturing companies such as Danaher (DHR) and Emerson (EMR), which his firm owns, as well as transports, notably airlines. [View news story]
Gold (and other commodities) withered in the 1980's while the Dow Industrials rose from 680 to 2400.
The expropriation of wealth that happened in Cyprus will happen everywhere, warns Marc Faber. Growing wealth inequality means that the wealthy have nowhere to hide and similar events like those in Cyprus will happen in more countries around the world, including developed nations, where wealthy people will lose part of their wealth, either through expropriation or higher taxation. "You have to be prepared to lose 20 to 30%," Faber says. "I think you're lucky if you don't lose your life." [View news story]
Deposits over €100K at the Bank of Cyprus will be taxed at 62.5%, sources tell Reuters. The figure is far greater than officials originally indicated. Customers will get 37.5% of their deposits over the €100K threshold in bank shares while the remainder of their cash "may never be paid back."[View news story]
The old world: income taxation; the new world: asset taxation. Soon to be ubiquitous.
"The big opportunity over the next two years is the low-end phone market," Gene Munster tells Bloomberg, expecting Apple's (AAPL) earnings growth to return in H2 and reiterating his Buy rating on the stock. Munster sees just a modest increase in the dividend - from $10.60 to $14 - and no bump in the buyback. Shares +0.3% premarket. [View news story]
Apple will never be the same again without Jobs, he was one in a billion with a B, a 10 sigma genius. AAPL will struggle for years to come.
The big Shenandoah oil deposit, potentially one of the largest discoveries ever in the Gulf of Mexico, could contain 500M-1B boe, Citi analyst Robert Morris says in backing his Buy ratings for Anadarko (APC +3%), Cobalt (CIE +7.7%) and Marathon (MRO +0.8%). The discovery could boost APC's profits by $3-$6/share, CIE's by $2.50-$5/share and MRO's by $0.75-$1.50. [View news story]
davidingeorgia, let's say the new field yields 800,000,000 barrels, that's 10 days of world demand. Only 10 days. The world is burning 1,000 barrels a second, yes 1,000 barrels a SECOND. So keep those discoveries coming (like, every day forever).
4 Medical Device Companies, 4 Completely Different Stories [View article]
And not a word about the deaths and botched surgeries caused by da Vinci, not a word about the massive law suits being filed against Intuitive Surgical, hmmmm. Damn those details!
In the two decades through December, the average return of all investors in U.S. stock mutual funds was an annualized 4.25% vs 8.2% for the S&P 500. That translates into a difference of $25,467 for an investment of $10,000. "The dismal truth is that over the long run, the average person is a woeful investor," writes the NYT's Jeff Sommer. [View news story]
This is pretty dumb. Looking at the SPY ETF (proxy for S&P500), 1993 was a low point for the ETF, it then exploded higher and peaked in the year 2000, collapsed for two years, got back to the 2000 level in 2007, collapsed again for three years, and as at Dec 2012 ended the year a percent or two below that 2007 peak. The fact is the SPY ETF went virtually nowhere overall between 2000 and 2012. Of course this doesn't account for dividends of about 1.5% per year, but that pales against the documented returns from the cherry picked very low starting point in 1993. The 20 years included a huge amount of volatility that has not been accounted for, and for a valid comparison with mutual fund returns, beta must be included. The article makes it seem that wow, investors really could make money in the market in the past 20 years. However, it all depends on your starting point. Try starting the study in the year 2000 and see how mutual fund performance compares with the SPY.
Barron's UNXL Diatribe Exposed: CEO Letters Prove Hatchet Job [View instapost]
"I cannot sit idly by and let hundreds of innocent investors. many of whom have put their life savings into the Pixie because of its brilliant technology, and were hoping to ride tihis rocket into a comfortable retirement."
One comment: please friends, diversify. I have no idea if the 'pixie' is a rocket to the stars or a rocket up the wazoo, but no prudent speculator or investor should put their life savings into a development stage company in a field as competitive and complex as touch screen display technology.
