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Scientific Games Corporation Message Board

eddiepetedan 20 posts  |  Last Activity: Jun 5, 2015 6:07 AM Member since: Jul 11, 2007
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  • Reply to

    Heavy call activity

    by eddiepetedan Jun 4, 2015 10:25 AM
    eddiepetedan eddiepetedan Jun 5, 2015 6:07 AM Flag

    The sale of 28,000 Jan out of the money calls coinciding with the sale of 28,000 Jan out of the money puts is a huge bullish bet. Jan is an awfully long hedge and if the stock falls significantly, hasta la vista baby!

    Sentiment: Strong Buy

  • eddiepetedan by eddiepetedan Jun 4, 2015 10:25 AM Flag

    Less than an hour into the trading session over 8000 Jan 21 calls have been purchased against open interest of only 55 contracts! this is hugely bullish as the premium paid for these out of the money calls was well in excess of $1 million. Someone thinks it's a good entry point. Giddy up!

    Sentiment: Strong Buy

  • Reply to

    Timing of Jefferies presentation

    by eddiepetedan Jun 3, 2015 1:18 PM
    eddiepetedan eddiepetedan Jun 3, 2015 2:41 PM Flag

    You pay for length of presentation, size of room, and primetime at most of these types of conferences. Not saying it isnt a coincidnece, only raising the question.

    Sentiment: Strong Buy

  • Anyone think that the timing of the Jefferies presentation after the close today is a coincidence? Another partnership with big pharma? More compelling trial results? Something that will move the stock. I would think that the presentations early on or in the middle of the day would be better attended. These presentations go on all day and it just has me wondering. Could be a coincidence.

  • eddiepetedan eddiepetedan Jun 3, 2015 12:25 PM Flag

    He's out there with all the other longs who are placing 60 day, $150 sell orders so the shares couldn't be borrowed by the shorts or have to be covered. I know I did that today with every OPK share I own This is called get shorty! You did that , right Buster? Buster right? Buster?

    I'm guessing that OPK will have a good run into the close right before their big Jefferies presentation.

    Sentiment: Strong Buy

  • eddiepetedan by eddiepetedan Jun 3, 2015 10:22 AM Flag

    There was unusual OPK call activity yesterday. 2131 of the July 20's against open interest of only 203 and 3767 contracts of the Jan 22's against open interest of only 170. This is very bullish activity both near term and longer term (out to Jan).

    Sentiment: Strong Buy

  • eddiepetedan by eddiepetedan Jun 2, 2015 11:31 AM Flag

    OPK is moving strongly higher even in the face of biotech taking it on the chin. Imagine if bio was moving north. Have to believe some of the shorts are starting to get it and covering, particularly with the Jefferies Conf presentation tomorrow after the close. This thing could move tomorrow afternoon and Thurs morning, so much so that it may pull back a bit later on Thursday and into Friday. $20 sometime before weekend?

    Sentiment: Strong Buy

  • eddiepetedan eddiepetedan Jun 2, 2015 11:23 AM Flag

    Typical of the large houses--they'll be pushing OPK at $85.

  • Reply to

    I bet in this last 8 minutes this bleeds

    by busthercherry Jun 1, 2015 3:53 PM
    eddiepetedan eddiepetedan Jun 1, 2015 5:16 PM Flag

    Hey bus, even if it did close up less than .50--up .49 is hardly a bleed. Hope it bleeds like that a few more days!

    Next catalyst is the Jefferies presentation Wednesday. When companies present, they usually have some red meat for the analysts and fund managers who are in attendance. It will likely go up a couple of bucks. After that, it may retrace a bit depending on the magnitude of the 911 response from the shorts. You're not short so nothing to worry about!

    As far as the approval---doubt anyone on the Board is on the FDA panel. Never any assurances, but don't worry, it will. Actions speak louder than words and the smart money (Frost and management) says that there is an extremely high degree of probability that it will get approves--both oral and IV.

    Sleep well my friend.

