it will be hard to find any stock going down today
There was a very interesting minimum "100" share transaction at 09:26AM right before market opened this morning. It took the price from $11.40 to $10.57.
I had a ton of shares so my reaction was "oh boy".
What the hell is going on with this stock and why 50% shares are short? Am i swimming against a big hedge fund??
It must be an institution adding shares. I am guessing positive Zerenex Phase 3 study leaked by the lab to a hedge fund.
Tomorrow we could see $2's
kzcat11: my friend, you either trying to pump the stock so you can sell or you are clueless. Check Keryx website investor relations. all SEC filings are listed there.
1) CFO didn't buy any shares. It was a "stock award" so he wont quit his part-time job at Keryx and move to his second job at KSW Mechanics Inc
2) According the Keryx balance sheet they have only $21 million cash left. Phase 3 study requires about $70 million cash. Deduct the amount and there is your dilution amount.
dude. take a chill pill. you are scaring potential buyers. your excessive pumping is as damaging as bashing the stock. go away pal