Seems like Citron knows something the govt with all their resources do not.
No charges filed after a year of investigations.
What's your argument?
Everything depends on why people get in this stock.
In the beginning , when people get a divy many will usually sell after.
As the company develops a record of paying an increasing dividend over time the selling becomes less and less. At some price point the big money comes in to scoop all those shares and you get a price recovery up to a point.
Just expect volatility to occur and prepare to buy and or sell if your a short term trader or one looking to add , as I am.
I'm not sure any of us will know the story until it is written.
So just as any gambler does , we place our bets.
Chapter 1 is looking pretty good, so do you want to buy the book?
The real reason to buy is potential.
Never mind the divy, look at analyst's earnings projections for next year and tell me this ain't a steal at this price.
Look at others, HALO,SRPT,RMTI and none are projecting positive earnings next year. Then look at their pps.
Everyone sees the hit to share price, but the pps may very well run up with all the chasers coming in. Could go to 9.0 before x day. So the immediate drop will be from that point and not the current price.
How many of you would dump your shares below todays closing price after x day?
Or will you wait for drug approval or future earnings and dividends and a possible buyout??
Or will you do as I am and come in to support the share price with buying???
Hard to say what the big boys will do.
So many positive catalysts.
Dividend chasers, buyout chasers, drug approval chasers, future dividend chasers, all are great reasons just to lock your shares up or sell some if it gets out of hand.
Kinda feels like when they discovered oil on my property and came a knocking on my door.
Could it also be just the opposite.
That the cash on the books made them a big target for a buyout, that is if mgmt does not want one.