12,566,645 shares traded Friday
That's 6X average volume.
61% of float is short.
Float is 26 mill shares.
Looks like most shorts covered Friday.
Today should be interesting, but I'm not betting on a big move either way,
Or will it be the third day? Initially LL popped on settling with the government. That was good for 10%. Friday, it got interesting as shorts realized that they were very vulnerable to a squeeze, 61% of shares are short and there will be panic buying as their profitable short positions turn negative and keep getting worse. If nobody is selling as the stock price rises, how high can it go? I'm in no hurry to sell my shares.
CHISINAU, Moldova (AP) -- Over the pulsating beat at an exclusive nightclub, the arms smuggler made his pitch to a client: 2.5 million euros for enough radioactive cesium to contaminate several city blocks.
It was earlier this year, and the two men were plotting their deal at an unlikely spot: the terrace of Cocos Prive, a dance club and sushi bar in Chisinau, the capital of Moldova.
"You can make a dirty bomb, which would be perfect for the Islamic State," the smuggler said. "If you have a connection with them, the business will go smoothly."
But the smuggler, Valentin Grossu, wasn't sure the client was for real - and he was right to worry. The client was an informant, and it took some 20 meetings to persuade Grossu that he was an authentic Islamic State representative. Eventually, the two men exchanged cash for a sample in a sting operation that landed Grossu in jail.
The previously unpublicized case is one of at least four attempts in five years in which criminal networks with suspected Russian ties sought to sell radioactive material to extremists through Moldova, an investigation by The Associated Press has found. One investigation uncovered an attempt to sell bomb-grade uranium to a real buyer from the Middle East, the first known case of its kind.
In that operation, wiretaps and interviews with investigators show, a middleman for the gang repeatedly ranted with hatred for America as he focused on smuggling the essential material for an atomic bomb and blueprints for a dirty bomb to a Middle Eastern buyer.
The Obama administration plans to close the last remaining American-owned uranium enrichment facility in the United States, even as it moves forward on a controversial nuclear deal with Iran that permits the Islamic Republic to conduct ongoing and significant uranium enrichment.
From Newsmax Sep 28: The U.S. Department of Energy (DOE) has informed Centrus Energy it will end the American Centrifuge project in Piketon, Ohio, on Sept. 30. Notices have been issued to some 235 workers that their jobs are in jeopardy.
"We have concluded that continued support from the federal government for additional data from Piketon operations has limited remaining value," a joint DOE/National Nuclear Security Administration statement said, reports the Chillicothe Gazette.
"This is beyond belief," Rep. Brad Wenstrup, R-Ohio, responded in a statement. "While this administration is greenlighting uranium enrichment in Iran and legitimizing 6,000 Iranian centrifuges, they're shutting down domestic production here in America."
Wenstrup called the closure decision "a dangerous threat to our national security."
In its announcement that it will shutter American Centrifuge, the DOE announced the enrichment technologies developed at Piketon may be transferred to the Oak Ridge National Laboratory in Oak Ridge, Tennessee.
As recently as 20 years ago, the United States produced nearly 50 percent of the global supply of enriched uranium. Today, however, U.S. production accounts for only about 10 percent of the global supply, with Russia, France, the United Kingdom, Germany, and Holland producing the bulk of the world's enriched uranium.
looks like the current spot SWU price is about $64/SWU, a new low.
Source: The Ux Consulting Company, LLC
It was $162 in 2009
Today's price is a 30 year low.
Stock price could quadruple and it wouldn't be overvalued!
I pity the fool who obsesses about the PE ratio!
The Iran nuclear deal is silent on an issue that the CIA and proliferation experts are concerned about: that Tehran may outsource parts of its nuclear and missiles program to the secretive regime in North Korea, which on Tuesday committed itself to producing more fuel for nuclear bombs.
CIA Director John Brennan acknowledged Tuesday his agency is monitoring whether Iran may try to assist its clandestine nuclear program with help from another rogue state such as North Korea, or by colluding with Pyongyang toward the secret purchase and transfer of nuclear weapons for Tehran.
It's a disaster for people who bought higher. If you bought today in the 9's and it hit 12 by Christmas you'd be singing the company's praises.
