Looks like that is the message. Price goes higher or buyout sooner than later. Hold the core for serious up moves throughout 2014. IMO risk vs reward here keeps moving in favor of huge rewards.
Sentiment: Strong Buy
Year end tax loss selling, low gold price and CEO gone. Its the end of the world! No, actually it is and has been fantastic for those who are investors and took advantage all the way down to capitulation of the #$%$ investors. Why? The value of this mine FAR exceeds current cap. Either price rises, or it gets bought out. If on no other basis than price to buy 15 million proven and obviously greater amount to come, in safe jurisdiction, with mine built already. Nothing like it for this price. When gold heads up, whether now or later, this will rocket up. Take advantage while you can to year end.IMO
Sentiment: Strong Buy
So many spin artists. This is good news and not to be rationalized. They would not spend the money if potential not very large and success deemed probable. That is the bottom line. I put faith in these very highly credible endorsements, over anything said here. The core positions just got further endorsement. My target for next year remains at dollar twelve plus.EOS
Explain? Shorts can be manipulations, hedge strategies, or simply speculation by a portion, and they can be related to financings, positions held, or even other holdings or deals. The folks here who claim to know, what the shorts represent and the resulting stock action related, if at all, obviously do not know, as their predictions to date, in particular short term trades have been notoriously bad. Its really quite simple at this juncture: Long term looks great for a speculative biotech investor, willing to ride out volatility, which this short term stuff seems based on and is in reality appears to be nothing but seasonal action, market factors and/or various players manipulative moves. On the other hand, the long term potential looks very good, with normal risks, of course, associated with biotechs, but lessened somewhat here, because of already approved indication, (thus safety issues should be mitigated somewhat) and results to date are very good for FAR bigger markets that are targeted with this same product. The coming results should clarify just how good, and whether it does meet the criteria to be marketed for a couple of these huge markets. That is the speculation here by many, including myself, for the medium to longer term.
So short positions are not necessarily bad at all, and in fact can be huge for upside potential, should they represent people exposed on the wrong side of any good news. And if the news were bad, well they make money, but have already sold, or hedged, so impact in reality far less. In other words they have already sold and that is IN the market already. I like it, regardless of why or whom, in general, except of course where it represents prior knowledge of dilution or bad news.
Contrasted with upgrade? Upgrades are good, there simply is no way around it. All one can say is, it may or may not lead to more buying. But certainly they do not lead to selling. A simple fact.
Bottom line here: medium to long term, this has big upside
We shall see! Lets see the action over the next days, and in particular after the options expire, next week could tell the story. Hold the core, do NOT get washed out. Trade? Your guess. I stand aside.
Well, if I am dumb, not sure what that makes you., as so far, FACT IS, stock is doing exactly what I said. The only question for short term folks right now, is does one of the vested sides, make a move before expiry. Not much chance of any news here, as they have just babbled at the conf. With no discerned impact. ANY look at trading indicates strong desire to hold stock at $5. Does that change after expiry, to play folks again? Stay tuned! But expect continued manipulations, IMO
The $5 manipulation continues. Stay tuned for action over next days as the Nov. 5 PUTS expire. Isn't this just soooo predictable. I did outline this scenario before the drop. This company and its entourage of game players and manipulations is hilarios.IMO
I never use margin. That sounds more like your style. Did you set up a trust fund for me. If so thanks. My core is just a sitting there, just like the one I had in Geron. Have a great weekend, I will for sure.
What a strange coincidence, closes at $5, no manipulation here, no never. And all those $5 Puts, oh my, sigh, yes folks, its all just coincidence! Usual roadmap on this sort of play. It bottoms a few days before expiry, sometimes a week in front, like today, or are the buyers ready to push this down? So stay tuned for next weeks action! But remember, it is just a random walk, all from legit buyers and sellers. I mean the Wall Street crew, they do not manipulate or play these games, taking many of you retail buyers and sellers to the cleaners. No never, they would not do such things!. Maybe you might want to ask the SEC! These guys are soooo predictable. roflmao
When you say I missed another trade, I still think many do not get my discipline yet. I "miss" trades every minute, every day endlessly. I am only interested in the trades I MAKE. And unlike many, I plan ahead, decide among a group of stocks what trades I will make or not. Here I have explained multiple times, I ONLY will trade this within my decided upon ranges. I have done it many times. If I never do it again, so what. The thing here is, folks are all over the place on their emotional roller coaster ride. For me, it is very simple at this point: no trades if not cheap by MY standards, hold core for outcome on trials. Right now, I am busy looking at some other situations which I think fit my criteria for trades. Here, it hovers around the game playing $5 mark, as I said I thought very possible. Hey, I hope it breaks out and goes to $100 from here. It will make me happy, and not bothered at all that I missed the trade. That is the difference I think between myself and many here.
All is the same other than open interest has increased. Its ying and yang till next Friday. Typical for this type of situation. Will they close it at $5 range? Will the dark forces press it down? Will the pumpers and bashers continue their B+S? Stay tuned, the usual suspects are alive and online, ready with their todate innacurate price forecasts going back years it appears. Truth is, range and cycle bound, with little change from pattern. That is the fact ANY view of the 5 year chart makes OBVIOUS.
Just to be absolutely clear on my take.
1. I have said: I am long a core position. Will not sell it regardless of price gyrations. Expect $12 or more at some point in 2014. My position has a very low ACB, because I traded in and out of this stock numerous times, making good returns and building up a core position.
2. For the last while, on the short term trading account, I have been out, having sold my shares at over $5, and acquiring them under $4.60
3. I have said: I will not trade again unless it enters the same trading range again. IE Buy under $4.60
4. I have suggested folks look at options positions, in particular the NOV 5 PUT open interest. It indicated along with other trends here, a downward pressure moving toward close out date.IMO And so far that is exactly what has been occurring.
