Now that we have started our move up, there are some things that investors who follow the board need to prepare for. It is obvious that we will be getting major attention, breaking out of our previous price range, setting new highs, having large daily gains, and bucking the trend of the overall market (e.g. today the dow got killed and we went up huge - if you don't think that gets investor attention, think again).
There seems to be a loss of some of the traders who were posting prolifically previously. I believe they either took their profits (or losses) and are either waiting on the sidelines or have moved on. Some obviously thought they could do the same thing that worked before - short the rally - and that (also obviously) didn't work out well for them.
Unfortunately, there will now likely be paid professional bashers coming "on board," who will be very unpleasant and will try to confuse those invested or considering investing. These ugly individuals can be difficult to deal with, and will post huge numbers of meaningless posts, just to take up space and make the board less able to convey relevant information. This part I am not looking forward to, as for the most part the HZNP board posters have been reasonable (short or long) and pleasant to deal with.
Besides the magnetism of new highs, another draw to the stock will be the projected price by analyst. The reason why I said (and will repeat) that we look cheaper at the current price, than at $2.70, is that a higher price conveys a stronger (and not distressed) stock. It is now infinitely more believable that we will reach $6 than it was a couple of weeks ago.
Expect upgrades and higher estimated sales/prices, but also expect the negative articles that will be the result of a concerted effort by hedgers and short funds to try and manipulate the stock. This happened in a huge way the last time we surged, and I fully expect it once again. This time their arguments won't wash.
re-bump. Also keep in mind that the higher the stock gets, the more possibility that investors will have to margin. Most brokerages have a tiered percentage based on price (usually over $5 is 100%) and volatility of the stock. While I never advocate margining more than you can afford, it is a reality of how investors and traders work momentum, and I believe this will be a major factor in HZNP's future price. Expect many new investors to margin their purchases - brave new world for sleepy old HZNP's trading profile (at least compared the last year).
I'm still here, holding almost 10,000 shares since March. And I'm not leaving for a while, we'll see the stock get profitable and then grow revenues. I see a several year hold as good for my account, and want to thank you and some other intelligent posters for your significant contributions to help the rest of us guide to better profits.
thanks for the thoughtful readout. new to HZNP; a few questions for you/others:
- are there any upcoming catalysts that may be driving the recent movement?
- are there any rumored buyout candidates for HZNP or is the company more likely to stay on its own?
- do you think the stock will move more due to increased drug sales or is something else at play here?
- what are the biggest risks for HZNP?
Anyone else please feel free to jump in. I am an investor so my perspective is bullish, and certainly the opinions of others count as much or more than mine. I'm adding your questions and answers and my responses to the HZNP New Investor Primer so please refer to that post.