Just read a Seeking Alpha report detailing how Dr. Frost's strategy with Opk is the same as that which he employed with Ivx. The good doctor believes in his company and has bee steadily buying. At the rate he keeps buying, it may get tougher and tougher to short Opk.
Actually, I sold at a tidy profit, and I rebought near the lows. Feeling pretty good for the gift!
Shorts who took their positions after the drop are the ones who are in jeopardy now.
Plenty of cash, proven leadership, and reckless shorts have been known to explode to the upside. I expect to see this climb over $10 near term.
Just saw news release from less than an hour ago. I believe they raised it to overweight. look for $20 to be the new support. Check it out for yourself.
Wow, look at this puppy start to run into the close. Very heavy volume today, and FTNT appears to have solidified its support base heading into earnings. FTNT has so much going for it.
It was a nice, quick rebound. I missed the big dip or I would have loved to have added more. Oh, well, never thought I would get the chance to buy more in the mid $19's so soon either.
Even though the market is down, FTNT seems to he hanging tough. Wouldn't be surprised if buyers and shorts may buy and cover toward the close just in case a weekend deal gets announced. Resistance seems to be around the 19.75 mark, so we shall see. Good luck!
Markets Daily had a little piece on FTNT. Talked about how FTNT's installed base and valuation is appealing. Indicated that the area needs to consolidate which makes FTNT one of the companies that could be attractive. Makes sense to me. Read it for yourself.
Makes sense to me. With cutting edge cyber security, no debt, plenty of cash, and numerous awards, FTNT looks like a great stand alone company as well as an outstanding strategic acquisition by a larger tech co. looking to get into the sector or expand its current offerings. I sold my shares on the recent run-up, but I used today's drop to buy back in. Throw in FTNT's recently announced buyback plan, and an earnings surprise could certainly be in the offing. With little resistance up to $20, FTNT looks like a buy at this level. IMHO. Good luck!
Besides, no one wants to buy an inferior product just because it is cheap. Cyber security problems can be extremely costly. Just look at what happened to Target.
Little by little, FTNT seems to want to fight its way back up to the $20 level.
Pretty good sign considering some people may have taken profits from the recent run-up. All the buyers yesterday are probably look for a lot more than a quick trade and a few cents.
Hard to argue with the facts. We shall see. With every deal that gets announced, FTNT's price will only go higher. I haven't checked the short interest recently, but shorting FTNT down here could be an expensive proposition. IMHO.
FTNT has been winning all sorts of awards, and some impressive deals. That's why I believe that they are a very attractive acquisition. Throw in all their cash and lack of debt, and FTNT would be easily absorbed by any large tech company looking to expand into a growth market. The list of companies that might be interested is quite long. If FTNT has aggressively pursued their buyback plan, and I expect they would have at these fire sale levels, they should easily blow away their earnings projections. IMHO.
All the research I have seen indicates that the security sector is ripe for consolidation. FTNT's cutting edge products, strong balance sheet, lack of debt, and modest size, make it a perfect fit for any of the big tech companies looking to get into this sector or strengthen its position in it. At the least, I would expect a buyout offer would have to be in the high twenties to be seriously considered. $30 a share would probably seal a deal. IMHO.
Any good news or even rumor of a buyout should propell FTNT back into the $20's. I expect to see another pop at tomorrow's open. IMHO.