Jinx! I posted the same thought at almost the same time. Ackmann is a billionaire because he knows how to take care of himself.
Every stock is a supply and demand story, isn't it.
Take Apple. Almost 6 billion shares. The earth only has 7 billion people on it! Great company, but the stock owning community can't absorb all the shares, all the market cap. So about 10 times P/E is the limit.
CMRX has about 50 million shares worth about $9 each. It's "106% institutionally owned." Now, we both know that latter fact is exaggerated, but 85-90% is owned by people who don't trade it, hedge funds and big fish investors. So the float is maybe 5,000,000 shares.
Watch what happens as we move toward the February 18th event, and the volume rises. I predict a quick double on the share price.
No. This is a publicly traded corporation. Putting a lawyer on the Board doesn't make the deliberations privileged, or every company would do it. Good question, though.
Yeah, I saw that. But I think if they were going to replace him, they would just do it.
BTW, when Khrushchev was replaced (by a triumvirate), they announced he was in the hospital, with pneumonia.
Agreed. Pearson is sick, probably, but this has to do with recent displeasure over the Phildor affair. I think Pearson should resign, and I'm sure I'm not alone in that opinion. As to his importance to the company (yes I know he's the founder), I'm reminded of what Charles De Gaulle said, "The cemeteries of the world are full of indispensable men."
It sounds better in French, the point is Valiant has some good drugs, and will go forward into a brighter future. Disclosure, I'm long of course.
I'm also thinking $92, seems about right for options expiration day. I'm sure Ackmann has a lot of options. And cash to buy stock in the last half hour of trading today.
Agreed. I'm long in general, I'm sure VRX will get to 110 next week, or better. Some major holder, a hedge fund perhaps, must be liquidating. Every time VRX gets to 101, they probably sell some shares and it goes back to 100.70 or so. Anyway, once they're out, in a day or two, it can go up again.
Caitlyn is planning to have e baby, BTW. She said that on E! and told Harvey Levin yesterday. Oh, and the liberal media want us to humor her delusion, because what she believes is so much more important than what is. If I think I'm a goat, it must be because I'm really a goat. Not a comment about VRX, off topic but had to say it.
It's already 102.52 in the premarket, before 8 AM EST.
Might close near 110, with all the short interest in VRX. Especially if no more particularly bad news today.