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.
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.
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.
PS If you really believe that it's going to 5, short some. Or buy some puts. Put your money where your mouth is.
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.)
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.
You are an embarassment to your (phoney) id.
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.
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.
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.
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 now priced for halving or suspension of the dividend, which we know is not happening. Or for a major shrinkage in the coverage ratio, which I think is also not happening. We will soon find out.
Yes, we know some things: (1) The BOD has said recently that they expect to maintain the distribution at current levels.(2) The price of their key products does not decline proportionately to the price of crude oil. (3) If (1) is true, the chance of a 20% return in a declining interest rate environment is attractive.
Personally, I think there's a lot more risk in being short going into earnings than being long. We will see.
Look at this way: If they cut the dividend in half (they have said that they're going to maintain it at current levels recently) you'd be making 10%on your money.
Or, look at it this way: If earnings don't fall out of bed and this is15 by the end of the year, you wil have made 33% on your money.
Okay, but if, in your view, the downside is 10 and the upside is 15 with a 17.7% dividend, I'd argue that you take the upside bet right here.
"still"? Those are obviously the positions as of the end of last September. Tuesday we should see the positions as of the end of December.