The local stock market promptly plunged 20 percent over the following few weeks, kicking off a phenomenon called the “Adam Cheng effect” or “Ting Hai effect.”In the two decades since, nearly every time the 68-year-old Cheng has appeared in a movie or television show—which has been more than 30 times—the Hang Seng declined.Most recently in 2013, the index fell nearly […]
On Wednesday, Athersys, Inc. (NASDAQ:ATHX)’s shares declined -11.74% to $2.63.Athersys, Inc. (ATHX) will release its first quarter 2015 financial results at about 4:00 PM EDT on Monday, May 11, 2015, and host a conference call shortly thereafter at 4:30 PM EDT to review the results. Gil Van Bokkelen, Chairman and Chief Executive Officer, and William (B.J.) Lehmann, President and Chief […]
Mainland investors piled into the city’s stocks via the through train programme, with turnover hitting a record HK$21 billion. Photo: Dickson LeeThe Hong Kong stock market opened high on Thursday morning with a 5 per cent rise in the Hang Seng Index a day after it was swamped by a wave of mainland Chinese money that helped drive trading to a record […]
Short interest has risen in a number of biotech names perceived as vulnerable to a selloff after a rally that has sent the Nasdaq Biotechnology Index <.NBI> up 42 percent over the last year even after this week’s declines.Overall, a screen of about 1,650 mid-cap U.S. companies shows biotech stocks, on average, have a short interest ratio of about 11.6 […]
I remember sitting in my car in college listening to Howard Stern on the radio before class sometime in 2000. Howard and his crew were talking about the stock market which was roaring. The Tech Bubble was in full effect. The sky was the limit. If you weren’t in the market you were losing out. It was a similar vibe […]
Biotech stocks are known for their wild ways. Over the last few years, for instance, we have witnessed dozens of small-cap companies soar — as well as sink — following pivotal clinical or regulatory catalysts.Perhaps one of the most intriguing aspects of this phenomenon is that the biggest moves tend to occur in under-the-radar biotechs. Before skyrocketing by over 300% […]
Dear Reader,My forecasts for the foreign exchange markets are almost coming true. USD/YEN is already above 120 and EUR/USD is close to 1.05.I still expect US stock markets to sell off in 2015 nearly 20% from the current levels measured by the main indices. Tech and biotech stocks should fall 30% from the current levels. US nonpublic and some public […]
If you’re nervous about investing in biotech stocks, you’re not alone.Biotech stocks can be scary. They are based on a lot of hope and promise, and they do appear to traditional investors to have gone too far too fast.In October 2013, The Wall Street Journal ran a story saying that biotech stocks might be too overpriced.Here’s the second paragraph of the […]
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Dear Reader,Gold broke briefly 1200 this week. Gold is about to target 1050 in 2015. EUR/USD should target 1.05 in 2015.US stocks should fall 20% measured by the main indices from the current levels. US Tech stocks, especially nonpublic venture capital backed, are in a bubble, along with biotech. Both should decline more than 30%.The disruption that the forecasted fall […]
