Recent

% | $
Quotes you view appear here for quick access.

Zogenix, Inc. (ZGNX) Message Board

  • c0mputar c0mputar Apr 5, 2013 3:48 PM Flag

    Just a bear raid...

    This is not likely to be news related. If it was, they wouldn't trigger a bear raid, they would try to sell at as high an average as possible.

    Bear raids are generally an optimistic sign for a biotech stock nearing news, because they are used to cover short positions and/or increase your long position.

    However, this company is very unlikely to get Zohydro approved, and so that is why we see a complete lack of recovery. Another factor in the lack of recovery is the fact that it only dropped 15%, if it had hit -20%, or -30%, the bouncers such as myself, understanding that it was a bear raid, would have jumped in for the bounce play.

    Because pending news date is unknown, many longs have interpreted the drop as a sign of a leak. It's not, it's simply a bear raid, but instead of selling at a larger loss when they announce probable rejection, they're selling now thinking bad news is coming. Well, bad news is probably coming, but this isn't a sign of it. Penny stock pumpers have been playing this stock for awhile, and I bet they tried to create a -30% bear raid so that they could make money on the bounce. It failed.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
ZGNX
1.400.00(0.00%)May 22 4:00 PMEDT