Correct, a shelf is not the same as an actually dilution. It is a contingency or ability only, it is not always or does it have to be acted upon. This one was issued only because the last expired unused in part or whole.
You are either another alias for diamondcutter or you are extremely naïve to believe that what he posted as a "confirmation" was anything other than made-up nonsense.
the volume dried up to only about half of average. Volume has been down each day of the 3 days down, dwindling as the pps goes lower. There really are no sellers left. It will bounce either tomorrow or Monday even if the general market is down. Otherwise, volume dries up even more.
The high frequency scalping is only possible for the computer aided institutions. It just emphasizes that the only sustained way retail can make money in the stock market is via position trading over longer durations, not day trading. The house, i.e. institutions, own daytrading and the odds are stacked against retail traders in daytrading. Stick to position trading over weeks or months at least, and that gives you your best shot.
That's a GOOD sign for longs. Downgrades always come at the bottom. Upgrades then follow after it's clear that the downgrade will cause no further selling. Downgrades and upgrades are always contrarian indicators because they are affected for the benefit of the analyst's clients.
It wasn't just ANY one doctor. "Awerbuch is responsible for approximately 20.3% of the Subsys prescribed to Medicare beneficiaries nationwide during this time ..." That makes this ONE doctor very important to INSY. This is very bad for INSY.
The "idiot" shorts I was referring to are those who posted yesterday on this board that this would see sub-2.5 or even sub-2.0 today. I stand by my characterization of them as "idiots". Either they were idiots to believe what they were writing, or idiots to believe anyone would believe what they were writing.
Yes, 13 day ema is now at 2.90 and it is likely to test that. At this point, I am now willing to pay UP to buy this. I was buying every .05 down, and I got some all the way down to below 2.5, but now with it strongly up on earnings day, I willing to buy as high as the 13 day ema. There is no longer any potentially bad news looming, so if a slight miss in earnings doesn't shake it, it has bottomed. The only gotcha now for longs is if there is a severe correction in the general markets.
No, I didn't think today would be a bloodbath. Nor did I think it would necessarily be a strong up day. As I posted yesterday, I wrote nobody KNOWS what the earnings/rev/pps will do, but what I DO predict is that ATRS will be back above 4 soon. And by soon I mean I won't have to wait years.
"...with respect to the launch of OTREXUP projections and progression which you asked, yes, we are titrating patients into the product right now. We do expect an acceleration of sales in the second half of the year. Patients typically see their physicians on a quarterly basis, and we think we have to go through 2 cycles of that. Bearing in mind, we launched in February. We're looking at the July/August timeframe when we expect to see the acceleration."
"On the pipeline front, we've already completed the market research on 7 product candidates, and we'll be adding 3 to the pipeline before the year is out."
Now, as this starts to climb, don't be fooled by the random .05 or .1 swing down. That's short term noise, orchestrated to make you think the climb is over. The real climb comes over the balance of this year when quarterly reports start picking up double digit percentage OTREXUP growth and estimates are raised.
I'm not gloating. I LIKE shorts. They made it possible for me to buy shares all the way down to 2.5
And they will provide the rocket fuel for this to zoom up.
It's just too funny to me how the posters saying it would be under 2.5 or even 2.0 today have disappeared. Wasn't "whogo" in that camp? Where's he today?
Short covering will drive this higher quickly once the realization sets in