Despite your obsession with shorts, the problem here is not an excess of shorts, but a lack of longs. The idea that a stock can be beaten down for six months simply through shorting is a mathematical absurdity.
What is not quite so bullish, however, is the Feb4 calls selling for 45 cents - which is to say, you can buy the next three weeks of upside for 47 cents.
No, I promised my Hedge Fund Master YOUR shares. He will not stop driving this down until he has them.
Paulson's funds have been a disaster since he cashed in big on the mortgage bubble. Vanguard holds SGYP in some of their index funds, as does Blackrock. Meaningless.
If you hire a CFO from Shire, you can be sure that there will never be a deal with Shire. Investors' lawsuits would fall like rain.
Note that in the 3 months before Shire's buyout offer for Dyax, there were 7 posts on the Dyax Yahoo! Board. 5 of these were Spam. (That's an average of less than 1 post a month.) Yet anyone who was paying attention would have noted that the smarter biotech funds had added large chunks of Dyax and Alexion in the second quarter. Wherever the babble of retail investors is loudest, the real opportunity is the less likely.
Yes, my boss wants to get more shares cheap ... but he particularly wants to get YOUR shares.
Yes, every CEO of every loser biotech midget wants a buyout. My granddaughter wants a pony. Doesn't mean she's getting one.
I think you wrote that idiotic post, too. Since you only appear here to slap indiansfan on the back for this nonsense. Brownsfan, of course, we know is his most popular alter id. And commonsensesareus is another of his id's.
Where is this wonderful new info? Or did you just make it up? Incidentally, the fact that their new CFO is from Shire is a guarantee that they will NOT be acquired by Shire. Every tinhorn law firm in creation would be all over them. I don't imagine that BMY would be a bidder for SGYP, since they got stung so badly on their last deal for a Jacobs company. AGN, of course, is committed to IRWD.
You're absolutely right. As of his last 13f filing Paulson held 9,000,000 shares of SGYP. (down 38% since then for a $21 million loss) I didn't have a single share.
He also held 8,890,000 shares of VRX (down 50% for a total loss of $790 million. I had none.
He held 41,751,000 CIE. (down 56% for a total loss of $173 million) I had none.
He held 7,600,000 WLL (down 61% for a total loss of $22 million) I had none.
Now what, exactly, was your point?
Actually, I recall that it went up about 50 cents at the open yesterday on about 10,000 shares. This big rally was over in literally a minute as the pro's sold it off all day before releasing it in the last 30 minutes ... which not only shows what kind of legs this "buyout pr" had, but how desperately overextended the remaining retail longs are in this stock.
It's not often that "buyout pr" causes a drug stock to drop ...on a day when the IBB was up 3.33%.
Why have you been relentlessly pumping this loser instead of stocks like Dyax? When Shire announced that they were acquiring DYAX, the stock only went up about 25% ... because a lot of the runup had happened in the previous months, since the acquisition had been widely expected. So even before the announcement, DYAX had a market cap of about $4 billion. The approval of DX2930 was considered a near sure thing, and worldwide sales were projected at $2 billion. In what way does this resemble SGYP with a market cap of $448 million, which is progressively shrinking and a stock price which, in the face of this imminent buyout ,hs fallen to a level last seen in May? No one wants this company. They are burning through $25 million a quarter with little to show for it. Without a partner or buyout, they have absolutely no way to finance the launch of their drug -- even if it is approved. PS I had a lot more invested in Dyax than I have in IRWD.
This a pathetic attempt to rebut my post of 12/31, "7 myths holding up SGYP". I will only note that since that date, 3 weeks ago, SGYP is down 30%.
More idiocies posted by someone who is ashamed of his own id.
Which year are you talking about? So far in 2016: XBI down 21%, IRWD down 15%, SGYP down 30%. The trend is your friend. More to the point, since I started posting here on 7/30: IRWD down 5.6%, SGYP down 58%. (It's outperforming the competitor by more than 10 to 1!)
PS If you're going to post truly inane stuff like this, why do you have to do it with a phony id which mimics mine?