If that was the case, either BXLT or SHPG would have indicated that it was false or just another rumor. That didn't happen so the dropping is probably just folks not buying the article and bailing out.
It moved up but not with any fireworks or gusto. If an offer is just around the corner, the stock should have moved up a lot more than it did. Since BXLT has already passed up 45, it makes the response even more dumbfounding.
Last ER was 1.76 and upcoming ER projects 1.94 a share thus the P/E is VERY realistic and not overblown. Don't know why Yahoo shows 154.54 - it's no way near there.
I really have to wonder why Jack Ma would buy a company that's never made money. Is he much smarter than most or is this a major blunder?
He's just a pumper and harmless. I finally gave up on this one after watching it repeatedly fade daily after going up very nicely. Took my profits and went on to something else. Great company but the stock just has too much resistance.
be trashed at any given moment. Some big players no doubt are the guilty ones.
Anybody out there explain why the big plunge following the early upsurge? The company just explained that they are very different from Valeant plus a new drug has been FDA approved. Am I missing something?
Bernie is an old delusional hippie socialist and you should learn how to spell - it's "right" not "write".
You mean "if" he's elected Prez and "if" he sticks to his promise which is very unlikely. History shows that tariffs don't work and are counterproductive. President Hoover tried it back in the Twenties and it helped the Great Depression along. The ones he appoints will quickly advise him to abandon such thoughts if true free trade and capitalism is to prevail.
5.7 billion outstanding shares @ 0.10 cents = 570 million bucks - not exactly chump change but I guess when you're sitting on well over 200 billion bucks, it may be.
know the figures?
longs out there. Too may distractions holding this one back - the Fed, biopharm sector under pressure, some analysts predicting a recession around the corner, etc. Yellen's gang will surely give us yet another stall in rate hikes with no particular plan of action and that will probably not sit well with Mr. Market. No wonder so many folks have gone to the sidelines.
If you take their latest earnings per share, that would give them a PE of 2 or less and that's not even taking into consideration the divi paid qtrly. Suggesting that it's real value is only 5 bucks shows your ignorance. Better stick to video games or reality TV - you're doomed to fail.
I watched yesterday's AH action and it was incredible. Dropped as low as 95 and then miraculously rose back up to 110+ only to fall back down a few bucks. Not everybody went sour after the ER and your prediction isn't that far fetched. Most of the sellers have already acted and there is a very real possibility for the stock to go back up - how far is anybody's guess. I got in at 100.12 because it looked like that was about the bottom for Thursday's action.
I've been trading for 40 years and have seen the good, bad and ugly like people who presume that someone is a newbie. Don't need your snide criticism. This company is solid but is currently being treated unwisely which will pass eventually. This short term volatility is what bothers me. And BTW, we're in a an extended bull market, not a bear market although it may seem like that to you.
Is the fear factor THAT great? They ought to have a 6 pack of their favorite beverage and mellow out. Causing a lot of normal people to freak out and join the heard towards the exits.