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  • Shares of Amarin (AMRN -11.8%) and Horizon Pharma (HZNP -17.4%) sank after each received FDA approval of key drugs. Buying the rumor and selling the news? In the case of AMRN's Vascepa, investors are still waiting for New Chemical Entity status to make sure there isn’t a generic competitor. For HZNP, investors may doubt its ability to market its Rayos rheumatoid arthritis treatment.  [View news story]
    Arena was mainly individual investors whereas Horizon was mainly investment firms doing the bidding. When the big boys sold early (as they know whats going) the stock went south early. It's as simple as that.
    Jul 30, 2012. 12:42 AM | Likes Like |Link to Comment
  • Texas yesterday became the most populous state to say it won't participate in the expansion of Medicaid or create a health insurance exchange, joining Florida, South Carolina and three other states in rejecting these Obamacare provisions. Medicaid insurers that could be affected by state opt-outs include WLP, WCG and CNC.  [View news story]
    You leave out the point that these municipalities you link to all lost revenue through property taxes when the housing crisis ballooned and people lost their homes. Those property taxes were trickled down to the bottom rung on the ladder as the Federal and state gov'ts quit providing funding for schools in the last decade. Property taxes went up then they disappeared as people got foreclosed on. That's not a product of socialism or communism. That's a product of corporate lobbying in DC for money to go elsewhere. I.E. The military industrial complex, corporate handouts and oil subsidies, kickbacks to the US board of Realtors and the banks in easing of restrictions. Folks blaming social programs are way off the mark. Politics is always about money and the Republicans have used the Fed to fund what they are into. Now it's time to put money back into the wallets of ordinary people like firefighters, teachers, police and healthcare workers. There is no trickle down. Only trickle up under Republicans. Republican congress people are just corporate shills.
    Jul 11, 2012. 12:29 AM | 1 Like Like |Link to Comment
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