I wondered about the high number of spam posts on this board, too. I sure don't read them. While there are spam posts on other message boards (of stocks I hold), they are rare. Are such spammers looking at stock volatility perhaps? Recent drops and/or rises in price? Regardless, I can't think of anyone on any message board that I post on who would have the least bit of interest in these touts. Seems like they are wasting their time and effort. With all the legitimate services available, many provided by reputable institutions, who would turn to an unknown, unproven, internet source?
I agree with every point here, but there are times when a company has "turned the corner" and will begin to see accelerated growth. Is looking at past performance here a guarantee that the company will let us shareholders down one more time? Or is it "looking in the rear view mirror" and failing to see the road ahead?
You, quite rationally, are choosing the first alternative. I am choosing the second, based on the recent positive news out of the company. Could I be setting myself up for an even bigger loss than the one I have so far? Absolutely. Would I recommend that anyone else buy this stock other than as a purely speculative play? Absolutely not.
Good detective work. Yes, if the SEC could confirm that charge, we certainly have a strong case.
mrbub, I disagree with your comment on several levels. First, you are offering opinions, which is fine, but they are not "facts". Claiming they are facts is specious. Provide evidence for your claims, and then they will qualify as facts. For example, you state that these salaries are out of line with other exec salaries in the biotech industry, but where is the evidence? I'd have to see the salaries of several other company executives along side Berlin's salary to make an honest evaluation. You offer no such comparative evidence.
Next, your opinion that financials are the catalyst for today's sell-off is also unsubstantiated. Who says they are? I haven't seen any analyst's comments to that effect. And if the financials you elucidate are the problem, the problem existed long before today, it's nothing new, so it cannot explain today's sell-off.
No, I've seen exactly this knee-jerk action in a stock price after an earnings release and cc too many times before, in all kinds of industries not just biotech. Sometimes it was a financial problem, such as an earnings miss, sometimes it was clearly something else. .
I maintain that the sell-off today was that "something else," and merely caused by short-term traders who jumped in over the past week, gambling that an earnings upside surprise would be a tradable event. When the company merely "met expectations," and didn't exceed them, the traders bailed. They knew the news was not interesting enough to bring in new traders, or investors for that matter.. Show's over, no sense hanging around any longer. Or better yet, time to short the stock for a while, there are bound to be a few weak hands running for the exits.
We will see in the next two weeks who is right. If the stock price does not regain its upward bias by the end of the month, I'll concede that your opinions (not your facts) were more correct than my opinions..
You are half right. I did not mean skewered exactly, but was creating a portmanteau word combining skewered and word that probably would have kept the post from being listed. And as to the lawyers, well, don't even go there.
Have you ever been involved in a class action law suit for recovery of funds lost when an investment went bad? I have, and after hours of paper work, I received less than a penny on the dollar lost. Just another way the small investor gets "skewed" by Wall Street.
Yes, but he should have made it stole_some_shears (Ha!)
Anyway, we had a good end of day recovery, which is a good sign ("The smart money buys in the last half hour.")
I doubt political considerations really enter into the traders' thoughts about CGEN, at least not unless the threat of war is imminent, which is not the case, fortunately. Besides, half the WS traders who might bother to buy or sell here could not tell you who Netanyahu is if their lives depended on it.
The factors influencing recent stock price weakness are the usual ones regarding time and news. Long-term investors do not make up the daily ups and downs of stock price here, and traders who want immediate results will bail out to shift their dollars where a quick trade can be made. No news worth speaking about generally means sellers will outnumber buyers.
I own XOMA, which I am not endorsing here, but today it is strong on an analyst upgrade. That's the case with most biotech companies. The latest news generates the daily buys and sells, the long-term potential of the company does not. So, if you are in this as a long-term investor, daily ups and downs are not relevant, while monthly and quarterly announcements are, and patience is the only virtue.that matters.
I thought the same thing. Seven dollars, sure, but seventeen? Still, I'd like to see that report to understand why they made the bullish call now.. It could be on Friday's Phase I announcement, but I am hoping they have some other reason based on other news.
Thanks for the link, but the article did not say "strong sell." It simply said "wait on the sidelines" until the latest data is released. Wisely, the writers brought out the potential risks, but left the door open for a possible win here.
This morning that small boutique went from a Sell to a Strong Sell recommendation based on technical indicators. They don't have a good track record, but I'm sure that enough traders follow their recommendation to make it a self-fulfilling prophecy in the short term. Personally, I wouldn't give a penny for their advice, but what do I know?
oldpapa, two or three short sellers have started posting here in the belief they can influence the stock price by bashing the company. We see it all the time on these message boards. These short selling posters are amateurs, and anyone with a few decades of experience in the market knows their game and knows that whatever they write, it is ultimately insignificant. However, they are so naive, they actually believe in their power to influence the market and stock prices, so it really is quite funny. Instead of posting to share information honestly, they post deceptive and misleading information with hope of making a few bucks on a trade. It's a pathetic example of what greed will lead people to believe and do.
Thanks for you reply. Yes, I agree with your complaints about the company. And anyone can look at a basic chart and see the losses long term holders have endured. My question was why do you think you have discovered problems that no one else has? It just seems arrogant for you to spout off about the company when you barely know it. And any wise trader knows not to listen to a pure pumper or a biased basher. Most honest posters try to take a balanced approach, to see the positive and the negative story. That's how you can tell a basher and a pumper -- the only offer one side of the story.
Gee, aren't you the observant one! If you read my post carefully, you would have noticed I said I traded the stock and held a core position. So, yes, I've lost on the small core position, but have managed to make back most of the losses on trades. Now, who are you? I haven't seen your name here before last week either.
So who cares what you think?
You're just another troll who flits from message board to message board.