5.I have suggested folks take a careful look at both the 1 and 5 year charts. All one need do is click on the chart in the upper right corner and then pick the time frame. The one year has been showing an incredibly perfect head and shoulders pattern. While the 5 year clearly demonstrates the range and cyclical nature of this stock. Draw your own conclusions, mine simply are: its a negative chart, the pattern holds and combined I think it quite possible this stock bottoms over next few days and presents a buying opportunity.
Can I be more clear than this???
Well genius, you stick to your theories, and I will stick to mine. Of course the difference is you rant about theory and never actually say what the outcome is, whereas I state clearly what I think, what it means both long term and short term. Currently, it is not a matter of what you think about me personally, as I have mentioned previously, it is just a matter of the facts. Currently, my advice holds firm, has been spot on. Does that mean I am always right? Of course not. What you should be doing, instead of talking about who did this or that, in your opinion, is to state clearly what it means, if you are so convinced of your knowledge, because to date, you are wrong about outcome. So tell us, right now, what is your prediction and advice on this stock and its movement and in what time frames. If you notice, I have done that. EOS
When you hold 6,695 Nov. 5 PUT OPTION contracts on EXEL = $6695 dollars UP for every penny down move now. Whether you are a hedgie, or just have a wedgie, that means someone would like to see this down in the short term. IMO And that is exactly what has been going on. Usually this means a bottom forms over the next few days, before expiry. Lets see who has this right. No mumbo jumbo blah blah blah. Where is the buy point IF you like this stock and its potential, short term, for a trade. Lets hear some specific calls. I said before, it would trend down to under $5 and my trade point on this IF at all: UNDER $4.60. Close now, you have to admit. Pick your buy in. Do they try and keep it over $4.60 as many are waiting?? Maybe, maybe not. Papa always said: keep em guessing folks!
Until substantial news, range bound and heavily manipulated. Anyone who does not carefully view 1 and 5 year charts, is missing the obvious. Head and shoulders on 1 year very clearly defined and 5 year defines repetitive range. Want to get fooled by hyper posts, both from pumpers and bashers, then ignore the obvious. Want to make money here?? Play the manipulated cycle. Buy under $4.60 and sell above $5. Not the reverseEOS
Notice that head and shoulders pattern on your right? Now I am not big on TA, but this is a classic pattern, and it does not get much clearer or defined than what we have here now, and should be noted, in my opinion.
Secondly: the absolutely absurd rationalizations regarding the current price is nothing short of hilarious. If you actually look at a 5 YEAR chart, what is VERY CLEAR, is the cyclical nature of this stock. And further, what should be noted is the repeated return to the low range after various spikes. Is it any different this time. If you are honest, no, and therefore, one might well expect it to revisit the lower range, as I have repeatedly warned about here.
Now, of course, whenever this is brought up, we get the usual suspects, in their various disguises saying that folks are bashing, or do not understand this or that, and they know better. But if you are thinking, and just take the few seconds to actually look at the charts, the fact is, the pattern is so repetitive here, as to be predictive until it either seriously breaks out for a sustained period or breaks down. One might expect this only from real substantive good or bad news, or perhaps a particularly bad dilutive placement at a substantial discount. In any case, from my vantage point, taking into consideration, the chart, history, time of year, options expiration with a VERY large position in the November $5 PUTS, held by someone, or various parties, I would not be betting long here for the short term, but would hold my core positions. Have I said this before?? More importantly, if you are objective, and get beyond whether you like my style or other non relevant issues, you might just want to sit back and consider this.
Still waiting for your "better understand" to kick in. So far stock is being pushed down, with small recovery at day end to keep it nearer to $5 mark, IMO. My take stands: soft, down or at best range bound around $5 till at least option expiry for Nov.. And the open interest now folks on the November 5 PUTS is 6695 contracts. I do not call this a small bet, whether hedged, naked, or some other strategy. Play it as you like: I will not touch a trade here till it gets down to my range, which is being edged toward more and more. But long term core: nothing has changed, from my point of view. I hold. But I did trade and ended up with a core costing next to nothing over time. That was my objective and always is with biotech issues, I like. Why? High risk of failure means that like no other sector it is important to protect your money from violent drops. The huge gaps up are great, but as often big drops.
You and others blither on and appear to get this wrong often. My trades to date 100% winners. Was it only a short time ago that I heard this would never get back down under $5??? Of course it did. Did I not say it would get to $5 range quickly, because of the very positions you now act as though you know will do this or that. Only problem of course is that IT ALREADY HAS DONE what I said it would. I know, you forgot to mention that. LOL Do you mention I sold my last trade at over $5.10 and said it clearly after advising to buy under $4.50? The point is this: my advice to date has been absolutely on target. It does not matter what you and others say, it is simply the fact. When the stock blips up, all kinds of excitement and speculation, then comes the calls of certainty, that this or that is taking place, but in reality nothing more than guesses. So for example, when it just spiked up for a short time and got near to $6 range, it was going higher according to the usual suspects. I said, hold on, I will NOT trade this at this higher range, but will hold my core position. I was a fool, it was never going back to anywhere near my target range. Fact is, those who listened to the B+S over last days and bought at the higher range, are losers currently. My comments, are clear. No mumbo jumbo nonsense. Do as you like folks. If you like nonsense, then follow the losers here, they are to date almost a guaranteed loss on any short term action. EOS
Seems I understand things well enough to make money, while folks like you lose it. Option strategies diverse and plentiful. One piece of puzzle here. Meanwhile stock doing exactly as predicted. You "understand" and lose . I make money. Ok by me.LOL