Originally Posted by Rain Man:
There's no way that person didn't have inside information.
I don't know the rules about all that stuff, though. If he was just some guy who happened to be in the Starbucks and heard two executives talking about it at the next table, is that illegal? What if he's some rank and file worker and the rumors have been running wild, but he's not in the process. I've always been curious about who is considered an insider and who isn't.
If you overhear someone talking at Starbucks and invest, it is NOT insider trading. [Reply]
IMVT exploded yesterday after holding it for 10 months. I went ahead and sold half right away and then set a trailing stop for the rest that also got executed. Should have put more wiggle room on the stop loss cause the thing has continued up today. Lesson learned. Still nice when you get a surprise 100% gain on something that wasn't doing anything.
Many like to call technical analysis "bullshit" but it's a way to have a little bit more information than guessing. It can be useful but it is never absolute.
Interesting that the S&P has shown support around the 200 day moving average in multiple consecutive sessions. Tracking that red, 200 day MA line currently, and on Friday really bounced up off that support.
Good work King. I contemplated it, not that I could have committed much cash to it, but I figured Microsoft would have to back out because of the Europe thing.
I got into LLY based on honestchieffan's recommendation, and I had a pretty large amount of NVO already. The weight loss drugs are sending these stocks to the moon, and I think the rise is still happening. Anyone else holding these? [Reply]
Originally Posted by Rain Man:
I got into LLY based on honestchieffan's recommendation, and I had a pretty large amount of NVO already. The weight loss drugs are sending these stocks to the moon, and I think the rise is still happening. Anyone else holding these?
I'd hang onto it. Apparently they've already filled 9M prescriptions. Link
Hilariously, airlines would save 80M if passengers lost 10 lb. :-)Link
I've been reading that they can't make the stuff fast enough for all of the people who want it. That's a good forward indicator for revenues. I have a policy about how much money I'll put into any one stock, so I won't buy any more, but I'm riding both of those companies up and I don't see why it won't continue, barring some bad side effect discovery that seems unlikely at this point. [Reply]
Originally Posted by Rain Man:
I got into LLY based on honestchieffan's recommendation, and I had a pretty large amount of NVO already. The weight loss drugs are sending these stocks to the moon, and I think the rise is still happening. Anyone else holding these?
Yes - Holding LLY. Mounjaro has been a profit rocket for them and it is expected to get FDA approval for weight loss (currently only approved for type 2 diabetes) in December. I expect that sales will really explode when that happens. They have also been building a new site to assemble auto injector which will more than triple their total capacity today. [Reply]
Ammo prices are jumping as head-sniffin' Joe sends planeloads to Israel. Ammo maker stocks might deserve a long look. Story is 'outdated' but still names some names/
Originally Posted by Stewie:
I had a CD mature yesterday and needed to reinvest. It was 9 months at 5.25.
It's been a while since I looked at rates, but they keep going up. I've been laddering but at this point that might not be the best strategy.
Moved that money to a 3 month 5.55 CD.
I just feel that CD rates are going to climb. Heck, long term CDs are north of 5%.
I've been buying them hand over fist. Fidelity's brokerage is great about finding great rates, often with little local banks. My latest is a 5-year CD at 5.75 percent. I'm liking that a lot. [Reply]
