HITS another all time high, and fades late, goes negative. SO obviously day traders were going to jump in fast to lock in profits. It hits 17.20 where a huge buyer was sitting and bounces up .15. This close was even better than yesterdays when opk did not hit the new high until the last hour. HANG BRUTALLY tough, did not roll over, instead, puts every short before today under again.
Forever is too long for a new closing high. Great run. Congrats, but it means little to longs. Love to see it close up even a penny, though.
Wow a candle. At the end of 7 white soldiers, and we get a stall. Go to doji. Do not pass go.
It is the teenage mentality. The high schooler walks in the room, HE/SHE knows every one is checking them out. They know when they crack a joke, they are all it. They know mirrors were invented because they were born. Some never grow up, they truly believe the noise they made in high school still resonates in those halls.
These same kids thought they knew more than mom and dad, and though their grades did not reflect it, they were the smartest kid around.
So obviously when they say sell. they think they know everything, and they know every one is out to pick up a short sighted, I mean short term gain. People will listen to them because they know all. The only fact they ever did not quite grasp is that they REALLY know nothing. ZILCH, NADA. Quietly with no fan fare the mirror wept, the halls got quiet, and the most important person in the world screams short, sell now.
I make up my own mind, make my own mistakes, make my own victories. Clowns espousing opko about to do a secondary, umm, priceless. Go to the office, in school suspension.
Good move by a smart LONG.
You do know that the majority on this board have followed Dr. Frost for years, are VERY LONG opko and most of Frosts other investments. Your rants are falling on deaf ears. Bet the average holding time on this board is near 3 years, through ups and downs. A half dozen have been here since under a dollar or whatever the all time low is. I have been here over 4 years and many who post here greeted me when I took my first position. Ice and Drangles might be here from the initial DAY it traded. No one here is selling.
Agree with sgard. You shorted a chart, you know nothing. Opko almost 400 million in CASH, plus stock in about a dozen companies they own, that they could sell if they needed cash. KNOW NADA should be your new improved accurate screen name. Opko on pace 40 y/y revenue growth, but will likely be closer to 70%. YOU R not getting the big pull back, but might be down another buck or two when the NDA filing happens.
Thanks Miami. He is expecting this big pull back, and after this type run, I get it. However, people took note of opk's entrance into the generic market, based on Frost's skill, new investors are voting, YES by buying at higher highs.
Granted only 1m plus, but likely his first buy.
CL, not sure but I think many here missed that Eirgen is a generic co. All their NDA apps, the cancer drugs etc., are ALL generic. THE nice thing is they are in 20 countries selling generics, with more nda's pending, but not for a real new drug, but as I said their generic version. If there is one area of medicine where Frost knows more than any other ceo. it is this niche.
Though shorts obviously are impacting the move think about that for a second. When did the move start, and why did it start? If you figure that out you will know why opk has legs.
I will help. First this move started May 6, Opk has only had one down day since May 6th, and that day it dropped .01.
WHY, WHY? WHY the 6th. IVAX. YES IVAX. That might seem a strange disjointed answer. What was IVAX? A generic player Frost developed and sold, correct.
EIRGEN, is a generic company founded by former IVAX employees. FROST is reentering generics. Since this news was announced on the 5th, Opko has been up 9 of 10 days, one down day a penny.
Then add to that new opk angle, the revenue beat, which trumped the eps. miss, and the firmed up time lines, the possibility that Eirgen's Saudi partner has upped their opk stake, shorts and fund buying, and here we are.
Up 9 of 10 days, biggest pull back since we bought a generic company, .01.
So when the run stops, we base, then run on NDA. Mark this.
You got to love that volume picked back up, and hitting that 5th new high. Last Friday we closed at 16.92 with every short underwater. Last week shorts took an 18% hit, too much for many to handle. As on right now, in two days this week they are down another 4.25%. 7 days, out 22.25%, so painful.
Tying 5 new highs nice fear, every short underwater, priceless.
I agree with both comments. I certainly have no clue how opk or any stock I own will perform tomorrow or next week. Glad it had a nice run, and think the market decided it was under priced after the PFE deal. The earnings report validated that sentiment to the market.
feeling giddy. Stock splits, heading to 20-22 by Friday, up after hours, rsi no problems, Frost not buying in three days, must be buy out, etc, etc.etc. Get a grip, every % move is only a point on the number line. Goes down three days world is not going to end either. If perchance opk hits another new high tomorrow, 5 in a row, that ties the old record of 5 in a row. 4 to this point ain't shabby either. Note, today the volume did decline even though we did hit a new high. NEED the volume to head back up or we start basing here. That 5th high in a row, umm, the tough one. Odds are we get a small pull back, but I want to see that 5th high,
The good news is maybe some of the fantasy about buy outs and stock splits might subside. Hint, that is not going to happen, lol.
You have been here long enough to know he has taken a month or so off from buying. He will be buying even at thirty, so it is not price, OR PENDING news.
I repeat above plus now 6 up days, 4 new highs in a row, all shorts in red, NEED more volume, way more volume.
If they can tap it down another couple percent they will buy more. They were one of the top holders until this quarter, in time they will be again if they can manipulate things properly.
I was not so much thinking about a squeeze than that the Astra news if positive would attract more buyers, funds, etc., trying to buy shares with little/no float. If not enough shares but extra buyers no squeeze is needed. With over 100% ownership arry is in that situation. The average pt is 10, but the two higher targets are 13 and 15. Enough buyers on Astra news could push this above consensus to the two higher targets. Shorts need not cover one share.