What in the chart makes you think that? I see it holding that line and hitting a new intra day high before 1:00, but I have no axe to grind, I do not care what it does today, or this week, I care about the next 5 years.
Oh, I see nothing in the chart to make me think that, just the action.
Up forty nine cents on a converted currency basis, looking good, let's close up .49 here, ok, Billy Ray.
CL, no way you can know if he made or lost on his play. Here is how it played out. He gave his speech at the Robinhood conference Nov 21, 2013. Prior to the conference UMM, 1 month, for no REASON at all OPK ran from 8-12.95 in 3!!!!!!! weeks. THINK he let several funds know his topic??? Think it was a concerted effort to RUN opk way up on NO news, establish a large short, then ht it hard at ROBINHOOD??? Guess not because I DOUBT there was a conspiracy. So they ran it up, did Robinhood, but the stock DID NOT DROP. IN fact it started to tick back up into the elevens again, and again on NO NEWS. OK GROUP, we will release a seeking alpo article on or about such and such a date, so load em up.
BY now retail shorts WERE DESTROYED and LONGS were wondering what the HECK is going on, why a 4 dollar move on no news. Then it all made sense. IT was NOT a HEDGE fund shell game, no way, that would MEAN collusion, and we ALL know that never happens. Not so sure we did not just experience that same situation again, both times 2013 and 2015 short interest crashed to a yearly low, retail got crushed again, then a peek, and a run down. Then as now, easy to short, NEAR IMPOSSIBLE to cover. Historically, every 3m covered spiked this stock 1 dollar, might take 4-5 million cover this time, but few have covered yet. WE will see.
Just my take. DID he lose his shirt? YES, but think he got help to find it, without help, ouch. He shorted TESLA at WHAT? 90?
Sad is, I did the research, then as an after thought went to Uncles, sure enough, he had the same info there that I found. Just as I could not accept the FOOL article on face value, I would be equally guilty of not doing DD if I accepted a REBUTTAL from Uncle's without doing my own search.
Thing is, as good as Uncle is, I might not have bothered for a day or two if I had looked at the OPKO research site first. Uncle's IS the best research source for opk, but only one research source.
I DO really find it mind boggling how so many reasonable people can read aFOOL article, or any article of that type, and go WOW, I did NOT know those " FACTS"???
That particular article was opinion, then opinion, then POORLY researched INFO, opinion, and a non COMMITTAL conclusion, umm, based on opinion.
TO recap the article:
AUTHOR does not know how well Rayladee will do, umm, no one does, NOT approved YET.
AUTHOR does not know how well OPK and BRLI will do as a combined CO., umm., no one does, the INK is barely dry.
The GOOD news is, IF THEY DO DO WELL investors will be rewarded, umm, that was his conclusion, not mine.
GEE GOLLY, OH and the AMGEN drug umm., boy did he miss the target, boat, and the whole ball of gum on that one. Showed a complete lack of research.
So longs, the article is a non starter, Shorts, you can stop getting giddy.
Why Amgen's drug that is for STAGE 5 dialysis patients to treat ckd patients, it is a Calcimimetic. The GREAT NEW FOR Opko and for Amgen is that this drug might go hand in hand with Rayaldee if Rayaldee ever ENTERS the dialysis ckd population. Fact is in stage 3-4 if Rayaldee takes hold, a calcimietic such as Amgen's would likely not be needed.
Why is that? Rayaldee has been shown to not raise calcium levels, so why would a Dr. prescribe a drug to slow the production of calcium. In this regard, Rayaldee does the job of two drugs, Raises D, slows Calcium production. HMM., can we charge twice if the one drug accomplishes two goals.
So those here who READ the MFool article and did not treat it as a starting point for DD, to do your own research, umm, buy a mutual fund. Those HAPPY shorts claiming a better drug is coming, DITTO.
It was on the internet, it must be true....., or better yet, written by a stock advisory letter with no AGENDA, who can't get BASIC info correct. Intervenious, at time of dialysis, in stage 5, correcting calcium issue, lowers shpt. Ray stage 3-4, PILL form, corrects D, SHPT, calcium levels stop rising... Different patient population, different indications.
