Going into what is a big weekend for data, interesting to note the steadfast holding of this stock by insiders and institutions. In the last 12 months only 4 insider sells have occurred, all automatic sells and all by one officer, Lupe Rivera. No insider selling has occurred in 2011. Meanwhile institutions have increased ownership by roughly 27M shares, with firms like Fidelity (+14%), T Rowe Price (+22%), Wellington MGMT (+146%), and Vanguard (+19%). It would appear those in the know, are feeling confident.
You guys are also forgetting the fact that the massive dilution earlier this year belies the 20%+ increase in the company's market value since the stock price first hit a peak above $12 a few months ago.
The market is valuing this company more and more highly. Don't be fooled by the stagnant stock price. With no more dilution likely this year, the stock price should finally make a move soon.
You kids are too funny!!
You can't BELIEVE EXEL did not power higher heading in to ASCO as you ALL predicted (I believe I heard ya'll throwing out numbers like EXEL would be $13-15 once ASCO started). So what do you do? You throw out things like "Insiders haven't sold, so it has to go higher!" "Just wait until they present that data at ASCO! Oh boy!" "But the dips! $15.00 easy by the end of this month!" "I expect EXEL will see new 52 week highs after posting data next week." (which, by the way is a "mere" THIRTY PERCENT HIGHER FROM TODAY'S CLOSE.
This is a TEXTBOOK setup for failure. Mr. market has a funny way of doing THE OPPOSITE of what the yahoo bb masses expect. The charts are PREDICTING this one will be different.
$150 million short side bet in recent weeks/months are pretty confident of such a scenario. Buckle up, kids :)
To the contrary, Mr. Market has a way of doing the opposite of what you say, Nomad. I know someone here has a record of all your failed calls. so don't presume to think that you know any better than anyone else here how EXEL will trade going forward.
Your precious charts are useless. The only thing which will cause the stock to rise or plummet will be the interpretation of the data. Looking into the past and pretending to predict the future from what you see is no more rational than taking the lack of insider selling to mean the stock will be a winner.
As for this weeks price action, look at the broader market. We are on the 5th straight week of market declines, and yet EXEL is still attached to that $11 range since the secondary.. a ton better than the broader market. I'd say this has been a pretty good place to have your money parked while waiting for more positive Cabo data.
Well, if you feel that's all positive, you can buy more of this junk right now at a real discount. I find it very hard to believe that anything positive could come out of ASCO. Something would have leaked by now, and the way the stock is trading, the leak was very negative. The market is clearly telling us this must be bad data.....