my guess is above 32. probably 33-34 because someone bought a ton of 32 calls expiring tomorrow with big money bets like that they usually can steer it and park it at the end of day. we'll see what happens.
Let's see , Just because Icahn bought doesn't mean that supply/demand will change overnight , he has a different time horizon than you and I . The fed putting interest rate on hold is actually a bad thing because its an omen of how bad things are and are about to get (i.e. more pain ahead for oil & commodity prices because of weakness globally). as to your last point what dollar weakness are you talking about exactly , everyone is crying bloody murder over how the strong dollar will hurt international companies (i.e. FCX) so even if they make a good profit it might get wipped out and lose with monetary conversion . So what hasnt changed ? I'll let you sleep on that .
We know now why it went from 32 to 8 , so has anything changed the course to cause it to go higher , are we expecting oil to jump soon or copper / commodities to jump ? any report of increased demands or low supplies and humming economies, if that's the case I'll buy hand over fist but I don't see any of it, until then I won't buy .
All the Bio co's got slammed because of Hillary's statement. What if CANF becomes a buyout target as a way for a big pharma co to circumvent any possible regulations with new administration , not to mention a promising pipeline with FDA fasttrack. This might be a legitimate takeout target for more than one reason.