Now you've done it - you knew it was going down (confidential information) and shorted it. That settles it - you're guilty of insider trading and the SEC has been notified. It is so uplifting to be a smart #$%$. Now I know why you do it.
The last downtrend bounced hard here and I expect it to do the same. You might have a good call. I also plan to add around here and will have a limit in about 7.05 expecting it to go to 7.02 before it goes up.
Sentiment: Strong Buy
Still have 2 quality analyst green flags and some compelling results. I say the first wave of upgrade weak hands got impatient. Won't they be sorry.
Although Kodiak holders probably don't see it as yet, it will help them with the lumpy balance sheett, deb, and set a smooth sail for the earnings trail. I also see it as a win-win. It's long been an assumption that KOG will be bought out and I'm sure they were looking for the premium but it comes with the synergy of a bounding and robust company that should emerge as the Bakken leader.
Like one of ours said, "Welcome to Wall Street". I expected this to happend but not the dog pile scenario. That was indeed orchestrated and yet a well planned action to achieve a better buy in for those that missed the boat and how many times have we seen that? All of the major movers have hit the reset button. It's history and should be planned for.
Everyone wants to bash these shorters with their half truth hit pieces but I have made a fortune off of them. Two of the most recent ones were the Geo hit piece on AFSI (looking at a 45% gain) and QCOR (a 75% gain) and today Fraudstein provided me with a second chance at mid 7's. So some of their misrepresentations are an opportunity. I expect a sharp drop in the morning where these highly orchestrated shorts will do a massive sell upon open to allow the slow methodical cover. I will be placing a limit order to take advantage of their clockwork agenda.
What always gets me is that these near (short) sighted raconteurs will pervade their articles with expletives since their vocabulary is so limited that they can't make it through one piece without doing so. I guess that comes from the frustration of having put up their own money to short something that is appreciating. But look who their readership is.
The short covering is tempered with a massive early morning sell off and steady covering for the rest of the day. That's the pattern I expect to see.
Sentiment: Strong Buy
Can't really give him credit without investorgenius being included. He correctly called the optina with assuredness. Bravo Investorgenius! Of course you to Racavalli
I've let things like this cheat me out of nice returns and see this as a very nice base here before the uptrend resumes. My dd has strengthened my conviction on this. Pcyc is my biggest bio holding and my concern is for 2015. BTW My goal is 75% from my high 80's entry. And I may be wrong but I think the triple top is still intact. Let's talk next week at 100. JMO
Quite often shorts picks involve companies with superb fundamentals. I used to think it was dumb but now see the light. They make money going both ways - Short a perfectly good TRN at 87 with an impeccable history of meeting or beating earnings and then cover. A quick 20% turnaround in less than a month which takes us longs about 3 times as long to produce the return. In the meantime there is a scout in the analyst camp (someone in the know) who is soon to issue an upgrade. Illegal? Well, they get by with it often whether it is or isn't.
Sentiment: Strong Buy
But that shouldn't effect the stock price on al in the long run. Boeing orders aren't coming in as regular and are being cancelled meaning that there should be more need for leases. Those airlines will still be needing planes right?
It's hogs that get slaughtered. You fatten the pigs up. Now take heed - this is the last good deal in the Bakken and has been held back for years. I should make a sharp run up so you should cover quick.
I get it winningstox - you are gloating on short term swings since you're a swing trader. I used to value your opinion. I realize this is heavily shorted but my theory is you can never buy the bottom. A trader such as you should know this. So I my buy in is in 3 - 4 increments. Started my position in the 78's today and plan on holding for a year. Goal is 30%. Sell off is on weak news and you might be missing the big picture. Good luck on your trading. You'll need it.
Especially when the drug is 4-5 years away from being on the market if in fact it does get to market. Lots of if's.