This is the dosage which should eventually become otc.
At the moment, IRWD is 25 cents (2%) below its 52 week high.
The IBB is 139 points (35%) below its 52 week high.
SGYP is $6.32 (62%) below its 52 week high.
True. And we will see if some pharma stocks can weather this storm. (Unfortunately, those that earn money overseas, such as JNJ and CELG, will get hurt badly.) However, as is often observed, when they raid the cathouse, they take the good girls away with the bad girls. A flight to safety or cash or gold will hurt all stocks.
However, the converse would be that NYC and Disneyland have just been marked up 10% for Europeans. And, like all companies who earn part of their revenue in pounds or euros, the American international carriers will get hurt. i
PS Note that OTIC, another small cap company which was significantly diluted this year, traded about 6 times its average volume today.
You are correct in attributing today's extraordinary volume (over 11million shares) to the Russell rebalancing. However, this annual event can affect a stock even if it is not being added or dropped from the Russell index. Remember that there are now 70 -80 million more SGYP shares on the market than there were last year. To maintain the relative weighting in the index, a lot of shares have to be added. Most of these events are, to some extent, priced in beforehand.
Yes, you are right to ignore the Brexit vote, the plunge in world currencies, the implications for Fed inaction on interest rates, the rebalancing of the Russell indices, the collapse of the Nikkei, etc. The markets were really preoccupied with worry about the forthcoming plecanatide juggernaut.
How can shorts "miss the boat" when the Dow is down more than 600 points? If you were short anything other than gold or treasury bonds, you made money today.
Actually, up over 6%. I now own 11 biopharm stocks and all were up today ...one more than 8%. This was being sold into strength today.
"its". "it's" is the contraction for "it is". Boy, this board was just dying. Aisan had everyone bored to tears with his incoherent stream of fake pidgin English. I know you all missed me.
Once again, I don't have any shares. Itsahorserace, however, has well over 100,000 shares, I believe. ( He and I differ about the prospects of this company, but he's been invested in it for years.) It's pathetic to see you flourishing that water pistol at a man who's holding a fire hose.
It doesn't take too much buying to drive this up when no one is selling. Well, I've sold bit. But I seem to be the only one taking profits here.
I don't own any shares of SGYP. So I am awed and intimidated by you strutting around L2 flashing your big roll of 6,000 shares.
aisan0110: itsahorserace really is a committed long with a large (too large, in my opinion) position in SGYP. Challenging him to match your paltry 6,000 shares is a joke.
itsahorserace: aisan0110 s not a paid basher or a minion of mysterious shortsellers. He's just a pest.
Sender's 8K was filed on Nov. 10, 2015 when the stock was at $6 a share, so his option would be well under water. In any case, his options for 375,000 shares vested over three years in three tranches of 125,000 shares each, on the anniversary of the filing. The first 125,000 shares would have vested on Nov. 10,2016.