Oso planning to go pro
Ok Boomer
Thanks for the complement.My father was a combat infantry officer in the battle of the bulge.I lived thru the Vietnam war in the Marine Corps.I smelled the Twin Towers.I navigated the 2007-08 global financial crash.I survived the pandemic in Bergamo, Italy.And now I will survive the arrival of socialism.Enjoy
*Still cannot figure out PowerPointI jest before everybody gets up in arms about it
And yet you pretend Richard Burr didn't do something wrong here, dismissing it as "they all do it."
PowerPoint, been there done that. Zoom, did that 20 years ago. I was the first on my block to have a DOD Blackberry. I don't even have a cell phone now. Great being retired.
I'm losing my edge.I can hear the footsteps every night on the decks.But I was there.I was there in 1974 at the first Suicide practices in a loft in New York City.I was working on the organ sounds with much patience.I was there when Captain Beefheart started up his first band.I told him, "Don't do it that way. You'll never make a dime."I was there.I was the first guy playing Daft Punk to the rock kids.I played it at CBGB's.Everybody thought I was crazy.We all know.I was there.I was there.I've never been wrong.I used to work in the record store.I had everything before anyone.I was there in the Paradise Garage DJ booth with Larry Levan.I was there in Jamaica during the great sound clashes.I woke up naked on the beach in Ibiza in 1988.But I'm losing my edge to better-looking people with better ideas and more talent.And they're actually really, really nice.I'm losing my edge.
Sorrento Therapeutics (SRNE), which claims to have a "cure" for COVID-19, is up 65% in the first 10 minutes of trading, leaping from around $2/share to well over $4. I guess my 100,000 shares will do pretty well! (In my dreams.)Still well below its 52-week high of $5.09 though.
Hit a new high today and is up 88% as I write this. But overall Mr. Market - which for weeks had jumped at every announcement of a possible cure or vaccine or therapy - is actually down.Might be the whole "boy who cried wolf" thing finally hitting.
Combo of 2 things. 1) Market is a bit tired of whipsaw cure or vaccine bounces until there is published data, IMO.2) A bigger issue is the Huawei decision and China's retalitory action of adding companies like AAPL, BA, and others to their "Unreliable Entity List", aka blacklist for not being CCP lapdogs. This is an aggressive escalation from both sides that could get ugly.
Trade War 2: Electric Boogaloo
So far, his wrangling with China has put American farmers in such a world of hurt that he had to create an entirely new welfare program for them ... and then small farmers ended up getting very little of the money. And for a lot of other industries, the effects of the ongoing trade war have been amplified by the pandemic.
Looks like it's making a new high today along with other vaccine stocks, Moderna is up huge again today too. I've been lucky with MRNA, I bought it long before this virus issue, sold it when it ran up to 30, mentioned I would buy it back if it fell back into the mid 20s, thankfully it did and I took another small position(100 shares), but I'll be selling half of those shares today when the market opens. It's hard to justify a 30 plus billion dollar valuation for a company that still has zero revenue and is losing money every quarter. I'm hopeful that this vaccine will work, but the good results right now are only partial results from their ongoing phase 1 trial, with results from only 8 patients, there is still more data to come. They are hoping for phase 3 trials to start in July, so we'll have to see how the rest of the story plays out with the mRNA-1273 vaccine trials.
And he ravaged the US steel industry as well as depressing US manufacturing.
The industrial base began disappearing more than 40 years ago. With low barriers to trade, low to medium skilled industrial work is best done elsewhere. It's hard to fight economics. We do services and higher-skilled industry better. And the low trade barriers help everyone.The problem is that those services need more education and training. And we need to do better making that available.
That's the party line.The reality is that we have millions of people without the skills, education, mentors, motivation, and "we" do little to provide the education and training. We continue to reduce taxes and talk the talk. Some people can't survive in the modern "economics".
These are fun times to be a trader, I bet. I don't have the stomach for it, but I root for guys like you who have done their homework and are reaping the spoils. Continued good fortune!
I guess you skipped the part where I said this: "The problem is that those services need more education and training. And we need to do better making that available."