How do you know it's not from the SA story? Maybe investors are shorting it here bc they think oil is going lower. What was also weird was how BTE was up the other day while other oil names were down. How long have you been an investor in BTE?
Actually, this doesn't make any sense. BTE is down 5% while the other names in the oil sector are up or down slightly when oil prices are up. Even Suncor is up and they were directly affected by the Canadian wildfires.
There was a negative article in Seeking Alpha but I don't think that could dictate the price like this. Anyways, I am long BTE since $1.87 back in Feb. I guess I'll buy more here at $4.55. If you know why it's having a down day, please let me know bc I am very perplexed!
First, it was being affected by the Canadian wildfires even though its fields were not affected. Today, with 1.3mm shares traded already (half normal volume) in couple hours, someone is holding it down accumulating shares. It will go up once they get their fill later today!
On Reuters...the owner of Shanda Group is a Chinese billionaire who made his fortune on Chinese internet companies so he knows how to invest wisely. Let's see how the major US banks play LC now that a major Chinese investor is in play. LC's platform can very well work awesome in China too!
Makes sense...the Chinese want in on the US Banking sector. Easiest way is to invest in a top best of breed US peer to peer play to avoid the federal regulators the best as possible. The Chinese are known to over pay so I wonder if there is a buyout of LC, what the price will be??? Definitely higher than $4 range. Just my two cents.
You are a moron. Check the s-4 filings on sec edgar. Three board of directors bought directly from the market yesterday.
ENDP was a favorite amongst hedge funds like VRX so when it went down 40% last friday a lot of them were caught off guard. Also, I'm sure a lot of individual investors bought this stock on margin, and they started receiving calls from their brokers the last few days. I am hoping that today's selling were from both these type of investors who were forced to sell and today they are finished. Unfortunately, I started buying the stock at $16 and averaged down to $15. Insiders buying yesterday will let me sleep ok tonight. Now we need the CEO and TPG to come through or some positive news releases!
Thanks Chris. I think once all the margin sells finish up today, ENDP will go up. I'm thinking $20 by the end of the month. Which companies do you think would make an awesome merger partner with ENDP...and at what multiple?
I'm a buyer here and I was just wondering what people's best guess is if TPG buys additional shares or there is a merger rumor. Looks like consolidation will need to happen in the speciality pharma industry. ENDP has too many valuable assets to ignore...just my opinion ofcourse!
Sentiment: Strong Buy