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October 9, 2006
Here and There
Posted by Derek
A few miscellaneous notes this morning: I had an e-mail from a reader who asks "Why is Imclone stock worth anything at all?" He was referring to the competition they're now facing from Amgen, and the managerial turmoil that's been going on for months now. For my part, I think that IMCL is worth something, but I sure don't think it's worth $29.44/share, which is where I went short on Friday. (In the future, if I write about them, I'll make note of that fact each time in the interest of disclosure). I realize that this puts me on the other side of the fence from Carl Icahn, a person whose stock-picking judgment I might normally defer to. But in this case, I think I may know more about cancer therapies than Icahn does. We'll find out.
On an unrelated topic, I have a request. Does anyone know of a commercial source for a library of diverse phenyl carbamates? I realize that that's not the usual sort of diversity library - if I were after secondary amines, the offers just wouldn't stop. I can find scattered examples from various suppliers, but if someone had a bunch already collected, it would be a great time-saver. Any ideas?
But finally, though, physics is more on my mind than chemistry this morning. I'm digesting the unpleasant implications of this map, courtesy of the US Geological Survey. . .
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1. Ashutosh on October 9, 2006 3:51 PM writes...
Well, sooner or later, many countries like Iran and N Korea are going to conduct tests. One of the viewpoints in this scenario is that of Kenneth Waltz, who favours actually letting all countries have some nukes for deterrence. So give the N Koreans some nukes, and tell them to then adhere to strict international standards enforced universally. I agree that if done the right way, nuclear 'proliferation' may actually decrease the risk of nuclear conflict. The late Hans Bethe who was involved in arms control throughout the cold war also said that an ideal scenario would be one in which there are a few hundred weapons, 'some in the east, some in the west, and some in the middle'
This post has been published twice by the way :)
Permalink to Comment2. Chrispy on October 9, 2006 6:58 PM writes...
I still want to know who offered $36/share for them. You'd have to be nuts!
Good for you for shorting; I'll be interested to hear how it turns out!
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