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Giganticon posted:I don't know how to trade pharmaceutical companies. One time Moderna strait up cured hepatitis C, and they lost me money. Releasing the Harvoni drug was in Oct 2014 and its effectively the all time high of the stock (it was higher like a month in 2015) then it fell from 118 to 60-70 where it remains today. I guess everyone with Hep C had been cured? I had some Mylan back when they were in the news for their crooked EpiPen monopoly yet somehow even gouging 1000% their stock did horribly. The market, being rational,
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May 21, 2021 17:02
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A HORNY SWEARENGEN posted:The market, being rational, Isn't this probably more a case that their cure cost > $100k which greatly limits the people that can actually buy it?
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May 21, 2021 17:06
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A HORNY SWEARENGEN posted:It wasn't $GOON because their ground floor was ages ago Depends what you consider a ground floor. Sub-$5 back in November seems like a pretty sweet time to get in. Good on all those people, hope this is big because Alzheimer’s sucks poo poo.
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May 21, 2021 17:21
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dalstrs posted:Isn't this probably more a case that their cure cost > $100k which greatly limits the people that can actually buy it? In all seriousness, speculating on pharma is extreme gambling. And supporting the greatest evil. And R&D and earnings are a mishmash of tax funding and sales and patent leases and so on, so a definitive money in to money out is not as clear cut as a retailer. But in theory it should always go up because no one is actually doing anything about the diabolical free money buffet these hogs wallow in. So for investors you end up with the Simpsons gag of we spent 40B$ on R&D (that's bad) but it was taxpayer money (that's good) but we can't obtain a patent in China (that's bad) but we got one in America (that's good) but the CDC says we have to share the research because it was taxpayer funded (that's bad) but we're selling it for a million dollars a dose (that's good) no one can afford it (that's bad) so we're lowering the price in a partnership with blue cross through a back channel deal that will see our cut of our proprietary drugs increase over a four year plan before the partial patent on a leased third party proprietary reverts to the patent holder (....) That's good.
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May 21, 2021 17:26
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A HORNY SWEARENGEN posted:So for investors you end up with the Simpsons gag of we spent 40B$ on R&D (that's bad) but it was taxpayer money (that's good) but we can't obtain a patent in China (that's bad) but we got one in America (that's good) but the CDC says we have to share the research because it was taxpayer funded (that's bad) but we're selling it for a million dollars a dose (that's good) no one can afford it (that's bad) so we're lowering the price in a partnership with blue cross through a back channel deal that will see our cut of our proprietary drugs increase over a four year plan before the partial patent on a leased third party proprietary reverts to the patent holder (....) That's good. Now I want a frogurt.
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May 21, 2021 17:29
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A HORNY SWEARENGEN posted:In all seriousness, speculating on pharma is extreme gambling. Agreed, this would also be a place you can roll out the old trope that the pharmaceutical companies don't want to cure diseases because there is more money in treating them.
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May 21, 2021 17:35
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Just hold a Biotech ETF because stock picking is a mugs game.
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May 21, 2021 17:36
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BigPaddy posted:Just hold a Biotech ETF because stock picking is a mugs game. What's a good one?
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May 21, 2021 17:41
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Giganticon posted:I don't know how to trade pharmaceutical companies. One time Moderna strait up cured hepatitis C, and they lost me money. Releasing the Harvoni drug was in Oct 2014 and its effectively the all time high of the stock (it was higher like a month in 2015) then it fell from 118 to 60-70 where it remains today. You're thinking of Gilead. That turned into a weird value trap. I watched it for a long time but never pulled the trigger on it. It's still an incredible achievement, even if it wasn't spectacular for the stock.
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May 21, 2021 17:42
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The majority of people will have a much higher chance of becoming rich by picking their nose than by picking a stock.
John F Bennett fucked around with this message at 17:49 on May 21, 2021 |
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May 21, 2021 17:45
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Kwagga posted:What's a good one? BTEC and GNOM are both decent in my layman’s opinion. There is an ARK one but lol.
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May 21, 2021 17:47
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Picking stocks is easy. Looking at your etrade account is the part where the mummy's curse takes hold and saps your life force.
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May 21, 2021 17:47
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John F Bennett posted:The majority of people will have a much higher chance of becoming rich by picking their nose than picking a stock. That's why I have all my money in Pokémon cards.
