this run up is nothing. the stock still has at least 15 dollars to the upside. look at jazz. it ran up from the 70's since i started with that stock and it has doubled.
so it is right time to fire up that cylinder again. break 8 soon would mean the 9's won't be far
should have doubled my position then. was really close to pulling the trigger. but wanted lower price. now it is too late. no more 5's for a while.
he is not the type who buys the stock and then hype and pump it. he just lets his buying say it all...and up to investors to decide on that...
being crazy is one thing. being dumb is another. frost didn't buy the stock every day because these drugs in the pipeline are going to fail. they just don't think about it. frost is reading the trial data before anyone else and i am sure he likes the data so much that he is committed to buying the stock daily.
they better not take it down too far. a buy order is in to grab shares. there will only be less shares for shorts each day the stock sees weakness as it is being accumulated by various people and institutions.
no way is any experienced trader should be in this stock right here. it will be sold off massively sooner than later. i see it below 200.
when the stock was in the mid-30's the ceo bought a million bucks worth of stock. most of wall street, like the shorts here on opk, dismissed such news and didn't believe in the stock much. then akam reported consecutive earnings beat and gaining market share, the stock eventually moved up 20 bucks.
don't ignore insider buyings. they know better than anyone else.
i don't see why people are so stubborn and short the stock here. three analysts have a buy rating, no sell. all the bs excuses about overpriced, its meaningless for this industry. just remember when multiple insiders buy, its a very good hint and indicator.