This guy could be buying any stock he wanted, but he evidently sees fantastic potential in OPK. Then, again, he knows he controls the fate of this company, and it is just a matter of time when he will make a decision or two that will propel it into double digits. IMHO.
Like reviewing strategic options, or collaborating with a big pharma, or even looking to go private or sell the company. The possibilities are endless, and they are all good for longs!
They buying goes on! A couple 100K a week will squeeze the float before we know it.
The man is intent on buying the whole company over the next couple of years.
All he has to do is say the word and this stock will hit double digits in the blink of an idea. Shorts are playing with fire with a stock that has at most of few pennies of downside from here.
Hey, dude, there are a limited number of shares outstanding. Frost already owns massive amounts. At the rate he is buying, he will own all the outstanding shares in a few years. If he buys hundreds of thousands of shares every week, don't you think that will provide a floor for this stock to frustrate shorts who must pay a fee for the shares they are shorting.
Only if he wants to see his investment double. Shorts are living on dangerous ground when OPK has such strong support in the low $8's and the good doctor has the ability to blow their doors off with just one strategic move. Man that would hurt so bad for shorts, but so good for longs.
The casino industry is facing challenges, but NJ is getting beaten up by NY and PA casinos. Christie has tried to introduce sports betting, but he fails to realize that the federal gov. does not allow sports betting in most states including NJ. Christie should have done the Republican thing and let the casinos go BK, and let private equity pick up the pieces. Instead, he threw in state support and those funds have been lost along with thousands of jobs. One casino is going to be turned into a satellite campus for a state university, and private equity has bought another for pennies on the dollar.. AC is crime ridden around the casino area, and many people avoid the area because of safety issues. If the state wanted to really help, they should have encouraged development that would have made AC a family vacation destination, but that would have involved thinking outside the box a little. Maybe Christie should have sent some of his state trooper body guards to AC to make it safer.
I believe they also got some serious competition today from Personal Genome Diagnostics which appears to have a state of the art test that would compete with RGDX. Sometimes stocks fall for a good reason like our old EPIX did. RGDX is falling hard, and I wouldn't jump in no matter how cheap it gets.
Christie invested state money in the casino industry by giving them state money tax incentives. He threw good money after bad. About half of the people in NJ say they want to leave the state because of high state taxes, crumbing infrastructure, and lack of good jobs. The states debt rating has been downgraded a record 8 times in Christie's six years of office, and his rating is no better than Obama's as far as his popularity. It is doubtful that he could actually win re-election if he could run again, and recent polls show him losing to Clinton by double digits if they were both to be nominated. The big guy talks like a winner, but his record if full of failures and exaggerations. His tough guy remarks don't even play well in Jersey anymore, and they will doom him nationally. Nobody likes a smart mouth guy who talks tough to vets, women, teachers, etc. when he is hiding behind state troopers when he insults them.
I believe the number was around 14k. Not bad when you consider that NJ's casino bankruptcies accounted for a big chunk of that. Another one of Christie's "achievements" that will haunt him in the Repub. primaries.
How bullish is that!
before the carnage!