Talking stocks, trading, and investing in general - Page 190

AMRN is getting absolutely hammered today.

Yep, traders look to be bailing since it look like no NCE decision this month. Looks like NCE is going to hinge on the 889 patent app, expecting notice from the USPTO on that on 10/23, so looks like we'll have to wait for next months Orange Book update.

I've seen nothing out of AMRN in the last few months that would give me any reason to think a near-term catalyst is coming before more depreciation. If they announce they will launch the product on their own it will likely go down further.

bought Oct. $12's for .25, quick double on a very positive reaction to briefing notes for a change. it still has more room to run, though...

Volume dropped on GLUU finally, think I'm gonna pick up some next week once I sell some stocks to rebalance the portfolio

I had a dream this morning that AAPL had shot up to $710 dollars due to massive iPhone 5 sales.

Then I woke up and cried myself back to sleep.

lol, I thought you sold?

I did, until I bought back in at $673, thinking it wouldn't drop any further.

Boy, was I wrong.

some short ideas--zillow (see the report on citronresearch.com)

apple -- the risk/reward ratio for this company is not good. its the biggest company in the world and fairly valued at 15 p/e with annualized revenue (using 6/30/12) of 140bil. that is a lot of money. the company already has no place to go in terms of costs (with the foxconn mess they can only go up) so how many more billions of dollars of product can it really move at this point beyond what it already has?

amazon -- p/e of 100. great revenue so if the costs come down a bit then it could pop, but its been a couple years and they haven't. the people i know that amazon everything basically do it to take advantage of the overly generous return policy, the 2 day shipping that i'm sure costs them money, and the fact that they likely have something close to the lowest price. that p/e is gonna stay at 100 before amazon falls to $40 and makes the p/e a still unreasonable 20.

I maintain that a consumer does not need to continue handing over their money to aapl, they do however with a lot of other companies. They make a great product, it's widely enjoyed and seems to have some staying power, but I think the past gains will certainly not reflect the future gains. People with huge amounts of aapl in their portfolios are probably going to find that they need to find a new fish to kill.

'889 issued, me, like many others, predicted that once 889 was out of the way, NCE decision is in the bag. Stock's starting to run, let's see if I'm right.

WTF Netflix?

Anyone have access to CNBC? Amarin talk going on apparently, looks like bidding war between Eli Lilly and AstraZeneca? If that was true, would be so awesome.

otc: The market hates Nflix, absolutely hates it.

Its been having a bumpy ride...but it is pretty clear that it is the way of the future for home media consumption. Netflix is the best provider right now (and we will see what their original content turns into).

There is competition coming in other forms but I can't say how it will play out. Big competition might come from bundled packages from the cable providers/content creators (like HBO Go or comcast only crap) but there's a potential for some legal pressure there I would think... The DoJ might want to get involved since its a lot easier to lock down control over digital distribution than it is for physical media (if the studio won't cut redbox or netflix a deal on DVDs, they can still buy them on the open market and rent them as much as they want).

You guys think Apple beats earnings?