This has been teetering around a $200M market cap plus or minus for quite some time.
For now we are about 10% above that and usually it reverts towards that number and swings under at times.
We'll see how it goes with the next earnings report in 3-4 weeks.
It's more than what I would have thought also glenntrader except there is supposedly lots of pension buying going on theses last two days.
Early July will be interesting with earnings coming up.
The quarter ends today so you may have spoke too soon. Looks like an exact 61.8% refib so far of the very recent recent $6.94 - $8 move but I'm a hack.
Maybe it finds it's way from here or flushes when the market turns down?
It may be under some accumulation with all the nonsense going on.
My broker again had it at 100% margin and now it's at $1.50 marginable.
Games being played to eff the little guy is always a possibility.
We agree on the company.
The stock abuse may continue but I like the behavior overall this week. As someone else pointed out there hasn't been capitulation here so we'll see if the market comes back under pressure in July and how this performs on a relative basis.
You may want to read up on them since computerized trading represents the vast majority of volume in the market. Algos are used for much of that trading. What do you think the back and forth 100 share lots were early in the day here?
They pulled the article calling your favorite company a scam so you must have bought back in by now.
So you think all is well with GILD right now and it will only go up?
It had great relative day 2 days ago and a poor one yesterday and so far a good one today.
On a relative basis you may be correct but the indices have just had a huge bounce as has the IBB.
If you are a long term buyer you are fine IMHO.
Wow within minutes it's now $1.50/share, not 100% or 70%. Give them 5 minutes and they'll change it again.
Shaking shares or they know it's a POS?
My broker is up to their usual game. The stock price is down so they change the margin requirement to 100% from 70% or $1.50 marginable.
I know these guys would eff their customers in a heart beat so that could be a contrarian signal as they pull this stunt fairly often in this stock.
That or they are simply aware this is a total POS.
You were saying skittles?
They better start buying more because no one else is today.
Maybe Ernest Mario will throw another $1M at this. he must have a $4itload of money to burn.
Let's see all the armchair QB's are telling an experienced seasoned management team what they need to do in the short term to increase the stock price.
Somehow I think they know better than every Tom , #$%$ and Harry on this board. They will execute based on their long term strategy and delivery good shareholder value.
As far as I know they can't employ HFT and algos to make the price go up.
Do you think this has been held back perhaps by forces who know darn well that this is a screaming value and NOT the advertised value trap?
Yes they were part of the offering and they took advantage of it.
They either truly believe or it was done for confidence reasons.
I'm sure they don't like throwing their own money away but at least they have some skin in the game.
Again, thumbs down for telling the truth. Do you know what an amended form 4 is. It states right on there that the form 4 from 6/21/16 was incorrect. he did not but 25k shares, he bought $25k worth of shares or 12.5k shares at $2.
It's great that he bought shares but don't lie so you can make a few bucks you POS.
Translation you are disappointed with the stock performance. I get it.
This is just a pain trade until it isn't. Controlled? Sure seems like it.
Nothing wrong with that approach, especially if another flush is around the corner. The XBI was up big today and so was this. The IBB was up nicely also but we now have a triple bottom there.
Will it hold the next time if there is one or totally flush as resistance generally gets weaker in theory.
How is it impressive that Dr. Saks bought half as many shares as was initially reported?
It isn't. He both 12.5k and not the 25k that was reported.
I actually gave you a thumbs up but at least the last stock reward was voted down by the shareholders.
You really aren't looking for answers you are breaking balz yourself.
typea playing his Vinnie the Chin role again.
Where am I? Who am I? Walking down the street in his bathrobe.
I get it. You don't know and no one here truly knows either. I had to bust your chops again even though I didn't give you a thumbs down on either post.
I'll repeat roughly what i posted the last time.
You can buy a little now not knowing. That's the price of admission. You can play it very prudently and if the news is bad you can remain on the sidelines until you think all the bad news is in. If the news is good you can buy higher.
In the bad news example you can fully wait it out until there is good news and buy at that time.
The high volume from Brexit was certainly caused from lots of people and supposedly professional money on the wrong side of the trade which i do believe because unless they were lying the professional I saw on TV expected remain.
To me now it's all about earnings and guidance. The good thing for XONE is they probably won't report until early August so they may have a pretty good feel for any business impacts.
The CEO won't BS us. Hopefully a decent quarter and a continued cautiously optimistic outlook. I'll settle for that.
With all the Central bank intervention this is playing out so far as the majority of professional traders on TV said which i had doubts about.
One of them mentioned that some traders were front running money they knew was coming in today or tomorrow (pensions?).
The market is to hit and possibly cross the roughly .618 refib move of the Brexit around 2067.
It's notable that the move up has been on lower volume than the move down. That said, there's been long stretches of market moves up during the bull market where volume didn't really seem to matter.
I think this is a counter move that may last but as you say we have earnings coming. i think earnings will be crucial for many stocks as will guidance. There's a good chance many outlooks will be tepid because CEO's won't want to stick their neck out on Brexit.
GDX continues to run. That says something.