Not CNBC but Jon Najaran and CLSN did not even make a presentation at ASCO. He made this call on Thur night and after a early morning pop CLSN announced an offering. My question to JN would be if he knew about the offering? Something smells rotten from that call.
Correction: preliminary additions to some Russell Indexes get announced today. It gets updated on the 21st and Reconstitution is after the close on the 28th of June...
gptour I hear nothing but I suspect we all will hear a lot more the first part of July about the fund managers whom own a little stock named HTCH which is up 200% since the first of the year. Good to see a lot of familiar names on this board making money: gptour, motorman, fabulous poodle, smaycs and LTF.
Inclusion to the Russell would than be the 30th. Another catalyst will be EOQ/semi annual window dressing. Fund managers will be bidding HTCH up to include in their portfolio to show investors.
wwrp I still own a ton of biotech though I did sell the last of my THLD and now that ASCO is over I plan on selling a lot more of my biotech positions.
Preliminary reconstitution is the 15th. I agree that the bump up may be anticipation to being added to the Russell. That is one reason why I've been holding my winners and dumping my losers.