Remember how the shorts and momentum guys played with NFLX before they ran it higher. Just pick your spots and buy for long term. The business model is sound and they have a niche market that will be growing. With any technology that depends on high growth dynamics the stock will have wild swings. Don't think in weeks here as you will be burnt guessing the price. Think 6-9months out how things will pan out. There will be a rebound and it will be sharp and you need to get shares when others are selling and then you will be in nice position when they come back fighting for your shares....;)
Why tender force mgmt to sell at fair takeout price which should be at least $10. Mgmt and Board need to do fiduciary duty to shareholders not make the easiest fast money for the executives. We are not tendering our shares along with other large funds and activist investors. They will need to sweeten the offer before we accept....:)
They are playing with $40 strike - make their money and let it expire worthless and then run it next week. Lets see where the bidding will begin and end - mgmt will not take anything less than $50 imo....
Shorts playing with fire here... ANGI will definitely see interest from larger social media willing to integrate and create synergies. FB, AAPL, YHOO etc will integrate the business model and crate more value. ANGI mgmt will not resist a nice premium and cash out of their stock options....Only matter of time...=)
The short game is over for the next few months. The guys i know have covered and going long. A group of us are in process of building nice long position. Keep eye on the action....;)
I see that this msg board has not changed. Been busy so not much posting here. Biotech has been strong this year and will continue as we see big pharma looking to add to their future pipelines with expiring patents and generic competition. INSM will be well positioned as I believe Lewis will have a few surprises for investors with clinical updates for CF and NTM. Hate to bring up this but Iplex will also be revisted again....When all is said remember Lewis background as ex ibanker and his track record. Some entity will want these assets.....:) GL here have a a core position ready if you want to trade these opportunities dont always come around.....
Like I said can't predict the bottom but we are close. A few of my friends at other funds will be joining us on the long side soon...:)
Talking to other guys who were also short. They are also worried that it will bounce soon from these levels since they keep asking me what will be the bottom. I told them I made my money short not worth the agony watching it spike up and giving up my gains. Now MM is trying to steal shares and collect inventory. Then it will run better to cover when it is down then spiking higher. Money will be made in going long now....;)
We have been short for quite a few weeks now...action should tell you that shorts have been manipulating this stock with the help of panicking retail. We have covered our short position as of today and now are net long. Today i believe most weak retailers have capitulated that is why we will continue to add to our new long position. This will see major bounce get ready people....;)