Totally logical and excellent posts respectively.
Just a few things though -- Boogins, don't tell me you
don't watch this stock every day. Both of us have a
proportionately large stake in this... hmmmm? I admit to
watching... very closely, but I'm not worried for all the
reasons you and dshlm just sited.
Those who bought
at $30 - $34... this is a real company, not just any
biotech. The people here, Dr. Joe and Gino and Raj are all
very well known and each with individual talents
well-respected in the pharmaceutical industry (not just
biotech). Hang in there, dshlm is right -- What is $35 to a
c3ipo -- I think you were awfully
nice to McMon. Heck, you've been far more brilliantly
scathing with me than you were with him... I guess I just
have that effect on you :o) C'mon, really give it to
him. Sick him!
Joe -- I think realstockguy
thinks you're me now. Didn't you once say you wanted to
be mistaken for Ead or Anes. Well, you're now
associated with being one of my identities. Sorry about the
demotion, but with one more promotion, you'll get to be you
again and another promotion you'll get to be Anes. When
you do get to be Anes, might I suggest you tear him
up... totally mind-wipe him with somekine of oneliner?
On a very serious note: Rubitecan is a very
effective drug. It will be approved by the FDA. I am
confident it will save lives when used first-line in
pancreatic cancer. Decitabine is a very desireable compound
and SUPG got it by divine intervention is the best I
can figure. Nipent is coming into its
Golfguy: Let's go back to celibating!!!
To the rest
of you: Caveat, Real, et al.... "Shut up you dumb
babies!" (Angelica from Rugrats) he he he he he
I'm probably even more of a neophyte than you in
my understanding thus far on the workings of the
market, but I'll offer my view anyway. I think you do
have it "straight"; I believe your $27 vs. $35 example
hits the nail right on the head. The way I see the
presence of short interest - and especially an INCREASING
presence - being able to sometimes drive the price down is
precisely because of its potential psychological effect on
the collective viewpoint of potential sellers. A
squeeze upward would indeed begin if the stock's
potential sellers would refuse any bids below 35 while the
price was at 27, but - for a variety of reasons and in
a variety of circumstances - the mere EXISTENCE of
a heavy short interest often works against that
resolve in many individual investors' minds, which when a
sufficient number is passed then manifests collectively as
increased selling at lower rather than higher prices.
Possible MM collusion, if indeed such a thing does happen,
would only exacerbate this crumbling of investor
resolve. The "irrationality" often ascribed to some of the
moves that occur in the market is I believe more often
the result of these hidden, psychological "winds"
blowing through it than actual business news and
fundamentals. It's almost uncanny, and I'm learning is much
harder to predict than I once imagined it would
This board is an excellent place for an avid student
of these subjects, and all other related ones -- for
biotechs at least. There are many, many superb teachers
here. And you sure can't beat the price.
As an admittedly ignorant investor, I am
uncertain how short interest drives prices down.... It
seems to me that short interest can't drive the price
down.... only a willingness of long investors to sell (or
loan) stock at increasingly lower prices can. There was
a discussion here yesterday re: willing buyers and
sellers.... and a key point (and one that I agree with....
Sorry McMon) is that there is always a willing buyer
for each willing seller (at least with respect to the
Nasdaq). I agree with the Clam (sorry dig, etc.) that it
is the INTEREST in the stock that drives the price
up or down. By way of example, I have no interest in
selling at $27, but I do at $35. If all longs were that
way, with no interest in selling at a depressed price,
then the squeeze would start, especially with the
small market float this stock has. By way of another
example, good news increases investors' interest in the
stock and motivates them to hold out for a higher
price..... the lack of willing sellers at the depressed
price forces the willing buyers to pay more..... IMHO..
Regardless, if I'm wrong, I'm willing to reconsider, and I'm
sure that there are willing posters with sufficient
INTEREST to set me straight.
Your long QCOM at 171? That's great. I have a
customer who bought 10 jan 550's at 25 last Thursday. I
have several clients long QCOM for some time and I
wish I were one of them. I'll make a prediction for
next year. AMZN goes up in flames. Congrats again, and
thank you Paine Webber.
Bravo. Very good post. I read it twice. In the
long run I am confidant you are right. Very well
thought out and good analogys. Just had my first chance
to peek at the board today. All of my comments have
been short term oriented. I'm currently long and
expect the science will be the determining factor in
SUPG's success or failure. I may buy more if ABT will
return my call.
The pariah Mc Mon
I actually laugh at some of the wing-dingers I
get from the three headed buffoon...what else ya
At least you get to be America's
Richest Secretary though - all I got so far today was
spandex and a carrot.
That's right. That's what they started that
little hen party for in the first place. If Clam would
take his bag of carrots and go over there like they
said they were going to this would be an excellent
board. These constant pot shots while this stock is
dropping is very insensitive. I can't believe we haven't
had two thousand posts by the hens about his great
family and sexy voice. Like who gives a damn. Go to the
other board, please. Helicopters crash a lot.
"...take Ms. Bitchen, All America Richest
I admit it... that is FUNNNNY.
I think I love you, Caveat... I'm sorry, you're
mine now. I'm very tenacious and usually get what I
want. You are full of yourself, even more so than I.
Gotta have ya. Admit it, we'll get a lot
I'm getting the feeling you don't like me. Oh
Detailps -- "deserved?"
Whatever. What personal
information I choose to put on this board, or what I don't is
entirey my decision. Like me, some people like to get to
know others better... others, obviously don't like it.
Try not to abcess about it, Caveat.