Be the bid!

[OneFootInTheGrave]

don't do it yet... with the news out today... I wouldn't be surprised we head south of 7k for DOW

btw Nortel did pretty well since the post above went from .4 to .6 didn't even fall today, but I'd get out now given the overall market sentiment... better be out of the market at least until we reach new lows...

[Arrian]

Oh, the money transfer will take a couple of days. I imagine the buy-in would be early next week.

-Arrian

[OneFootInTheGrave]

the start today is looking very positive, but whatever happens, I doubt the positive feelings will be lasting long... given the state where the economy is, and recent news I am pretty certain we will be breaking new lows before long...

[Japher]

^means, I'm betting the farm!

[Aeson]

Volatility is still way too high for this to be over. VIX is still around ~68. To put that in perspective, in the past 20 years it hasn't gone over 45 for any extended period of time (more than a day or two) till this year.

And lets face it, nothing much has been fixed so far, just an incoherent patch job/power grab.

[KrazyHorse]

Volatility is still way too high for this to be over. VIX is still around ~68. To put that in perspective, in the past 20 years it hasn't gone over 45 for any extended period of time (more than a day or two) till this year.

Increased expected volatility = increased equity premium.

[DanS]

Originally posted by Aeson
And lets face it, nothing much has been fixed so far, just an incoherent patch job/power grab.

I don't think the government (ex-Fed) will be saving this one. The market and the Fed are already doing the heavy lifting.

[Japher]

I've just upped my position on ACUS. They, amongst other small-cap biotech, are pending FDA decissions. Cheap stock right now, or so it would seem.

[pchang]

BMRN

I see a big turn around for BioMarin.

[Aeson]

Originally posted by DanS
I don't think the government (ex-Fed) will be saving this one. The market and the Fed are already doing the heavy lifting.

The market is doing it's job. The Fed (and Treasury) are getting in the way.

The re-evaluation had to happen. The willy nilly save one entity, bail out another, let some fail... all without prior notice (or in direct contradiction with prior notice) and off public balance sheet crap can only increase fear (volatility) and cause the re-evaluation to overshoot.

[KrazyHorse]

That's a load of hooey. Why would the possibility of gov't money cause correction to overshoot?

[Japher]

ACUS up 28% on the week and 18% since I posted. Though, they may crash on Wednesday.

[DanS]

You guys into the biotech startups are very brave or well informed. Much braver and well informed than me. So I'll stay out of these stocks.

[Japher]

I'm very stupid.

I follow biotech and aim for the penny stocks that have either fallen from grace or are emerging with FDA approvals pending and good "rumors" about clinical trial results headed in. All my information comes from yahoo message boards and biospace.com.

[DanS]

I just don't understand that business. But I can see where you might, given your background.