by Jack
Remember that pharmaceutical stock I suggest you take a look at as I felt it was bottoming and due to surge because of excellent testing results on Hep-C? Well, it went up almost 6% today. That’s right, it went up exactly 5.87% in just one day! You could have bought it for around $6.90 a share yesterday and sold it today for $7.40 a share. That’s some quick turn around! In fact it’s almost unheard of in this weak market place.
I rarely make announcements on stocks that I’m following because I would hate to say, buy this stock and then you lose money, so I only due it with great care, when I am almost certain it’s ready to shoot up. To prove my point, out of the 6 stocks over the last few years that I have mentioned, every single one without fail has surged and made substantial gains almost right after the call. The odds of that happening by coincidence are off the charts.
ACHN is probably due for a correction soon, so I make no calls on the short term direction when it’s popped this much in a day. However, I’m pleased this stock was one of the top performing stocks today. You would have made an equivalent to 2 years worth of interest income on a savings bond in just 24 hours if you bought the stock right after I mentioned it. Hope you did and then you took the profits!
If the clinical trials continue as well as they have so far, I see ACHN trading above $15 within 12 months, unless the stockmarket tanks or someone else beats them to the patent office .
“In fact it’s almost unheard of in this weak market place.”
Weak market? 14500 plus? Right where is was before the crash, in fact.
But us peasants, our wages are still diving, in real terms.
Jack … shove it.
“Jack….shove it.”
Libby, I know you still love me! ; )
You’re just mad because because your slice of the economy keeps getting worse. Well guess what? Mine too. It’s because of your guy Obama, not Wall Street. His policies have been counterproductive to a healthy economy. The numbers you see on DJIA or NASDAQ are just numbers that don’t accurately reflect the true health of the whole economy. We’ve got a record number of Americans drawing food stamps, check it out, “Enrollment in SNAP (food stamps) has surged 70% since 2008, reaching a record 47.8 million Americans in December. Even more shocking, that means 15% of the country receives the benefits, nearly double the rate as in 1975, when the U.S. suffered from soaring inflation, a recession and an oil crisis. As a result, the U.S. spent a record $74.6 billion on food-stamp benefits last year, more than double what the program shelled out before the Great Recession.”
Now that’s a pretty good indicator Obama hasn’t done much to help the lower and middle class go anywhere but down.
This was written just days ago and it’s right on: “The stock market suddenly discovered something yesterday: The economy really isn’t doing that well. So stock prices fell sharply, as did most commodities.
Anyone who reads this column already knows about the economy’s ongoing problems. Wall Street is only now coming around to the truth.
Stock markets have their up and down days. Lately, however, the market has mostly been going up.
Yesterday was the exception, as the Dow declined 265.86 points and all the other major indicators also suffered big losses.
So let me warn you again: The only thing this market has going for it is the Federal Reserve’s persistent money-printing operation. And that’s starting to get opposition from governors on the Fed’s board, who realize quantitative easing — as that program is called — isn’t working.
Despite all the money being thrown around by the Fed, the economy is slowing. And it’s not just statistical aberrations causing the slowdown.
Worse, there is a currency war going on between Japan and the rest of the world, which should be front and center at the G-20 meetings this week. And there’s a pesky little country called North Korea threatening evil nuclear things.
Be careful if you are relying on this market to pay your bills. If you can’t afford to lose 20 percent of your assets, get out.” NY Post.
Libby I could write pages on why I think we’re in trouble and facing a serious reversal of fortunes, but by now with all the information available, if folks still believe in Obama’s policies they’re not likely to change no matter what evidence is placed at their feet. Bottom line: I was just trying to help my friends make a few bucks in tough and troubled market place. Now aren’t you sorry you told me to shove it?
Libby: “Weak market? 14500 plus?”
Weak it is if you factor in the billions pumped in to it by the fed and if you count the impact that has on the value (buying power) of that money. Hint…it’s down!
I thought you progressives were for the ordinary man…I thought you loathed Wall Street. If you look closely you will see that Wall Street is doing just fine under the most progressive president the country has seen in recent times and his progressive, smartest man in the room, policies.
Not to put too fine a point on it…the progressive Obama economy is horrible!
We told you it would be if you elected this man and his progressive cohorts.
We told you it was stupid to create bigger government, print money, raise taxes, expand the entitlement base…we told you too many people in the cart with too few pulling it doesn’t work.
Here’s your Obama economy:
Libby, you aren’t exactly in a position to tell Jack to shove it. You don’t have a clue what would create better wages, more jobs, or, apparently an opportunity to make money by taking an educated investment risk.
When the progressive policies you hold so dear creates an average 5.3% growth and a million jobs in one month you might have something to crow about. Till then, I think maybe you should quietly buzz off and determine to allow your stubborn self to learn something.
Re Libby’s “Jack … shove it.”
I had a Frank Zappa Valentine response to Libby’s foul comment, but thought better of it.
Look up “Broken hearts are for …” at your own risk.