C'mon, Indiansfan, construct a giant imaginary short position in IRWD to go with your imaginary long position in SGYP! Or I'll construct one for you.
This is a singularly undiscriminating fund - more like an index fund of everything. Yes, they did pick up 53,544 shares of SGYP, listed as worth $305,000 (but worth more like $200,000 now). They are so undiscriminating in fact, that they picked up 20,833 shares of IRWD to bring their total holding to 59,211 shares, listed as worth $701,000, but worth more like $540,000 now.
Wow! With his 500,000 imaginary shares, indiansfan is much more important than this pipsqueak. And itsahorserace, with his 130,000 REAL shares puts him in the shade.
What you pathetic losers (if there are really more than 1 of you hiding behind those phoney id's) don't seem to realize is that I have over 40 stocks in my portfolio.
You are an embarassment to your (phoney) id.
Right. itsahorserace blew a $730,000 profit and is now sitting even. All of you bozos think this stock is going to make you rich - even while it makes you poorer than ever.
PS For many of you, your loss on this turkey is now a long term loss. You should have taken some of the short term losses, waited a month, and, since you're true believers, added more here. But you live in the constant expectation that it's going to jump dramatically. (How about that big 15 cent rally on the NDA filing! Lasted about 5 minutes. The MM's had hoped to get it higher and hold it there, and now they have more shares than they want.)
PS If you really believe that it's going to 5, short some. Or buy some puts. Put your money where your mouth is.
You're a lot stupider than Brad. They stopped it at 9.10 to let the shorts double up. Let's see how that works for them tomorrow. Maybe a little dip below 9 to lure them in for more, then set the hook, I think.
Unlike you guys, I don't ride a stock all the way down. In 2015, I had substantial positions in IRWD in both my taxable account and my IRA: as much as 8,000 shares in my taxable account and 10,000 in my IRA. The majority of these had a basis under 13. I unloaded shares more aggressively in my taxable account, and made a profit of $9,360, ending the year with no Ironwood shares.
In my IRA, I was too slow to take profits, and lost the stunning sum of $28. I ended the year with 3,000 shares showing an unrealized profit of $3,377.
I have been rebuilding my position here on the recent weakness, and intend to add more. I think some of you guys could take a lesson from the above. If you had taken profits in SGYP on the way down, you'd be in a position to add shares at these lower prices. And you would have profits in hand.
No, I love the large short action. Those numbers are fairly meaningless, by the way. And the "short interest" is still probably around where it was. Short it, if you dare.
The 54,000 share lot crossing after hours at 9.08 shows where they were supporting it. Letting the shorts double up at 9.10, I think. We will see.
If you think so, go ahead and short it here. Ironwood has, in effect, already been sold.
You're half right, Stu. I hold no SGYP shares, long or short. However, I have been adding to my IRWD position on the current weakness and now hold 10K. Incidentally, unlike SGYP, it's easy to short IRWD, so I think you should go head and do that right here at 9.