Three shots at guessing the close, got close on one of the three, off by .01. Still think Mon.or Tues. we get above today's high, 11.47. Need get over that area for this RUN to REALLY get legs. This area RIGHT here has proven a comfort zone where 14m shorts added to positions or opened new ones. Get above this zone and we have a back log of buyers with few shares for sale. Could run fast from 11.50, close gap at 12, shoot to 13-13,25 congestion area.
CL, no one can know at 3:00 exactly where opk will close, but I see 3 spots all equally likely, 11.03, 11.10, and 11.30, right at or above your 11.29. Been running last hour so could head up to that line, options might push it back, so the game is afoot, lol. Next stop should push us through 11.49 by wed, my guess/hope.
The Nov-Dec run was initiated post earnings, this run has been slower and steadier but was initiated post earnings. When picking out a start up, the ideal time to get on board is when the earnings turns positive, Opk has now had 2 back to back positive quarters. Should continue to improve and improve dramatically by q4,
Notice that it hit a high of 11.49, which is where I thought it " MIGHT " get to at some point this week, just missed it today, sort of surprising. Also think of the other side of this trade, the short side, they see this too. Point being this dropped from 19, to 8, recovered to 11.49, stalled, and ran down to 7's. So from the short perspective, this area worked well last time.
There is a gap that needs close at 12, need get through this second congestion area, and take out the Dec high ( 11.49 ). From there it is free to run to 12. then light resistance until about 13.25.
My take of the chart is that the ODDS are opk can scratch and crawl to 16 if it can get above 13.25 then 13.75, another resistance area. So first things first, need take out todays high 11.47, and get above 11.49. Might take a while, put some popcorn on the stove. Opko is a young Co. it will not grow old in this range, it will get back to teens sooner than later.
Buy between 11-12, sell in mid/late 2018, in a year that .25 difference won't matter. Do not wait for 12, that might initiate an actual violent rise, this one has been slow and steady. RUN Started early Feb, everyone could have found a good entry point in the 7-8 range, it picked up steam after positive earnings call. Anyone could have found a good entry at 8-9 that day. Tomorrow is the day, if you all waited from 7-11 might as well get in now, in the 11-12 range. You did not miss too much of the run, just the beginning. Keep in mind, when it hits 12, could hit 13-15, so this 11-12 range might be it for sub teens for a while, maybe forever.
Hope this helps Rosh.
PS. options tomorrow, max pain is now above 11, hurts both the 10&11 players.
Staring at that upside gap, like the last cherry on a branch just out of reach, I will get it, but might need build a little ladder, put my trampoline next to it to get me that spike into that gap. Fingers perched over that BUY BUY BUY button, first to cover wins, oh wait that was at 7+, almost 4 points ago, live and learn.
Staring at that 10.77, not sure it gets there today, but tap tap tapping on natures door. If it can pop through that a few will take a trip behind the nearest tree and start to self flagellate, Oh we just hit 10.78, get out the whips.
UMM, notice how short interest DROPPED 12m last year when Opk traded in the 15-19 range, that says it all, well, not all. Retail shorts GOT crushed, many TOOK the phone off the hook, the Margin calls were deafening. OH wait, they do not call any more do they, they just close the account.
Sad how yah deletes posts. Anywho, this is the same congestion area that Opk could not breach on 3/7, where it peaked out at 10.77. This is also an area where about 8m shorts piled on, umm, and all but the nimble are underwater. There is an upside gap to close at 11.99, umm 12, and an area that puts a second group of about 8m shorts thinking, do I cover, or double down, do I feel lucky? Historic chart patterns only impart some DNA, they are never clones, umm, last two times this scenario played out 2013, 2015, opk hit new highs, short interest hit yearly lows. The GAP closes sooner or later, from my altruistic stance sooner is better. We get into 11 area, 12 MIGHT come in " SHORT " order, umm, pun intended.
PS. Thanks I had no idea about the obnoxious shorts, have them all on ignore, lol, but yes, I get it.
Scene: Dinner table, Gramp early 60's wife, son 40's TWO grand sons. Younger GS about 10 asks Gramp, what's your 4kscore gramp? Old guy looks confused, his son said, YA DAD I got my 4kscore, a simple blood test for PC. It is predictive of future PC, so far it ALL looks great. DAD, you should get it too, grand son, YAH gramps, I need know that info too you know, Gramps laughs, you talking genetics? Kid grins with spaghetti hanging from mouth. Fade out, to GET your 4k now in BOLD print. Beat PC, a simple blood test away.