I'm new to MACK but I just accumulated 14k shares over the past several days. Already up 5%. Will the rally continue?
I'm a shareholder here (more than 25k shares) and I understand the bullish ongoing developments.
However with everything seemingly aligning, any clue why we're still stuck around $2 and change?
I suppose I want to ask...who is selling here while the share price consolidates between the $1.90 to $2.10 level?
smoke and mirrors
The real news is what is how will Roche deploy their funds when they sell their stake in Novartis (nearing $16 billion after yesterdays run).
That's a whole lot of cash flow to invest with.
2000 shares in time will also either barely get you a starbucks coffee or a 6 bedroom 3500sf house.
I suppose it depends which way she rolls.
Tin...I understand that.
Quite the contrary, I bought some PCYC @ $19, PBYI @ $30, BAC @ $5 and AUDC @ $4
Also bought and sold S, RAD and LU too early.
Just simply attempting to gauge who's selling into this consolidation range. People who bought at .50 to $1 for Christmas or vacation money? Tax gain selling?
This stock should follow the pattern of GALE but even double-triple GALE's mkt cap.
Let's not forget we have folks who paid $3+ who are drowning here or hopefully have covered lower to recoup the loss.
Glad I bailed on this investment in late November, surely not missing it since receiving a near 20% plus haircut already.
The turnaround should continue (righting the ship), but the stock turnaround has ended. Feel bad for the longs who bough the story north of $6 a share. This will float between $3.50 and $4.50 for at least the next 6-12/months.
$3.50 to $4.50 would be a decent entry level.
Let this thing drop another 10-20% and you'll be fine long-term (years out).
Share price is toast for at least 6-12/months.
I'm sorry but I just unloaded 30k shares with an 8% gain.
Never lost money selling for a gain.
GL longs....I'll buy back if we see $1.90-$2.00 again (if it retraces that low).
If not, stay long and strong my fellow longs.
As of 12/3, they held 3,919,706 shares of Inovio. Please correct me if I am wrong, however the block was for nearly 7/mil shares. If Marxe were to transfer ownership (indirect sale to let's say Fidelity), the share volume would simply remain at 3,919,706 shares, it would not double because it's a transfer of ownership (SEC filing), and not a buy/sell trade.
The price didn't get hammered so it clearly wasn't a market sale by any means.
It looks like Marxe will probably still be holding (we'll know by Tues or Thurs depending on the SEC) filing.
The share price did temporarily spike, so I would guess it was simply a deep-pocketed individual or most likely a new institutional/fund taking a stake of ownership here.
It was clearly a huge buy-side volume trade.
I sold my 30k shares into the rally at 2.20, however would love to re-enter around $1.80-$1.95.
I couldn't pass an 9% gain in less than 3 weeks.
Not offending any longs here (I love the technology behind the company and the company as well) by my trade, but you never lose money selling a winning trade.
Maybe, depends on earnings, div/buybacks and overall market direction.
I would guess $17.50-$18.50 by end of march, then stall for spring/summer, then hit around $22 by end of 2014.