Yeah I was pretty sure the same thing was happening as you said, in fact I came to the board to post about it, because I was able for once to get calls at the ask. At first I felt lucky, but then I realized the only time someone sells calls like that is when they plan to bring the stock price down. In fact what I'm guessing is that the takeover pimp articles were so that they can move the price higher, get an extra dollar there, sell large amount of calls because they look cheap relative to recent prices and then put the hammer down. Hedgies. Now I'm way over weighted.
Zacks has been all over the place, extremely negative when the price has been down and now that the price moved up they have had us a #1 stock. So to sum up their rating system, when a stock is moving up it's highly rated and when its down its lower rated. It's moved in between a recent high and low, so it looks like right now using the considerable analyst tools at their disposal, that means neutral.
One of the stranger things I saw today was the evaporation of the overpriced premium on some calls. Price of the stock hasn't changed that much but I wondered if it's just one of those time ran out so premium dropped things and the market is finally recognizing the deterioration of time or if mms got tired of not being able to buy calls at the price they want? It's the first indication to me that rumors flying around about a buyout might have some truth to them, although I can't conceive of anyone paying for a drug with a 37K price.
Jo-Kell and I are pretty tight, he kept trying to short higher, but when he finally got enough money from various mental disability settlements, he ended up shorting at 54, low of the day Monday, Beegz He's in here celebrating because he only lost a dollar a share this time. Not the massive hits of 10, 15, 20 dollars a share that wiped him out and forced him to wait for a few charity dollars to come his way.
Thanks Pharma. I never predict either because it's pointless. I do try to figure out what may be going on based usually on three to four or five scenarios so I can make decisions as they unfold and figure out the relative dangers of choosing a particular path. If this was a deadcat bounce not so good, but then from past experiences biotechs often need a catalyst and go up in fits and starts, so I'm not so worried about a further price decline unless I figure out there is some other vector involved. Another possibility is as you said plain old volatility, but another is repositioning and potentially a market correction. None of which to us mortals, will become visible until it's occurring.
Anyway my best guess now is that we should have bounced off the bottom and sustained it and just like the time we went up to 33 to 36 and settled back down below the selloff to me indicates the retailer is only one buying. Kind of hope not. Way, way overweighted.
Pharma is that why we plunged ~100 cents Friday? Any opinions would be appreciated, I took Friday off and only followed the market for awhile. Because for me if it was news driven it will be a whole different buying strategy on Monday. If it was technical it was a very weak dead cat bounce IMO meaning recent lows and probably substantially lower will be tested.
I'm just thinking that there either has to be a catalyst as is more often than not needed for biotechs to rise and in this case for us to get beyond 60 before earnings (I wouldn't doubt it could even be a BS event that causes a sharp rise) or they'll make us wait right up until earnings before they allow this one to rise. It gives them a sharp advantage with their ability to hedge and the inherent nimbleness of computer driven trading. Plus they can harvest the whole time in between earnings if they feel it will be higher.
but since ACTHAR is a natural product it MAY do things like target these fibroblasts. Just say'n evolution can be funny that way.Cyclacel Pharmaceuticals, Inc.. Seliciclib may work for RA by targeting proliferating fibroblasts, a different type of approach than conventional RA therapies, and could therefore succeed where these treatments have failed.Over the past 20 years, improved treatment strategies and better drugs have resulted in greatly improved outcomes for patients. Currently available drugs for RA, called disease-modifying antirheumatic drugs (DMARDs), slow or halt the progress of the disease by reducing joint inflammation or neutralizing immune cells. However, many patients still do not recover and about one in ten do not respond at all to conventional treatments.Scientists believe that another type of cell, fibroblasts, may be responsible and may be limiting response to conventional treatments. In RA these cells div
Thanks, you just saved me hours of reading. Looks like $5.00 is pretty close to bottom, at least way low end. Need to get a feel for other things, but initiated a position.
Get really drunk before the bell and see if your trading changes.
Seriously if you're not lazy go back and read some of the longer posts, that is if you are careful and determined to get a good feel for QCOR. The main worry is the price, not that it has one drug =I made that mistake with Amgen when I was young. Oddly the manufacturing process protects it better than a patent.
