to not price it this morning was more BS after the cantor upgrade. i can't wait to see the SEC form 4's to see if insiders dumped into the buying on tue.
i was long yesterday. sold everything this morning pre market between 6.43- 6.50. buffet was once asked how he decided to invest in a company. he said its all about the MGMT. he was asked how do you know MGMT was good. He said, I look at the CEO as if he was a publicly traded stock then ask myself would I buy that stock...I'm a nothing , Know one trader, but, i do like and agree with Buffets filter enought to walk away from SGYP. i just don't trust cerrone. i might walk away from a homerun but my gut is telling me this guy operates with a differenent code of conduct that makes me confortable.
look for a class action.. i might get long again at 5.25.
nothing this company does seems transparent... i've been trading for a long time and this is BS.. normal protocol is to annouce price per share / offering morning of. The reason this company could not find a buyer is IRWD sales are 19mm year to date...
i agree smells terrible
this was orcheastrated between investment houses. scam .. plain and simple.
my guess 6.. i can't see how they could price it higher... this sucks... no deal, no partner. this iS BS
you can call it what you want. But after a nice pop today this is about the worst news we could get. we got hosed... I'm bummed out.
check summary news
the tape and tea leaves make me conclude we have some support north of 6. yet, if we see the VIX shoot up on news event , SGYP dips will be met with buyers. volitility will be our friend here or at least mine as i want to add sub 6....
budget battles take center state on Wen as well Rumors of N. Korea firing a missle on Wed. In addition to AA and other reporting early this week. Its hard for longs to commit new money here. We need froth to come off market, expecting a shallow sell off ( 3-5 % ) meanwhile , SGYP will drift wth market till we get some news. I believe the company is in talks NOW and has entered a quiet period. The drug works and it works well. !!! not a bad place to hide out as the macro forces play out in the broader market. Good luck everyone
Martin. FYI bitz is looking for someone to build his confidence in going long. i would put him on ignore. truly the best thing for bitz's of the world is to learn how do thier own due dilignce. as jesus said.. do you give him a fish or teach him to fish.