Now seeing some scary put volume. 2000 sept 17 puts just trades with most being done at 1.8, above the 1.75 ask.
Put/Call is over 4. Not good
Etrade is a retail bucketshop. Much of their info is not current or correct. I see plenty of activity on Edgar that is not on etrade. So, just know your source.
It seems that Ma has done the impossible; he has given the worst Q presentation of all time. And for those of us who have listened to every one the company has done, that is saying much.
I don't know how the largest shareholder (Srybnik) can put up with this performance. I have to believe that Ma is on a very short leash. It was embarrassing to listen to.
Its pathetic to think that company was short on being profitable by only 170k. Ma's yearly salary could easily and justifiably be cut by that much. He would still make a decent wage. The insanity of the company and the people who run it, and the largest shareholder who enables it all to happen is exasperating.
So, we all wait and wait.
We got cash and easy profitability directly ahead, even with our dysfunctional leadership. And potential for something more?
That's nonsense. You can go to the Edgar Company Filings page and see no form 4's filed by any insider for sales.
The only activity from insiders for the last year or more has been the money they have lent to RGRX to keep it as a going concern until they got this recent finance deal. They want as much stock as they can get. And the few shareholders who know the story here should have been buying on this pullback instead of crying the blues about conspiracies and such.
Company could get news from multiple fronts any day that could easily double stock.
A short seller of the large tick or a long closing out? Who cares? The point is someone initiated a trade in size ABOVE the offer. What are you nuts/ you think that's a dump?
Supply was taken out by a motivated buyer...............................a simple positive.
Nice positive trade there for longs here. Someone bought 1000 sept 5 calls at .85 and sold same amount of the sept 71/2 call for .25.
60 cent debit looking to make max of about 2 dollars a 1000 times.
Hey smalls, another Q is upon us. No expectations here. Ma's statement in the last doc predicted profitability this year. Now, you cant just say that in a legal doc without having some internal forward guidance estimates. How much GE equipment will need to be delivered? Hows the SG&A look for the year? EECP and BIOX sales? Is some kind of accretive acquisition assumed? I have no illusion that this management team will share any of this with shareholders. But. his statement is a legally binding one IMHO, and shareholders should not give Ma a pass if time passes and we see he has lied to us.
VASO should really find a way to become a private company, because they view shareholder as annoyances and hold us all in contempt.
No one expects a Jack Welch to be running a BB like this. But Ma elevates all expectations when he collects his outrageous payment package. And at the very least, what shareholders demand for that sum of OUR money is that he not lie to us; ie we will be profitable this year.
Bring it on MA
Worthless drug that taxpayers will end up paying for. All these people have to do to get rid of this human foie gras is GO ON A DIET.
Maybe they buy company. CELG hasn't made a purchase in a while. It would be chump change for them.
Of course, you are not short and of course you "sold on high". These boards are too funny.
Did you listen to CC? If you did you heard a CEO explain how trial endpoints and participants were meticulously pick by what they learned in the 001 trial. And how patients have a 95% retention rate; unheard of for an "experimental" drug.
No outcome is certain, but management has done everything possible to stack the deck in investors favor. That is what investors taking the 40 mill recent finance believe and that is what GSK believes. But, we should listen to you and your opinion. Do you have any facts?
You are a clueless short. Earnings meaningless. They raised another 40 million in the Q from deep pocketed bio investors. You think they cared about the recent Q?
This is all about 012 study results about to be released. And big money betting positive.
The trade today was a multiple seller of the aug 5 calls, against buying the sept 5 call. This was done all day at a cost of 50 cents. This calendar spread speaks well to release of positive data after aug expiration.
Strange, but someone in the options market feels the same way. A week ago someone payed over 3 for about 800 of the aug 40 calls. And yesterday, a trade near the offer went at 1.6 for 500. I thought maybe a closing sale but oi went up to 1300 from that 800; someone adding.
GS is one of the biggest option players and happens to like stock. But, its got a long way to go to make those in the money after this opening.........................