agree.. bought puts on Friday. This rollover will force this down 3% this week. Apple looking bad and Facebook seems to have been topping out at $120.. Amazon under pressure from anti trust comments, oil will be down.. I think all of these will cause a sell off..
Looks like maybe news this week and even as early as tomorrow! Puts were sold for the May 20th oex
******CORRECTION******** Sorry guys.. A glitch in my computer program for some reason. Those puts are for this Friday May 20th. That means news this week... Maybe Monday.
B&L and Salix's value is more than their debt. B&L is a much evolved company since they purchased it. Also, debt is due years in the future. I am not saying this is going to explode to the upside but BK is out of the question and to short it hear is just foolish. Look at all those puts that were sold on June 17th. $10 million+ sold on the put side deep in the money. These bets are made by big funds who know way more than you and I ever will. This is just one day and we will see if that continues on Monday. The 23% reduction in the short interest in a two week period is also a tell. The large put selling in June monthly oex really convinced me this is going higher.. How high? I think through those $31 puts but after that who knows. jmho
the way you know those puts were sold is because they were very deep in the money puts in large volume
30k+ calls between $24 and $30 bought.. Then there were large sells of puts deep in the money also.. 4200 sold at 36 for $5 million and 3400 at $31.50 for $2 million and approximately 13k within $2 of the current price. That is another $3 million! Huge activity! Someone knows something is up..
Not allowed to announce new partnerships or deals, etc. so if there was a bid we will not hear anything till June 10th.
This stock is not near $10 because the management sucks.. The have no idea how to promote their company.
this may trade down day after day until June's announcement. They really can't wait that long for the release because this could be trading at $15 by then
Agreed. Especially since the short interest went down 23% in 2 weeks. That is huge!
Yep.. I agree only because short interest dropped 23% in the last 2 weeks.
day traders have no meaning in the long term price. Large funds that are short are the only concern and they were down 23%.. Means something is in the works and we are near the bottom..
go to short squeeze dottt commm probably where he got it
just a joke
their robotic algorithms trade this sideways for weeks. They will make millions
Doesn't matter.. All the losers that can't make it in the trading arena end up there.. So you have the losers trying to police the winners. That is the real reason nothing gets fixed.