Wednesday, January 31, 2007
Palatin Technologies is looking up on news that AstraZeneca (AZN) has signed an obesity drug deal with Palatin Technologies (PTN). The deal could earn Palatin up to $300 million. Palatin is also developing an inhaled drug for sexual dysfunction for men and women. I mentioned this company a while back and I still feel strongly about this stock.
Sunday, January 21, 2007
Oilsands Quest Inc. (AMEX: BQI), has begun drilling in northwest Saskatchewan, right next door to oil sands heavy Alberta. As a matter of fact where they are drilling is on the same extention of the oil bearing sands that are in Alberta. How much oil is there? Time will tell, but company insiders were buying up the stock recently. Remember to do your due diligence. but I would look at buying below $4.75.
Wednesday, January 17, 2007
Mastercard(MA) is still strong after weeks of being above $90 a share. I bought this shortly after ipo at around $45 a share. Speculation among message boards is that it is heading to $150 a share. I have to say that this was a stock pick of mine from 2006 and is a 2007 stock pick as well. Are shares going to split? Time will tell.
Tuesday, January 09, 2007
So say Marc Faber, who predicted the U.S. stock market crash in 1987, said global assets are poised for a "severe correction'' and it's time to sell. He goes on to say that investors should sell, buy in a panic and hold onto gold and stocks in Vietnam.
Monday, January 08, 2007
According to Forbes, Digg has raised another $8.5 million, and will use the money to buy companies and hire more staff. Digg.com is turning into quite the powerhouse in the internet sector, and I believe will be one of the first social networking sites to go public. Although I can't see that happening until at least next year, they are growing extremely popular.
Thursday, January 04, 2007
Bloomberg.com reports that analyst Safa Rashtchy of Piper Jaffray & Co., has picked Google as it's top pick for 2007. Evidently he likes the way Google has lured more customers to use its products. Google is obviously the 300 pound gorilla in the internet group of stocks. These days, Google would be the only internet stock I would put money into.