Yesterday, I posted how high the short interest is in this stock, and how it has a potential to short squeeze. Now there is new positive coverage for INSY. RBC capital initiated coverage today as outperform with a price target of $51. Very good news.
Sentiment: Strong Buy
The entire market direction has a pull on the share price of individual stocks. Most of the market is tanking today, but we are staying steady. If the market had stayed even today, we would most likely be flying higher.
From Nasdaq's site:
Settlement date: 9/15/2014, Short interest: 6,648,775 , Days to cover: 14.479481
Yahoo lists the float as 10.2 million shares.
If that is accurate, that means that %65 of the float is short!!!
This should cause a massive short squeeze if additional buying pressure is added.
Sentiment: Strong Buy
Chance of buyout is low. Zacks predicts earnings of .26 but insy has been consistently beating zacks estimates and i think it will beat this estimate as well.
Honestly? ...some shorts covering for profit with a follow-up of RSI going higher and some heavy buying on volume.
That should do it.
I've used a clone program to Herbalife and lost over 26 pounds. The business process is a bit shady, but people can suceed if they work hard and network. I personally don't sell it because I know I do not have the time or network to make it worth it to me. People have to be responsible for their own actions.
So Friday, "someone" bought 40k of the Jan15 40 puts for 4.35
And then Monday, price just happened to tumble for a made up reason below 40 before rebounding. You can't make this stuff up.
I also wanted to mention that they've been on target lately. I also bought ARTX at 3.60 from falcon's recommendation and sold at 4.20 . That alone was worth the yearly subscription. Very nice on their part.
Relax rkoenn. A stock can never sustain how it opened today. It ended up, which is positive. I will take a long, slow climb over a jump and crash any day.
It's listed as an LTD, but TD Amer says that it is a "PL" at the end when I looked to buy.
It is taxed as a partnership with a K-1 requirement? I hate the K-1s, so I'm trying to avoid if possible. Thanks.