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  • Tetraphase Pharma's IV eravacycline flunks late stage study; shares plummet 80% AH  [View news story]
    Sep 8, 2015. 06:18 PM | 3 Likes Like |Link to Comment
  • Buying Cempra's Pullback  [View article]
    Just my 2ยข: the miss wasn't the cause of the drop. Earnings mean nothing at this point. The trial stage biotechs always trade up before earnings in the hopes that they announce positive trial results, a new partnership with a big company, or a straight up buyout. Then they trade down again if nothing new is revealed.

    Hold CEMP for the long run, trial data looks great so far, the trial is structured in such a way it almost can't fail unless some new side effect comes out of nowhere.

    The antibiotic space has been an easy way to play in biotech, I was long Trius and Cubist before they each got bought out and have been long Tetraphase and Cempra since their ipos.
    Aug 3, 2015. 02:40 PM | 3 Likes Like |Link to Comment
  • After Hours Gainers / Losers  [View news story]
    fly $HAWK, fly
    Jul 21, 2015. 10:54 PM | Likes Like |Link to Comment
  • The Makings Of A Biotech Bubble  [View article]
    I'm also being disciplined here. Got a list of biotechs I'd love to buy but not at these prices. Cashed in my small AGEN position (thanks Bret for that one), I've been long TTPH since the IPO a couple years ago and not going to sell that, also have CEMP and REGN.

    There are all these new terms that I don't think investors really understand but are throwing money at (e.g. anti-sense). These are really risky areas, sometimes side effects come out of nowhere in phase III, sometimes the FDA sends a CRL for what was thought to be an slam dunk. There will be some big hits and I will miss out on many of them. But I expect there will be some trial or approval failures in, oh I dunno, just pick any hot area, lets say cancer immunotherapy, and that will take down all the speculative names. It may take a couple years, but the chances of every drug in development being successful is 0.
    Jun 18, 2015. 11:36 AM | Likes Like |Link to Comment
  • Shudder on Wall Street as Calpers to cut ties with external money managers  [View news story]
    But if you hire an outside manager, that person can just distribute your money to the outside managers they are friends with, and so on, so nobody in the middle has to do anything but take a cut and play golf with their clients/friends.
    Jun 8, 2015. 11:44 AM | 2 Likes Like |Link to Comment
  • New Relic: Growing Enterprise Traction And Product Portfolio Expansion  [View article]
    Agreed. I've got half a position already, hoping to pick up the rest in the next couple weeks.
    Jun 3, 2015. 11:02 AM | Likes Like |Link to Comment
  • Problems Emerging On 3 Continents  [View article]
    Bret I agree with you completely, I moved to 25% cash and have been sitting on it for months now. The problem is so has everybody else. We're all unwilling to pay more for stocks and are waiting for a correction. It won't happen without a new catalyst, there is too much money on the sidelines waiting to get in, everytime the market drops a couple percent with no real cause buyers come in. Something has to scare people away- anemic growth isn't scary, its just anemic. Greece has been talked about so much it isn't scary anymore. A one and done rate hike has been mulled over for so long it won't matter either. Until something unexpected happens a correction won't happen either.
    May 28, 2015. 04:18 PM | 8 Likes Like |Link to Comment
  • Salesforce reportedly approached by potential buyer; shares +15.4%  [View news story]
    sales people get very little stock and its mostly through a limited employee purchase program, they work on commissions. Its the engineers that get loads of stock.
    Apr 30, 2015. 12:37 PM | Likes Like |Link to Comment
  • Salesforce reportedly approached by potential buyer; shares +15.4%  [View news story]
    The cloud? Larry is trying to take over the world, the cloud is part of the world, so yeah.

    The more I think about it Microsoft makes a lot of sense, they could scrap dynamics which has never been much of a competitor. Also while Salesforce is an all java shop, the salesforce1 platform could be migrated to the CLR behind the scenes, in fact a lot of the apex developers were C# guys.
    Apr 29, 2015. 04:31 PM | 4 Likes Like |Link to Comment
  • Salesforce reportedly approached by potential buyer; shares +15.4%  [View news story]
    Its Oracle, unless somebody else just came out of nowhere with a massive offer, first serious talks were around a year ago. Doesn't mean it will happen, but its much more realistic now than it was before, frankly Larry wanted Marc to take it all over before he "retired".
    Apr 29, 2015. 03:41 PM | 4 Likes Like |Link to Comment
  • Micron pares gains due to light guidance; cost declines boost EPS (updated)  [View news story]
    people need to stop celebrating, only thing that matters is how it trades tomorrow (No position)
    Apr 1, 2015. 05:08 PM | 2 Likes Like |Link to Comment
  • Micron: Memory, Oligopolies And Valuation  [View article]
    Timely piece, thanks again for your insight Russ.

    Apr 1, 2015. 12:22 AM | 2 Likes Like |Link to Comment
  • Bloomberg: Apple delays production of 12.9" iPad to September (updated)  [View news story]
    larger ipad = good for $GLW
    more devices needing more RAM that can't be built because of supply issues = good for $MU
    Mar 5, 2015. 04:51 PM | Likes Like |Link to Comment
  • Makers of pricey drugs working on new payment model  [View news story]
    "securitized and sold to investors"

    yay more financial engineering, debt backed by peoples health sounds just fantastic and not at all prone to fraud.
    Feb 19, 2015. 01:20 PM | 3 Likes Like |Link to Comment
  • 3 Takeaways From AIG's Fourth Quarter, 48% Upside Still Possible  [View article]
    Good article. Frankly, I see almost no downside to AIG, but until they improve execution and P&C and accelerate buybacks, well there isn't much upside either. I own it because I figure someday these things will happen and until then there's not much risk.
    Feb 13, 2015. 12:56 PM | 2 Likes Like |Link to Comment