Tuesday, May 18, 2010

CLDX ( Biotech Stock) & CNAM updateI

Joe is making serious money from this puppy, it has the same potential as DNDN. CellDex Therapeutics (CLDX):
The biotech will be presenting data from its phase II trial of CDX-110 (PF-04948568), which it's partnered on with Pfizer (PFE), for the treatment of glioblastoma, a really aggressive form of brain cancer.

Expect to see this stock take a major leap if the data are positive. The drug helps to boost a patient’s immune system to fight the cancer, making it a vaccine. This stock has gained plenty of interest since Dendreon (DNDN) received approval for its prostate cancer vaccine Provenge -- the first cancer vaccine to get FDA approval. CellDex is already up 91% year-to-date.

http://www.minyanville.com/businessmarkets/articles/biotech-asco-conference-oncology-conference-dendreon/5/14/2010/id/28319?camp=syndication&medium=portals&from=yahoo

http://finance.yahoo.com/q?s=cldx

Institutional Investments:

http://www.nasdaq.com/asp/holdings.asp?symbol=CLDX&selected=CLDX&FormType=Institutional

As far as CNAM, if you recall Joe mentioned not to be long at Monday's close. He shorted CNAM at the close yesterday, the hyena is pounding it.

update I....precious metals continue to pose a risk short term here....It would be nice to see the GDX test the lower channel here at around the 49.7 level for a buy...I am still sitting on a good miner core here and waiting for a nice kill zone..and right now patience is key. If you don't have a decent core you have an opportunity to accumulate right now....also SWC and PAL have had nice corrections. Look for fear and panic for your bigger trades....we aren't there yet. I still think they will give us a nice squeeze this week...PANIC FEAR ...watch for it.

25 comments:

  1. Looks like CNAM wants to test the 4.25 level probably when the S&P tests 1100 (200 dma). High beta both ways. However keeping my eye on PAL at 3.55 and PBR at the 34.5. As for CLDX the quality of the announcement spike depends on the overall market at the time. For a slower play JAG is approaching a bounce point.

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  2. Red on these biotechs...The quality of the news is the driver in price even in a down market...now whether or not the quality of the annuncement is good will remain to be seen.....but if they hit the glioblastoma homerun then it is a go.......but don't play unless you can afford to with these.

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  3. sorry, having trouble signing in again. would you guys comment on the action today as well as the effect the German ban on shorts may have and will continue to have. Thanks!

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  4. Sis ......Germans are being asked to take it up the azz for the Greeks (sorry couln't resist). There are no accidents and you have to believe they have a calculated effect to come. Anytime you take out the shorts you have to believe they have a problem since some liquidity is removed... notice when we prepared to rip the market higher in 2009...we removed all short bans.....so my guess is they dont have the swaps arranged to fight the attacks...ie..they're in trouble...btw Joe wants to know if you bot cldx

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  5. Just heard gartman on FM and he concludes the same.....they're in trouble

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  6. thanks, kli. You are saying euro continues to fall (anyone in euo) and dollar to rise...i'm having trouble with posting here still...didn't buy cldx, is it too late? Just kinda frozen after the big drop...getting out of some longs, accumulating cash. Of course, not selling the miners. This year has not been good for me, I'm not fast enough to trade these gigantic swings. It seems the harder I work, this year, the worse it turns out! Are y'all still holding alu? It's getting bad, don't have a big position, but not sure whether to hold...S has been my biggest winner, wish I had bought more, it had a great day. Always appreciate your putting up with me.

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  7. <As gold climbs to new highs, you will get a real-time lesson in why most people make very little if any money investing. Gold is the most obvious bull market of our generation and the public still refuses to participate in force because of nominal prices. This is baffling, but I'm not complaining since this widespread inability to pull the trigger on gold has allowed me to accumulate at relatively cheap prices.<

    http://www.zerohedge.com/article/gold-bubble-brief-look-historical-bubbles

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  8. Great post Duke....and so true

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  9. http://www.youtube.com/watch?v=YD6fTxmvIEU
    Boys and gurls...Here is a little stock market song for Primary Tuesday night...pretty good...

    BTW...S%P just hit 1110 AH...not good...closes below there...the party is over for awhile IMO..Tex

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  10. Oh and if you tune into Featureman on Youtube...listen to the entire song...almost one year ago..pretty good Johnny Cash impression too. Enjoy. :)

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  11. Well, up a whopping 1% on that SSRI lol. This keeps up I can upgrade from High Life to Pabst Blue Ribbon..

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  12. Hi Kli
    Can I ask a stupid question, why are some people saying "Germany has called the fed's bluff?"
    Tom

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  13. Germany is NOT wanting to accept in their minds an unfair burden in the ponzi. Afterall they do not own the world's reserve currency so there is truly a price to pay if they go all in to bail out the bonds of the cabal.... plus average Europeans are much more knowledgeable than average Americans are regarding the "game". So there is a heavy political price that WILL be paid....not to mention social upheaval....

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  14. No one gets to default on The Piper this time. When you've already oppressed the wealth out of most of the planet then the rest get to take the fall.

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  15. And by "the rest" I mean "most of the rest except those one guys".

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  16. Correct Morla.....a lot of wealth in people that viewed themselves as "SAFE" will be destroyed by the imbalances. But there is a much bigger issue and that is how the social fabric begins to unravel....and no one has that answer ...its the 800lb gorrilla that has their maximum attention

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  17. Aye, even "Der Wille Zur Macht" crowd doesn't have the macht to predict the future with certainty. They surely have done experiments to see if brains might pull that off but I doubt it was successful.

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  18. There is no proper reaction to the unknowable, we walked right up and licked that obelisk in 2001; A Space Odyssy, and I can hardly blame us for it. To be sane you must ignore the vast unknown by and large.

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  19. Weird quantum phenomenons can predict their own futures sorta:

    http://en.wikipedia.org/wiki/Delayed_choice_quantum_eraser

    But believe me, we sentient observers don't get that luxury.

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  20. Precisely ....if you have an "understanding" then you can relax.....because there is NOTHING humans can do to alter this. Pay attention to what you can influence.

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  21. http://finance.yahoo.com/echarts?s=CLDX#chart3:symbol=cldx;range=5y;indicator=sma+ema(200,20)+volume+rsi+mfi;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

    Cldx moves higher into June presenting, gets thru 10.50 and 15 possible

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  22. Sorry perhaps that's a bit too thick, a pertinents quote is:

    "It is counterintuitive that a different outcome results based on whether or not the photon is constrained to follow one or another path well after it goes through the slit but before it hits the detector."

    Basically it seems that a photon can retroactively determine what path it has taken. The "observer" seems to be a more important part of physics than most think, and it is perhaps so that that reality is in some way tailored to each of us, Many Worlds Theory and the extrapolation of "Quantum Immortality" and such. None of it is testable (well it is totally testable but you have to attempt to destroy earth to perform that test in a verifiable way).

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  23. But none of this has anything to do with anything, and it never will. Quantum Immortality, if true, would require infinite universes, and no one would realize it until they found that somehow they never ever were to die. T'would be a tremendous minority of universes and never ever recognizedby a sentient observer. Infinity is a hell of a thing, etc.

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