    Sentiment: Strong Buy

  • eddiepetedan by eddiepetedan Jun 1, 2015 3:27 PM Flag

    About a million shares traded in the first hour. It has been fairly sluggish over the past few hours and the price is holding up well, as there don't seem to be a lot of people willing to part with their shares. A good showing at Jefferies after the close on Wed or an upgrade and this thing rockets higher. Heck, even anticipation of the Jefferies presentation may be enough to move this thing a dollar or more over the next couple of days. Just my opinion.

    Sentiment: Strong Buy

  • Reply to

    No resistance up here

    by eddiepetedan Jun 1, 2015 10:06 AM
    eddiepetedan eddiepetedan Jun 1, 2015 10:39 AM Flag

    Very few people have paid between $18 and 18.29 for the stock. Not a lot of people looking to get out , especially as compared to the 42 million short shares. You can cover now or cover later at a price well north of where it is now. I could be wrong, just call them like I see em. Giddy up!

  • eddiepetedan by eddiepetedan Jun 1, 2015 10:06 AM Flag

    Not a ton of resistance up here. Jefferies conference presentation after the close on Wednesday. According to Barrons, the short position in the stock is up another 2 million shares from April 15 to May 15. The float is going down as strong hands are accumulating. This stock could be testing $20 by weekend. If it catches an upgrade could be $22. With the greatest possible respect to the shorts, think about getting out in an orderly fashion.

    Sentiment: Strong Buy

  • Reply to

    Five days until

    by busthercherry May 27, 2015 7:30 AM
    eddiepetedan eddiepetedan May 27, 2015 10:54 AM Flag

    If they hit the deadline any concerns will go away and this thing should go up. Still a few days left.

    Sentiment: Strong Buy

  • Reply to

    Why haven't they filed?

    by lottawatta2013 May 27, 2015 10:48 AM
    eddiepetedan eddiepetedan May 27, 2015 10:51 AM Flag

    I couldn't agree more and think that if they miss their May 30 deadline after missing two months back, confidence in their ability to execute will take a hit. If the stock gets hit, I'll be stepping in to buy more.

    Sentiment: Strong Buy

  • eddiepetedan by eddiepetedan May 20, 2015 11:24 AM Flag

    With the NDA filing AND the Jefferies Conference in NY coming up June 1-4, OPK is probably an easy glide to 20-22 and that doesn't include the shorts who have shown remarkable resiliance.......at least up until now. Feeling lucky shorts? Have to tell you, there aren't a lot of sellers with the stock up here, plus it is just a matter of time before this stock starts showing up on a lot of screens. Just bought some Jan 25 calls to supplement my position in OPK. Giddy up!

    Sentiment: Strong Buy

  • eddiepetedan eddiepetedan May 19, 2015 10:55 AM Flag

    I don't even think Frost will blink. He's looking for OPKO to make him the richest man on the planet. Another .50 is chump change for him.

  • eddiepetedan by eddiepetedan May 19, 2015 7:56 AM Flag

    OPK presenting at Jefferies conference first week in June, plus two presentations today. NDA by the end of May. One hedge fund investment away from a sizable significant move up. Frost is going after Moby #$%$ in a row boat and has his tartar sauce with him. Get out of the way or get pancaked.
    Sentiment: Strong Buy

  • eddiepetedan by eddiepetedan May 18, 2015 5:57 PM Flag

    Another presentation tomorrow. With insiders owning almost half the company and institutional investors stepping up, the float is diminishing very quickly. 40 millions shares short is fairly large given what's available out there. The mother of all short squeezes over the next few days to two weeks?

    Sentiment: Strong Buy

  • Reply to

    Update on NDA and Milestone

    by eddiepetedan Apr 24, 2015 4:48 PM
    eddiepetedan eddiepetedan Apr 24, 2015 5:13 PM Flag

    Phone calls. Finally got a returned call after three messages and two weeks of waiting.

  • eddiepetedan by eddiepetedan Apr 24, 2015 4:48 PM Flag

    Company will be presenting updating on the NDA at the Jefferies Conference in early June. IR has indicated that they got hung up in the FDA minutia. $275 mil Pfizer milestone payment is anticipated for mid- to late- 2016. This was represented by IR as well.

    Sentiment: Strong Buy

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