Margin calls are done by 12pm, on 4th day. Thats 20 minutes ago. JMHO
Anybody have brokers that will let you go for another day?
I believe it will go up to where nobody knows. lol. BTW, there is a gap at 13.8 to be filled. And beyond that another gap at 17.9.
Thought occurred to me. PFE said they terminated the agreeement due to "portfolio" reasons. Since we were sitting at 14 before they announced pullout, perhaps they bought at 10 all day on friday. IOW, why not announce the pullout? then buy half the company shares at 10. Remember 28 million shares traded. Ain't that good for their "PORTFOLIO"? They just spent 160 million and bought half the company. That still falls within the realm of PIN's prediction that PFE would pullout of the deal.
Just thinking, or dreaming.
thanks. better yet, 32 million shares out and 5 million of them are borrowed and short. a very large percentage and when the shorts cover there will be a greater upside effect. a short squeeze would be interesting to watch.
Your numbers look good. However, they are good only if you come in today and leave today. The whole valuation saga though is about the future. Take for example ENCY.
Messages in april and may were full of the lines similar to these:
SELL QUICK - NO UPWARD CATALYST
SELL QUICK - TOO MANY "STRONG BUYS" HERE
Do you think they were right then, for thouse days? I think they were. I also think that the smart money went in at exactly that time too - about $3.50 range, helped by market correction. (I was there a bit earlier at $4.90). Today ENCY is between $6.50 - 7.00. And will be a few points higher soon.
What happened? On May 25 ENCY replied to the approvable letter. On June 15 the FDA was satisfied with their reply. The final ruling is expected in July.
What I want to say is tomorrow. Only one point is relevant to valuation at turbulent times. The FDA doesn't go anywhere and neither will NBIX. This stock is undervalued based on tomorrow. That is why it's a buy. So, if you want to make money tomorrow you buy today. The plain truth is when tomorrow comes it becomes today.
Reposting - "If it was worth more than $10 the street would bid it up, its that simple." If you were right, you're name would be Warren Buffett, but..alas, you're dead wrong, this is how fortunes are made. By buying what the market does NOT give fair value to. I'm buying all I can. Will hold for about five years.
"If it was worth more than $10 the street would bid it up, its that simple." If you were right, you're name would be Warren Buffett, but..alas, you're dead wrong, this is how fortunes are made. By buying what the market does give fair value to. I'm buying all I can. Will hold for about five years.