"We are disappointed that the IGNITE2 trial did not achieve its primary endpoint. We plan to further analyze the data and provide an update after we have discussed the data and our plans for a path forward with the regulatory agencies," said Tetraphase CEO Guy Macdonald, in a statement. "We previously announced positive data from the IGNITE1 phase III clinical trial of eravacycline administered intravenously in complicated intra-abdominal infections which did meet its primary endpoint, demonstrating high cure rates in prevalent Gram-negative pathogens and a favorable safety profile."
Based on the positive results in the IGNITE1 trial, the drug DOES work, so the stock is worth a lot more than $9. I bought some at $9.19. Heck, at this price TTPH becomes a takeover target. My modest short-term target is $12 .
On Sep 4th Lannett Company had a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%..
Zach's does some decent research, but their recommendations/ranking is a random number generator.
President Obama’s decision two years ago to reduce the role of nuclear weapons in U.S. military and defense policies is being challenged by Russia’s large-scale buildup of nuclear forces, along with Moscow’s revised nuclear doctrine and recent threats to use the weapons.
The U.S. guidance was outlined in a 2013 White House order called Presidential Policy Directive-24, which calls for reducing the role of U.S. nuclear weapons in national security strategy and maintaining deterrence with smaller nuclear forces.
A Pentagon report to Congress states that the administration is seeking “the peace and security of a world without nuclear weapons.” At the same time, the U.S. views the safety, security and effectiveness of nuclear arms as a deterrent that must be maintained “as long as nuclear weapons exist.”
One flaw in the White House guidance was outlined in the classified PDD-24. PDD-24 says a “key part” of the new guidance is a more benign global security environment, but that has not come to pass under Mr. Obama’s watch.
Nuclear threats posed by North Korea and Iran remain, and China’s nuclear buildup remains a concern.
Fear of the nuclear threat posed by Russia, too, has actually become more serious than when the order was signed by Mr. Obama.
The 2013 order erroneously states that despite differences, “Russia and the United States are no longer adversaries and the prospects of a military confrontation between us have declined dramatically.”
That assumption has become less valid after Russian annexation of Crimea, continuing destabilization efforts in eastern Ukraine and announced threats by Moscow against Eastern European states.
The new Russian threat also has been highlighted by recent statements by senior military and defense leaders.
The Coast Guard said Thursday it has closed a portion of the Mississippi River near Paducah, Ky., because of an oil spill after two towboats collided and a barge was damaged.
The spill caused a “five-mile discoloration,” as crews continued to assess just how much oil spilled, officials said.
The discharge of slurry oil, a refinery byproduct, began Wednesday night after two towboats collided on the river, some 40 miles from Paducah. The river remains closed in the area to all traffic except for vessels working the scene.
The Coast Guard said the maximum potential release of slurry oil is 250,000 gallons. It had said earlier that it could have been up to 1.05 million gallons, but said it reduced the estimate after learning that two remaining partitions aboard a damaged barge were said to be secure.
The Coast Guard added that it is investigating the cause. It said it is working at the site of the accident with the barge owner and an oil-spill response group called SWS.
It's acquiring Kremers Urban Pharmaceuticals for $1.23 billion.
The buyout will effectively double Lannett's sales, and boost fiscal 2017 EPS by 20% to 25%, the company said.
How will it pay for the acquisition?
Iranian nuclear chief Ali Akhbar Salehi announced Monday that the Islamic Republic is putting together a 15-year plan to enhance its nuclear capabilities following the signing of a landmark agreement with world powers last month.
“A 15-year-long plan is being compiled and the plan will be reviewed every 5 years,” Salehi said during a ceremony at the Fordo nuclear site near the Central city of Qom, the semi-official Fars news agency reported.
“One of our plans is to move on the path of commercialization and we hope to gain success in this arena,” he continued.
According to Fars, Salehi also discussed plans to construct a nuclear hospital as well as two small nuclear power plants in the Southern province of Bushehr.
Last week, Iranian President Hassan Rouhani also said his country would commercialize nuclear technology as soon as the agreement signed with world powers in Vienna on July 14 comes into full effect.
“Our nuclear program has been recognized in Resolution 2231 and world powers are eager to cooperate with us in this regard,” Rouhani stated.