will be over for how long? If E Warren gets the nod over HC, and that is what the libs want, bcse HC voted for the war in Iraq, and some other mis-steps, and if E Warren wins, things will get much worse for energy policy.
Also, as long as the $ strengthens, commodities will weaken.
Coal stks are very cheep, maybe worth a spec, but that is it, imo...even China admits they burn too much coal!!
I really don't think this will be resolved, except if someone like E Warren gets into power, which would be overall bad for everyone.
Other biotechs? It is my assumption that any stock that is being shorted, is also being naked shorted for 2x more shrs.
Recently, LCI had an issue with the CT AG. He is a well know corp basher, and wants to run for Gov, so everything he does is to get himself on TV, and garner press.
But, LCI has a very broad product line, and the charges are pretty thin. Still, LCI, which had been at 51, and was about 48, dropped to about 33 in the next 2 weeks.
Who was selling?? Cutting the mkt cap by 30+% on an AG inquiry? I bot, and now, 6-7 weeks later, LCI is at 43.
The diff with AMPE is that their problem can not be resolved in a month or 2, and they have no other rev. Plus, by keeping the price low, it weakens the company. So AMPE was, and is, much more vulnerable.
A similar situation exists (for me) with KERX, they got their expected FDA approval, but with a caveat, they need to provide use warnings on the label, and the shorts absolutely destroyed the stock. It was 18 when they got approval, 13 now. To displace those shorters, we have to wait for the initial prescription data, which is probably a couple months away. So I have not added to my position, this will take a while to work out.
Anyway, there is no way to avoid the mkt players like the naked shorters. It is just a matter of knowing their game, and playing it as best you can.
As to the guy who quotes Reg SHO, ask him why the CEO, who probably never even heard of naked shorting, brought that term up on the conference. Maybe bcse his investment bankers told him he was under naked shorting attack??
I get antsy when a stock (LCI) gets close to my intended sell point (45).
But, I have trimmed already, and with the new approvals, I may move my sell point higher.
Plus, the selling right now is, imo, a Sept phenomena, and Oct will close higher than where we are now. LCI could see 45+ before the ned of Oct...
I wish I could say most, and I can, if "most" is the same as "almost all". GILD, BBH, HZNP and LCI up, not much else, and I have a lot of positions, my up/down ratio is like 1-15.
Are you watching the underperformance of the small caps? It's never been worse than today. Dow up .28%, Rus 2000 down 1.16%.
My theory is that is a result of govt policies, ust might comment. Big companies can absorb the daunting regulatory climate, but the small caps are getting crushed. Crushed by OSHA and EPA regs, crushed by a stock mkt that is rigged against them, crushed by a healthcare system that is costing them billions.
Be careful of buying any stocks of sub-$5B mkt cap US companies. JMO of what is causing the problem, but the problem is very real.
Hmmm, my tgt was 14, I thot close to 13 was pretty good, I sold 1/2 at about 12.80. I'll buy some back if it drops, and hold if it rises...
GST priced this AM, priced at 6.25, in the pre mkt, never touched 6.25, now at 6.60. When it opens, that could go back to 6.25.
17M shrs in SO, 2.2M traded PM already, I always wait for a week before I make any judgements, but I think I will be very happy when oil gets back to 100, and GST is at 10+.
posted this before, you have to look at the chart, it was 33 when I picked some up, and I have added. It was 52 back in January. I have no idea what the drop is all about, but I can guess, and I can also guess that DB will see 50+ again, and I expect within a yr.
Up PM again, to 36+.
Good for you, I sold my ZLTQ with a small profit, but they make the "fat freezing" med equip that I see advertised all the time for fatties too lazy to exercise. Very hot area.
I stay away from the semis, which is strange for me, I spent the first 10 yrs of my pro career in that business. My favs are AVGO and CAVM, but I always think I will wait for a pull back, that never happens.
My 2 euro turn around bank plays are doing well, IRE and DB. IRE has some risk in this Scottish vote, I would guess, but it is up today.
Had a good day yesterday, so today all my stocks are asleep, except for PCRX, and that is sold!!