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Does the BOJ meeting even matter and some great news for Sarepta

Cory
September 20, 2016

Chris Temple is with us today to discuss three topics. We first start with the tug of war around the curde oil price. Yesterday we had two stories that one would think would be bullish for oil but the move up was small. Then today we were selling off before popping over $1. No doubt this market is choppy.

Next we quickly touch on the BOJ meeting and the possible outcome. Chris points out this is another bank to not believe much of what they say in terms of forward guidance.

Finally there was some very good news out of Sarepta regarding the fast track approval the Company has been seeking.

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Discussion
10 Comments
    Sep 20, 2016 20:19 AM

    +2198% on SRPT $25 Call Option Sept 23.
    No I didn’t catch it but wow, each contract went from 0.48 to $11.20 just 24 hrs ago imagine the folks who caught that one. Good news for those who are afflicted with muscular dystrophy.

      Sep 20, 2016 20:42 PM

      Wowsers. Huge!

    Tad
    Sep 20, 2016 20:35 AM

    Bugger. I got out of that at $24.
    Got bored (and nervous) waiting
    Was in at $17 so I can’t complain…too much :/

      Tad
      Sep 20, 2016 20:41 PM

      Yes. Ditto the sentiments above. I remember doing a charity gig in someones house for this disease in 2014, the first time I’d heard about it, and our company provided our services for free. A load of British tv stars turned up and the night raised £500,000 towards the cost of sending some very sick boys to the US for ‘a new treatment’. Hope it works.

        Sep 20, 2016 20:44 PM

        +500K May the treatment work to heal them.

    Sep 20, 2016 20:19 PM

    How about some price targets for SRPT? $60 – $80 is floating around out there.

      Sep 21, 2016 21:04 AM

      Just sent out updated “status” on that issue to my Members

    Sep 20, 2016 20:21 PM

    ” Mr. Chris T ” , great call on SRPT! 👍

      Sep 21, 2016 21:05 AM

      Many thanks, Chartster — as I mentioned w/ Cory I have not in 30 years of doing this had the privilege of bringing my Members as great a story combining all the elements that Sarepta has.

    Tad
    Sep 21, 2016 21:28 AM

    JGBS (1 x inverse JGB futures) etf & JGBD (3 x inverse JGB futures ) etf have mysteriously been closed this week!
    More than a little fishy in my book.
    I know the BOJ had been buying etfs, since they ran out of bonds to buy… Do you think they bought these 2 to take them off the market ?!
    Clearly a crisis is coming, at some point yeilds are gonna go parabolic… if only for a very short time. These etfs were an easy way for retail investors to profit from that.