E Another Bad Day For Stocks

*BiolineRX, BLRX, crashed down 17% on the Gamida cell news. It takes more than one drug cell immunotherapy to battle cancer. BLRX may offer generic phylacteries to generate more sales.

*GlaxoSmithKline sub ViiV is seeking FDA approval of its NDA for a two drug HIV treatment combining dolutegravire and lamivudine.

*Teva rose nearly 3% in a down market today but then lost most of this. It was recovering from the loss of US sales because its migraine drug did not get onto the formulary of Express Scripts. It was recently rated a conviction buy by Goldman Sachs.

Mining & Materials

*Orocobre fell a huge 5.9% after it updated on its Cauchari site which is being developed by its 33.5% owned Advantage Lithium partner. OROCF called the result of the latest drill tests excellent but the Oz or Canadian market disagreed.

*CRH plc fell 4.1% today in London. The Irish firm has its primary listing in the UK and sells cement and aggregates.

*Antofagasta fell 3.6%. It is a Chilean copper miner with a primary listing in the UK, ANFGF.

*BAE Systems, a big seller to Saudi Arabia, continues to fall, down another 3.73%+ today. Its York, Pennsylvania tank factory is reportedly too small to meet US and Japanese combat vehicle needs. It has to add welding and machining capacity as well as hiring more workers.

Tech & Tel

*A mixed view of BCE, which was upped to buy from hold by Desjardins brokerage in Canada, but whose target price was cut to C$59.50 from 60.75. It has just launched Canada's first virtual network platform for business in the cloud. Given my problems with internet, I would love to sign up but I am not in Canada. The stock is up 0.7% so I am not the only one tempted. BCE is also in jv for auto connectivity with Ford Motors, which is less attractive to me.

*Renishaw plc, maker of metrology systems, lost 2% today. RNSHF is narrowly traded.

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Comments

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David J. Williamson 3 months ago Member's comment

I like $BLRX. What was the Gamida cell news that I missed?

Harry Goldstein 3 months ago Member's comment

Fascinating. I've often wondered if some of the laws of the Bible have positive effects we don't know about. For example, we now know that the edict to wash one's hands before eating has numerous health benefits and helped Jews survive some of the worst plagues in history.

I also remember attending a lecture long ago where the speaker claimed to be part of a scientific study on the wearing of the talit which is worn during morning prayers. He described numerous benefits which I can no longer remember. I tried to look them up online but this speech was long before the internet.

I did find this similar study though I don't know how reliable the source is:

www.scribd.com/.../Scientific-Details-of-the-Linen-Frequency-Study

Gary Anderson 4 months ago Contributor's comment

Interesting. We should all test our blood pressure more. Constricts blood vessels.

BreakingBad News 3 months ago Member's comment

Interesting yes, but I find it hard to believe. Would like to see some proof of this. Maybe I'll convert!

Ayelet Wolf 3 months ago Member's comment

I actually had read about this myself. You can find the article here:

www.jta.org/.../study-shows-regular-tefillin-use-protects-men-heart-attacks

BreakingBad News 3 months ago Member's comment

Wow, I guess I need to put my money where my mouth is now... call the local rabbi!

Seriously though, while fascinating if true, this is a very small sample size... 20 people. Probably not enough to be scientifically significant. Would like to see a larger study on this.

Carol Klein 3 months ago Member's comment

I wonder if there's any difference between which arm is used and if women would share in the same benefits. I do know there are some women who wear phylacteries/tefillin.

Gary Anderson 3 months ago Contributor's comment

It all comes down to the fact that it is a substitute for good old exercise!