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What stocks are you watching?

Discussion in 'Money & Finance Forum' started by Freakshow, Sep 6, 2006.

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  1. Sep 6, 2006 at 9:24 AM #1
    Freakshow

    Freakshow Fuck you guys.

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    I'm neck deep in a bio tech called Encysive Pharmaceuticals...ENCY...I'm in as high as 9 and as low as 3.70....they are currently @ 4.5. They are working on a drug that was expected to have been approved by the FDA about 6 months ago...there was 1 issue that wasn't released. Then it didn't pass muster again...still 1 LITTLE thing. It DID recently receive European approval.

    Funny thing...MYOG is making a competing drug...they lose more money...are at LEAST 6 months behind...and are trading in the 30's. Their market cap is almost 6 times the market cap of ENCY.

    I'm still banking on this one to go to double digits within 12 months. This is my "swing for the fence" stock.
     
  2. Sep 6, 2006 at 9:58 AM #2
    Savio

    Savio Freelance Pimp

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    yes...I do own it...
     
  3. Sep 6, 2006 at 10:12 AM #3
    Angie

    Angie Full Access Member

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    Only $16 million in revenues.. company has never earned a penny, has $96 million Net Loss as of 6/06, $130 million long term debt and Deficit Net Worth of $64 million..

    Looks like they are going to have to come up with additional capital or seek some kind of merger.

    Technicals look bullish right now, and I hope this works out for you, but I never buy a stock that doesn't have good fundamentals.
     
    Last edited: Sep 6, 2006
  4. Sep 6, 2006 at 10:28 AM #4
    slydevl

    slydevl Asshole for the People!

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    Angie would make a better moderator than Freakshow :twocents:
     
  5. Sep 6, 2006 at 11:14 AM #5
    Freakshow

    Freakshow Fuck you guys.

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    It's a biotech. Geez. You don't buy these for current revenue or earnings. YOu buy for potential. Thus the cheap price.

    Look at MYOG...their competitor...you need to look at other biotechs. Can't compare them to a blue chip stock.

    If they get FDA approval...and I think they will...this drug has potential for 250 to 400 million in revenues. They JUST got approved in Europe. There are other drugs in the pipe.
     
  6. Sep 6, 2006 at 11:17 AM #6
    Freakshow

    Freakshow Fuck you guys.

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    Stick with insulting people on the political and religion boards...:twocents:
     
  7. Sep 6, 2006 at 11:51 AM #7
    hasbeen99

    hasbeen99 Fighting the stereotype

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    I've been watching Wal-Mart since I inherited some shares from my mother. It seems to be pretty stable, fluctuating between $43 and $49 a share over the past year.
     
    Last edited: Sep 6, 2006
  8. Sep 6, 2006 at 2:11 PM #8
    Redsnapper

    Redsnapper Burp, gargle, spit.

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    and you'd make a better woman than Angie. Dookie!
     
  9. Sep 6, 2006 at 2:19 PM #9
    slydevl

    slydevl Asshole for the People!

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    You've been picturing me as a woman? Fucking homo.

    I know where Freak works :twocents:
     
  10. Sep 6, 2006 at 2:23 PM #10
    Freakshow

    Freakshow Fuck you guys.

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    Please no homo accusations. Don't want to hear RS talk about construction cones all afternoon. :lalala:
     
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