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May 21, 2021 17:48
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Hoop Dreams posted:That's why I have all my money in Pokémon cards. hold the cards and sell the NFTs 
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May 21, 2021 17:58
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yr new gurlfrand! posted:hold the cards and sell the NFTs If anyone wants the thread it's sadly 2 years old from a deleted account (they deleted it in shame of this post apparently). Here's the cache https://web.archive.org/web/20180725210235if_/https://www.reddit.com/r/legaladvice/comments/91p65i/15_million_in_debt_need_advice/ and here's the original with all the OPs comments deleted but everything else in tact. https://www.reddit.com/r/legaladvice/comments/91p65i/15_million_in_debt_need_advice/
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May 21, 2021 18:17
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If it's any consolation, Ola, I understood your point perfectly, and I also 100% agree with it. Well, except for the idea that all currencies have floating exchange rates: there are multiple national fiat currencies that are pegged to the dollar. But that detail in no way invalidates what you were saying. I'll try to help folks who might still be misunderstanding or confused. In addition to an official international exchange rate, which usually floats and fluctuates minute by minute, you can also compare currencies using a different metric called purchasing power parity or PPP. Currency exchange rates are set by currency traders' bids and asks, and those are in turn responsive to things like nations' economic conditions, international standing, inflation rates, the prices of their major exports, and so forth. Purchasing Power is the actual amount of stuff locals can buy with their own currency, and it is a much better representation of how much a given currency is worth, to the people who are using it as a currency. A loaf of bread, a liter of fuel, a train ride, a frying pan, these prices tend to be (but aren't always) pretty stable from one day or month or even year to the next, irrespective of shifting international exchange rates. This chart from investopedia is illustrative of how big a difference there can be between nominal GDP expressed in US dollars via exchange rate conversion, and GDP by purchasing power parity, expressing production in terms of "how much stuff was actually produced":  All this is relevant because it reinforces the fact that national currencies' primary purpose isn't to enable speculators to buy and sell it in the hopes of making a long-term profit: their purpose is to facilitate citizens' ability to work, store the value of their work, and then exchange that value for goods and services efficiently. That's what a currency is for. The fact that someone with Rupees can exchange them for US Dollars, hoping to exchange them back to Rupees later after exchange rates shift in their favor and wind up with more Rupees than before, is secondary. Compare this to cryptocurrencies. They do not function primarily as a means to earn money and then spend that money on goods and services. As Ola points out, prices of goods and services are never expressed in consistent numbers of a unit of crypto - they can't be, due to its severe volatility, but that's swapping the cart and the horse. If you ask "how much is a dollar worth" one answer might be "any item on the McDonalds 99 cent menu". When people ask "how much is bitcoin worth" nobody answers "well you can buy 13000 gallons of gas with one bitcoin, that's its value" - they express its value by quoting a conversion rate to a far more stable unit like US dollars. OK, yes, you could buy 13000 gallons of gas, if you could find someone willing to sell you gas for a bitcoin, but that contract would be good for about ten minutes, because by tomorrow it won't be the same amount of gas, guaranteed. When actual currencies become so unstable that vendors have to update their prices on an hourly basis, the currency inevitably collapses. These conditions really only have happened during a crisis, with hyperinflation immediately preceding the necessity of abandoning that currency completely and rebooting the system asap. Modern societies require reasonably stable (ideally: sloooowly inflating) currencies in order to sustain faith in the money. As Ola says: money only works because more or less everyone believes in it as a currency - you're willing to accept a fixed wage, put money in a bank, or sign a year's lease with a fixed rent, only because you have faith that your money won't be worth radically less or more or nothing in short order. A cryptocurrency won't function as an actual currency until someone invents one that has long-term highly predictable stability, enforced by some mechanism that everyone agrees is reliable. If you refuse to accept a government as that enforcement mechanism, you'll need to invent something else; so far as I know, nobody has, yet.
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May 21, 2021 18:35
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pixaal posted:If anyone wants the thread it's sadly 2 years old from a deleted account (they deleted it in shame of this post apparently). Here's the cache loving hell.... that's anxiety level 1 million right there.... I gotta keep reading...
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May 21, 2021 18:50
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DeadFatDuckFat posted:Any med science goons here that can tell us if this means crtx is hosed No sir. Good news for them is not bad news for crtx. They're looking at downstream effects, crtx is probing the root cause. They could easily be a combo drug in the future with a relationship akin to "diet and exercise prevent diabetes"
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May 21, 2021 18:52
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GoGoGadgetChris posted:No sir. Good news for them is not bad news for crtx. They're looking at downstream effects, crtx is probing the root cause. Said the bag holder
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May 21, 2021 18:56
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By the way, ANVS has not "cured Alzheimer's" (or Parkinson's) in case anyone was thrown by what was probably intended to be jokingly hyperbolic. They have results that show their drug shows promising improvement in cognitive ability on standardized tests over a few months. Cognitive decline is not the only symptom of either disease, and their results do not show total reversal of all symptoms, nor especially a cure of the root causes. It's still awesome and I hope my mom (advanced Parkinson's) can get it really soon.