AMD (AMD +9.7%) just won't take a breather. Share are now up 42% on the week even though the chipmaker hasn't seen any major news and has been hit with a downgrade. Bernstein speculates enthusiasm about AMD's next-gen console design wins is responsible, but they've been well-known for some time. Is a major short-seller or two covering? Is an activist investor moving in? Regardless, shares are up 57% YTD in spite of a pretty ugly Q1 for PC sales. [View news story]
The Bakken and Three Forks shale formations in North Dakota and Montana contain twice as much oil as the U.S. thought they did five years ago - 7.4B barrels of undiscovered, technically recoverable oil - according to a new assessment by the U.S. Geological Survey. The formations also are estimated to hold 6.7T cubic feet of recoverable natural gas and 500M barrels of recoverable natural gas liquids. [View news story]
"Enough already!" There's a lot more to this bull market than the Fed's liquidity hose, says Citi's Tobias Levkovich, reminding earnings have risen right alongside stock prices, but what hasn't gone up are valuations. Capital spending, housing, consumer spending, and employment may not all be where we'd like them to be, but all have improved materially. "Ignoring economic facts to make a liquidity point just does not seem to make a whole lot of sense," he writes, advising to buy any equity wobbles should the Fed signal an easing back on the accelerator. [View news story]
Are We Watching Celsion Rise From The Grave? [View article]
Goldman Sachs thinks today's weakness in Intuitive Surgical (ISRG -4.7%) is a buying opportunity, on the back of what it calls a "solid" Q1 report. Procedure growth may have fallen short of expectations, but Goldman thinks the slowdown looks consistent with trends across the space (seasonality, declines in hospital admissions), and the impact from negative headlines, while unclear and will take time to prove out, are not material. [View news story]
UniPixel (UNXL -13.3%) adds to today's losses after Citron Research takes aim, stating talks with a director at i-bank Alvarez & Marsal lead it to believe "Unipixel sold 50% of UniBoss to Kodak for [$12M]." Citron adds the deal is payable in installments, and that it believes it makes UniPixel worth less than $5/share. Citron: "Shareholders should demand an immediate 8-K filing with full disclosure of the complete terms." (stock offering) (Kodak deal) [View news story]
Maybe it’s no coincidence gold’s massive selloff is taking place on the same day U.S. tax returns are due, Marketfield's Michael Shaoul surmises, pointing to the need to raise cash to pay substantial capital gains due at tax filing. If sellers waited until the last day, it might have sparked selling pressure to plunge through key support at $1520; at that point, "a substantial wave of panicky selling was always likely to take place." [View news story]
Weakness in commodities is not a sign of a global slowdown, it's actually good for stocks, says Douglas C. Lane & Associates' Sarat Sethi. A lot of “hot money” is moving out of the sector as the dollar rallies and “stuff” gets more expensive, and its likely to flow into growth opportunities as opposed to traditionally defensive sectors like utilities and consumer staples. His recommendations: global manufacturing companies such as Danaher (DHR) and Emerson (EMR), which his firm owns, as well as transports, notably airlines. [View news story]
The expropriation of wealth that happened in Cyprus will happen everywhere, warns Marc Faber. Growing wealth inequality means that the wealthy have nowhere to hide and similar events like those in Cyprus will happen in more countries around the world, including developed nations, where wealthy people will lose part of their wealth, either through expropriation or higher taxation. "You have to be prepared to lose 20 to 30%," Faber says. "I think you're lucky if you don't lose your life." [View news story]
Deposits over €100K at the Bank of Cyprus will be taxed at 62.5%, sources tell Reuters. The figure is far greater than officials originally indicated. Customers will get 37.5% of their deposits over the €100K threshold in bank shares while the remainder of their cash "may never be paid back." [View news story]
"The big opportunity over the next two years is the low-end phone market," Gene Munster tells Bloomberg, expecting Apple's (AAPL) earnings growth to return in H2 and reiterating his Buy rating on the stock. Munster sees just a modest increase in the dividend - from $10.60 to $14 - and no bump in the buyback. Shares +0.3% premarket. [View news story]
The big Shenandoah oil deposit, potentially one of the largest discoveries ever in the Gulf of Mexico, could contain 500M-1B boe, Citi analyst Robert Morris says in backing his Buy ratings for Anadarko (APC +3%), Cobalt (CIE +7.7%) and Marathon (MRO +0.8%). The discovery could boost APC's profits by $3-$6/share, CIE's by $2.50-$5/share and MRO's by $0.75-$1.50. [View news story]
4 Medical Device Companies, 4 Completely Different Stories [View article]
In the two decades through December, the average return of all investors in U.S. stock mutual funds was an annualized 4.25% vs 8.2% for the S&P 500. That translates into a difference of $25,467 for an investment of $10,000. "The dismal truth is that over the long run, the average person is a woeful investor," writes the NYT's Jeff Sommer. [View news story]