Would you be happy with a company that had drug treatments for all the autoimmune diseases? All of which were pretty close to the industry standard with few side effects, but not a cure ? Too good to be true? Would you buy their stock? What if it only had one drug and no overhead and did the same thing? If you don't get what I'm talking about you should do some reading and understand what the underrated ACTHaR is capable of.
At some point our prez and fellow comrades will rotate into protecting another one of his failures, the rape of our economy, destruction of the middle class through his health care fiasco. Most certainly and formost it will involve an attack on the price of drugs. When he does that there will be no where to hide. So keep an eye on the macro.
Sold the last of my jan50's at 26, waited what seemed an eternity and bought back Nov 50's, stock at 55.10 today. Didn't get crazy over weighting because I don't know if the market will accept the Bernake sugar high forever, plus everybody knows that QCOR will reverse itself and has made a bet up. The market, the ultimate contrarian has a funny way of humbling the crowd
Lost on day trade Friday. Made money on half lost on other half. Wiped out recent day trade gain + more.
I'm new to the refining sector. So far I've gathered that crack spreads were recently quite high and added a lot to the bottom line, but these were kind of an anomaly and have since gone to a more historical norm. For people who have followed this history do you think they'll go much lower or have they pretty much bottomed?
I'm assuming CVI is qtrly. I'm trying to get a feel for an entry point. It looks like both stocks are going to slide 3-4 points. Anyone got an opinion on an entry?
I thought the option point was going to be 60. Now I'm thinking it will be 55. Yeah if it does go up, my guess is it will be pretty hard, around 2:30 eastern time and settle at close to 60. But I don't think it will.
The reason the shorts can mess with us is because their short thesis is not what most people here think it is. Otherwise this one would have a huge short squeeze.
Yeah but it is kind of a jo-kell move on their part. I trade a lot less because of it beegz.. Somedays you know it would be a mistake to stay even though you bought it that day.
Be sure you monitor the macro on QCOR. Hey not that I'm a guy that makes money, or should be giving advice, I mean how can someone get in at 19 and not made a killing, but I'll say the political is as important to follow IMHO as upcoming events. Be sure you have insurance, its ok to make a litle less money.
Myself I'm waiting until the one year RSI gets below thirty for a technical buy point, minus a market crash, which I'm sure no taper wiped away any worry, but I think we all know how high this will go in one day when a decent catalyst hits.
I sold out the same day. Got a natty note from TDAmeritrade saying I made a round trip trade and there may be corporal punishment or something for a small timer if I continue day trading like the big boys. Never ever do it again type thing with a death penalty for four times. God I just can't get over my good luck, 63.10 was the low of the day. OK jo kell I'll try to shut up since you're my only friend on the board. But it was really, really good luck.
Wicked nice to know that the old clawhammer got a piece of you. Evidently you took this post pretty personal if you're reviving this dead thread.
How come you don't post your trades anymore? Did you run out of funds or can't take the derision and shame of knowing you lied to make it look like you made money and can't even do that competently? Nice try with the sound effects, i get it, you're zimssing yourself because you didn't have any money left to short and now it finally goes down. Sharp guy, moving on to an new endeavor, now the Micheal Winslow of all Yahoo message boards he purveys
Like I said jo kell, you're a funny guy, a bit redundant sometimes.
Thought something was up with the large bloc buy of 40 puts. Straight leverage, greed at it's purest, brazen confidence that you have the ability to move the price of a stock. Small pox blankets for the Indians. Hope jo -kell sleeps in his tonight.
It should be up and down before earnings knowing that a catalyst has to move it? If the RSI hits below 30 (1 yr), Forbes will probably put out an oversold, that is worth a big buy type plunge. A catalyst or market collapse are the two things I see moving it big before earnings.
Yeah he used to do it right after he shorted, but he got burned to a crisp too many times during the day followed by derision all day. Posting his shorts as he went really exposed his lying because when he finally got a win there were so many others trades that were so far underwater his bragging was ludicrous if not downright goonish. But he's improving, he's learned not to make himself look as silly. Funny guy. A bit redundant.