I'm convinced the approval means LESS than the stock action.
That wasn't a drip.
It was a torrential outflow.
It's doing it again.
You might think I filled up on Haterade, but I've been 100% right on the action of this stock. The only thing I was wrong about was the Approval. And Guess What? That approval hasn't mattered a single bit.
It's splitting the existing shares into smaller fragments so more people can have a position. It's like what Bernanke does to the US Dollar every millisecond his printing presses are running.
Doesn't seem to have mattered, PPS wise. Approval or not, If i sell this every time it goes above 3, so far I have a great chance of picking it up a few days later in the 2's.
So we can quibble about approvals, but I'm looking at the trades. Not really much meat on the bones.
You promised a lot of people a lot of things here - fantastical prices in the teens and all. But nope, never told me to F off.
So (1) you remembered something that didn't happen and (2) failed everyone here.
+1 to you
Looks like a turd and sure smells like one.
We can quibble about what it "should be"
But it's 2.97 at this writing, and still hasn't closed above the speculative price of last fall.
Something is amiss.
I was watching L2 - how many fills did it take? Didn't see your chunk go through. Please, elaborate. Allow us the mercy of knowing your fill amounts.
Shorts at 5.95 aren't really too worried. Stock is not holding well, although it should be a buyer's dream.
Most of us just feel lucky that we bought in the 2's and show some profit.
Zogenix is like a juggler with chainsaws and torches - sure it's fun to watch but we're all secretly waiting for either the chainsaw or torch to "make it's mark" on the juggler. Because Zogenix really can't juggle.
He only believes that money is made from things going up. He doesn't understand that better than 80% of trader profits are made when things go down.
He clearly doesn't understand how you can short something up higher - at levels this stock hasn't seen in years - and yet still be very very very green, even with this approval. And he clearly doesn't understand that this stock didn't even come near to the pre-approval levels from last fall. That does not bode well.
But profit is profit and I don't care which way you make it, but I do care that you didn't take that profit off the table. Never hold, this market is not made for people to hold. If you hold, expect your wealth to be wiped out.
Really? Your broker let you, a retail investor, short a stock less than $5?
REALLY? Do tell, which Broker is this? Inquiring minds really want to know.
Since you cannot know what trades have actually taken place, nor who has covered and who has instantiated new short positions, I'd ask that you take your potty mouth elsewere.
Never cursed once at you.
I learned a while back to limit plays like this. My max is 2500 per speculative play. I may have 20 in play, but never more.
I will only buy larger positions on stocks that have options so I can protect my play.
I heard you'd drowned ... that your keyring carried you to the bottom and you couldn't swim back up. Glad you eventually made it. Drip drip drip
Never said I was smart. Said I was an uninspired, non-believing long. That's within 6 words. Do you have reading capacity?
By the way - we're all here for fun. No one takes a Yahoo message board seriously, now, 2-3 years ago, ever. If you're here for engaging stock opinions, well, I see your problem.
There are shorts who hold this well above here - mid 3's. They've never lost profitability yet.
Until this closes ABOVE 3.55 or so, big-money trader shorts are in no danger. They're still green. Just as buyers in the mid 2's are green.
It's Ok - we never heard from Dave prior - he has no chutzpah, or ability to even HAVE an opinion let alone a position. But he came here today to make fun of a profit on a stock.
It used to be, long before this crop of "yutes" came into their voices, that it was all of us against Wall Street and all of us against the Machines. But as "David" clearly points out, that's all changed.
The Yutes prefer it's everyone against everyone. That way no one wins and they don't have to feel bad. It comes from everyone getting a trophy for just showing up.
I ask David to put his buys and sells on the line like a man, like I have, to make predictions, and come back later even when he's wrong. I challenge David to do that, but I know it will never happen.