Joe Kernen mentioned the stock with 15 minutes to go in the market and mused that it was down a fraction. Within the last 15
minutes volume went from 700,000 to over 2.4 million AND the CEO is on Squak Box tomorrow morning. Look for an open of 17+ and a
trading range up to a possible 20. It looks to close at about 15. 2.3 million shorts out there (10% of total outstanding shares) and
they have to be in below 18 and getting nervous. Daily volume is 3 TIMES the highest total in the past 6 months! That alone will
put it in many investors sights for tomorrow.
Thanks Joe! Love ya!
JIMMY ROGERS WILL BE GIVEN THE BEARISH SCRIPT TO READ. HOPE HE HAS LOST some CREDABILITY BY NOW.
Does anyone else remember the following. Over the years when ISIS goes public with an information campaign, unrelated events seem to completely overshadow the event.
Last time ISIS was on CNBC it was on a big down day. Was it the day when the market dropped 500 I can't remember.
The whole drug sector has risen with the merger talks going on between some of the larger firms. I wonder if the whole sector is down. I track GILD and it is down over $2 today. Needless to say, I couldn't agree more with the people on this thread that say buy buy buy. One aspect of the risk of owning ISIP just decreased, so we should be more pleased then ever. The market will eventually realize...
The downward movement could be an example of the old maxim, buy the rumor sell the news. The stock's run up over the past few weeks could have been attributable in part to the expectation that good news would come out today. Now that the news is out, the short-termers have bailed out. As far as I can tell from the news release, the news was as expected, nothing more.