Hey guys, I'm new to your boards and am looking to see what you think of all the insider buying. I'm a technical trader and blogger that wrote up a trade alert for OPK several weeks ago on Stockineer. The alert was based on an inverse head and shoulders with a moving average cross over. Since then several of us have made the trade and we've been quite happy with OPK. Since we trade technically, we spend more time looking at charts than news, although with price near all time highs and a lot of insider buying, we're getting suspicious of something in the works over there. One reader in particular is asking what I think about the insiders so I thought I'd come here to see what you guys think.
I had a price target of $7.80-$8.20 for our swing trade, but if this thing breaks above the recent high, it's a blue sky breakout and there's little resistance at that point with a likely run to around $9 over a couple of months.
Welcome stockineer. You are a legend on other boards I follow. Looks like your post was buried and resurrected. I am pleased to see you on the OPK express! BTW good call on the run to around $9 over a couple of months! My clan sees $11.75 by Dec 26.
Sentiment: Strong Buy