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May 21, 2021 18:58
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HamsterPolice posted:I think the chance of crypto getting banned in the United States is very low. It's too late at this point, backers have lobbyists in Washington now. I could see some of the privacy coins getting banned maybe, like Monero. I think zcash could stick around because the privacy is optional there. I don't see it getting outright banned, but completely neutered in some way. There's one area that all of the lobbyists in the world can't control, and that's the almighty (literal) USD. The second cryptocurrency is deemed to be even a minor hiccup in the plans of the USG, let alone a threat, it's dead.
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May 21, 2021 19:05
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I like repeating numbers. They're the mathematical equivalent of shiny objects, so I took the plunge on $GOON for 444@2.22
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May 21, 2021 19:20
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Pilfered Pallbearers posted:Said the bag holder umm we are holding bags OF MONEY 
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May 21, 2021 19:41
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Leperflesh posted:If it's any consolation, Ola, I understood your point perfectly, and I also 100% agree with it. Thank you!  And good post with good illustrations.
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May 21, 2021 19:45
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Hoop Dreams posted:That's why I have all my money in Pokémon cards. Some of my friends bought Bitcoin. I bought sealed Pokémon product. Guess who’s investment is worth more right now 
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May 21, 2021 19:48
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I went ahead and bought the Sony Bravia on credit. Surely NDRA will moonshot any second now.
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May 21, 2021 19:53
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A HORNY SWEARENGEN posted:I went ahead and bought the Sony Bravia on credit. I was going to make a  comparison but at least you didn't buy the shitstock on credit, it was just the TV
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May 21, 2021 19:55
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LLCoolJD posted:I'm curious what a healthy diet and sauna regimen would do to these inflammatory markers that the ANVS study is discussing. Yeah it looks like someone's pumping up the stock. Annovis Bio rang the closing NASDAQ bell on May 10th with it's Phase 2 trials: https://www.biospace.com/article/annovis-bio-to-ring-closing-bell-at-the-new-york-stock-exchange/ Congrats to whoever's pulling the strings. Maybe Cathy Woods is buying it... Note to self, have $GOON stock team ring closing Nasdaq bell when they finally get FDA approval. April 13th, 2029, set your calendars!
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May 21, 2021 19:56
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A HORNY SWEARENGEN posted:I went ahead and bought the Sony Bravia on credit. Big brain energy
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May 21, 2021 19:56
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tangy yet delightful posted:umm we are holding bags OF MONEY Yes seriously, I have a bag that guy can hold It is my BALLS
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May 21, 2021 19:57
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RCarr posted:Big brain energy I put 2 and a half month's pay into a huge TV and an SA meme stonk. What could go wrong?
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May 21, 2021 19:59
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drat that's how much people are supposed to spend on an engagement ring
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May 21, 2021 20:00
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GoGoGadgetChris posted:drat that's how much people are supposed to spend on an engagement ring LOL I'm not getting married until I find a wealthy elderly person at death's door. It's like some of you don't even have long term plans.
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May 21, 2021 20:04
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Full disclosure to the goon hedge fund I sold my 400 shares today for +7%ish. I wanted to make another bet for a bit. Will probably buy back in if it goes to 2 again.
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May 21, 2021 20:16
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If one of you sells every day, it will finally pop and we will have found the unlucky one.
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May 21, 2021 20:20
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Ola posted:If one of you sells every day, it will finally pop and we will have found the unlucky one. And he shall be cast out to the ARK while us lucky ones stay behind
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May 21, 2021 20:24
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I sold my Build a Bear Workshop shares at +30%. I feel bad. I added it to my gambling watchlist to buy back in later.
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May 21, 2021 20:28
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Also sold out of $GOON at a $500 profit. I'll jump back in again on another dip. Made over $6000 from the SAVA shares I had been holding thanks to the good results from ANVS.
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May 21, 2021 20:38
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Can't believe I have to spend all weekend staring at a white RYCEY and $GOON You have disappointed me, NY Stock Casino
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May 21, 2021 21:04
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Hell is watching cannabis penny stocks drop closer and closer to 0.0001 Turbo Hell is realizing that I was mitigating the loss by swing-trading the fluctuations on the way down, and that I started losing money faster when I wasn't doing this. Y'all warned people about those pennies but it's quite a thing to see the death spiral in person. Guess this is becoming a.... long-term investment  .
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May 21, 2021 21:17
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