The paranoia is full bloom today. The XBI drops 3% and the IBB 2% and virtually every biopharma stock with them, and you think that shorts have singled out this particular stock for manipulation. Perhaps myopia is a better word than paranoia - you're so transfixed by this stock, you don't notice what's really going on. That's usually a clue that you have too much money invested in a single stock ... or a single sector. I know that I'm overinvested in pharma myself, but at least I have it spread out a bit.
No one knows what you're talking about, since hawk has deleted his earlier topic "Shorts getting brazen again.." wherein you warned me to "STAY AWAY!" saying that I had violated the rules of decorum by calling you a liar. I never called you a liar; I believe your views are honestly held. In fact, I challenged you to find a single instance where I had engaged in namecalling of any kind. Although you yourself had referred to me as "a cockroach short" and "an inbred creep". And, of course, I've been called much worse by stellarresults and others here. Obviously, you're free to post on the IRWD board or any other. But try to keep it clean. Indiansfan407 has been polluting that board with his coprophilac asies.
Correction: TTPH, not IRWD. And even that stock is down now. When the XBI opens up only a point or so on the day following a big rally, you can expect it to drop and the falling tide to drop all ships with it.
The XBI is down by almost 3% at the moment. SCMP, which ran up on their acquisition of their holding company, is down over 10%. Bu, rather than going fishing, today is day to buy any pharma/biotech stock you believe in. I have added some BCRX. I have also bought some IRWD for a trade, since I think it may work its way back toward 11, where it seems to be arbitraged.
PS I don't have to look very far back in your posts to find you referring to me as a "short cockroach" or criticizing your friend's characterization of me as "an inbred creep" as too gentle. Can you find a single instance where I've insulted you - or anyone - personally? I also note that in the past you said that this is a public forum and anyone is entitled to his/her opinion. Your silly "STAY OFF!" command suggests a less tolerant attitude.
When did I call you a liar? If you check my history, you'll see that, unlike the longs here, who have showered me with such compliments as "stupid and desperate", "inbred lowlife", "wild rabid dog", etc. etc., I never engage in namecalling. I may have disputed some of your conclusions, but I never called you a liar because I know that you genuinely believe in the stuff that you're spouting.
More like pure fantasy. The weakness here is not due to shorts, who wouldn't logically reenter until you can put together a major rally. The problem is the lukewarm support of the longs, which is demonstrated by the fact that you can buy A September7 call for 27 cents -- 2 whole weeks of upside for 39 cents. And it'll probably be cheaper by the close.
You're being paranoid. The XBI is down almost 2% at the moment and 18 of my 23 pharmas are down along with it.
You are a wonderful person and your concern for the constipated is truly inspirational.
PS Do you teach psychology at a junior college? It's all coming together for me now.
Nah. You seem to assume that I have linked my financial fortunes to IRWD, as you have tied yours to SGYP.
In my personal portfolio, IRWD is the 18'th largest position out of 26. My largest holding is AAL (+5.89% today), and my second largest is INCY (+7.09%). In fact, my portfolio was up 4.56% today. I even bought into CRZO on the early dip and ended up making 6.68% on that. In my IRA, IRWD is 13'th largest position out of 44. Even though this is a more conservative portfolio with a good chunk of cash and large positions in dividend-paying stocks, I managed to eke out a 2.54% gain today. In spite of poor old IRWD only advancing 1%. My wife's portfolio, which has no IRWD, made 3.2% today. So no, I don't have that sinking feeling right now.
The relative weakness of this stock has become even more evident since I posted this last Tuesday.
Today, the Oct6 call was being sold for 1.25. In other words, you can buy a month and a half of the upside on this stock to 43 cents. If there's a buyout in the offing, this is easy money for you longs.
And then, of course, there's yours truly - an IRWD long with no position in this stock. The board would be more interesting if the longs had anything of substance to post aside from daydreams about $18 buyouts and Linzess being withdrawn from the market. For example, I maintain that it has taken Linzess 3 years since approval to pass Amitiza in market share for CIC. They are still losing money and have racked up almost a billion dollars in losses. They are now spending money on DTC advertising, which is causing their losses to increase. They are discounting their drug heavily with coupons which take the co-pay down to $30. (This ain't Harvoni, folks.) However, at their current rate of growth (56% yoy), they should have an 80% share of the CIC market by the time the SGYP drug ever comes to market. They already have a healthy share of the IBS/constipation market, which I assume is off-label, since the results of their IBS/C trial won't be released until later this year. So perhaps some hopeful long will explain the great marketing opportunity here for SGYP.
Don't you think that the FTC would frown upon buying two companies with competing products which dominate the CIC market and then withdrawing one of the products from the market? Particularly since Linzess seems to be the more effective product and recently replaced Amitiza on the CVS formulary?
I first came on here not because I was short but because I held a modest long position in IRWD. Some of your fellow longs came on the IRWD board crowing about your trial results. When I ventured to this board, I saw the same pattern which won me so many enemies on the DNDN and ARNA boards: (1) Inexperienced investors who had a large part of their assets in this one stock. (2) The belief that the stock, having had a dramatic runup, was sure to go even higher --although it was clearly going down. (3) A belief that "trapped shorts" and hedge funds desperate to get their shares were manipulating the price downward. (4) Fantasies of huge premiums to be paid by acquiring companies, none of which ever materialized.
I recall that the poster on ARNA who attacked my motives in the same way that you do here once accused me of talking him into selling some of his share just under 10. I don't think it ever crossed 10 again. If you owned 10,000 shares of SGYP when I first began to question its value, at around 9.60, and had believed me enough to sell half your position, you would have saved $13,900 of your profits. To this point.
Well, it has occurred to me that my boss, known to me only as BHFM (Beloved Hedge Fund Master) has threatened to dismiss me from my paid basher position because he has engaged a coterie of inept pumpers to drive the stock down more effectively.