I am in C and Bac, and haven been waiting on this, and the ccar news next Wed.
Frost BUYS because he is confident in himself, and his ability to grow a company over time. OVER TIME. He has no intention of selling anytime soon, he is still building the co, as he builds, over time it will have more value making his current buys appear brilliant.
No because there is a valid reason why it makes no sense. Frost is not allowed to lend his shares out to be shorted, and he is not allowed to short any stock where he is an insider. This is the same for all insiders, not just Frost. Frost BUYS because he is confident in himself, and his ability to grow a company over time. Contrary to opinion he is not buying because he sees the current price undervalued or overvalued. Doubt he cares about the exact share price at any point in time. He knows he will keep investing in Phil Frost regardless of the noise. HOLDERS here follow the tick tick up and down move far more closely than he does. Basically he buys regardless of these gyrations but does buy more if it dips likely with GTC orders he sets up.
I trade bac, c, f, t, vz. all large cap stocks most with dividends. Trading in and out is not easy to time, and even those stocks I do trade, I usually get a pull back, hold through 1 dividend, and move on. I usually hold about 8 weeks. Fingers crossed on C right now that they pass ccar after failing twice. Guessing a close is 90% luck, but I do try to figure out where to guess, lol.
Keep in mind the shorts have gone no where, they were hitting it today if you look at the down ticks, and size of those trades. Since Opk closed over 15 they have been tapping it to close lower to create the appearance of a down trend. They could not let opk close up even .01, they did this game in Nov 2013 also. This time HOLDERS have stronger hands.
Not a chartist but can read a chart. My logic was they were going to push it back down to about even, so I figured it would close close to flat or down a couple cents. So my guess was a close down .02. Funny this is back to back wins still trying to figure out where to spend all this prize money.
With the LATE stage pipeline here, and completion of the nvs deal no reason this should not be trading in the 10-12 range. Sort of surprised it did not pop on the nvs closing. Last two upgrades were 13, 15, average pt according to yahoo is 10.14. Guess we need to wait on astra phase 3 data for this to get the love it deserves.
So hopefully they put the atm to bed.
Haha, spell check, lethal, I really wish they had an edt, edit nutton, or is that button.
Opk's revenue was up nicely, cash burn slowed even though we had more phase 2-3 projects. Add in the PFE cash which TECHNICALLY is Q 1, and opk is doing fine for a start up. Dr. Frost can be LETAL with near 400m in the bank, stay thirsty my friend.
Long, Miami fan.
PS. am not going to go figure it out, a more diligent soul can, but my guess is if you eliminate our losses from owning these start ups, and the losses from stock appreciation which creates the note loss, betting opk lost no more than, drum roll, than .055, which would be a beat. WHY .055, I cheated, I did a quick math look but not a thorough one. That is for the DD group, the investor, not the DAY trader who loves short term gains.
LONG, a Miami fan
Factoid, his price target was 12, before the downgrade, and he did not move his target. Fact is he missed by a mile on eps. target, too high, and the pt., too low. These guys kept expanding opk's margin for what I have no clue? Opk beat revenue numbers, but per usual had derivative losses from the NOTES which sapped eps., that and opk owns several start ups. YES, on PAPER, they get a loss if those start ups lose money, cocp not making money any time soon.