That's what's unforturnate? What's unfortunate is Siegall's options and immediate "sells" since 2013. Click on insider trades and see how many millions are given to him. If SGEN is on its way to FAME why does he continue to sell his shares? Because he's smart and getting richer each month. Give him shares anywhere from 5-10 bucks and he sells in the 40's. Look for yourself. All he has to do to get these options is go out and pump this company up beyond belief. Why after all these years were they so far in the hole that they had to offer a secondary? Play this game right along side Siegall and you too will get rich.
The real problem with SGEN is not Hilary. The problem is they posted a 47.5 million dollar loss in the 2nd qtr. of this year and HAD to offer another 400,000,000 shares of stock at $41.00 a share. That offering closed on Sept. 16th and the stock rose to $49.66. Profits were taken leaving more bag holders that did not sell. The sellers may just buy this stock again for less with their profits. Now that Red is how to play the game.
You should because there are lots of sheep out there. I get in on the bogus pumps and get out the same day. There's always a quick run-up on their "bull" predictions like they know any more than the rest of us. So TXMD gets pumped. Look at the high of the day and look at what it is trading at now.
Not when the stock already doubled. Beware of Florida scams. They are a dime a dozen. Why do you think they had a secondary at a price of $7.80? It's because they sport a negative EPS. Now the shares are diluted. CNBC just pumped it today and said it should double. Not a chance.
Thanks, bought today at $44.50 and just sold for $45.05. Still going up some but I don't care. Did you buy the new hype on CNBC (TXMD) expected to double from here?
Yes, and I was buying and selling then too. Bought in the 40's also. Like I said I love this stock just as you do but for different reasons.
Cramer IS an idiot but when he pumps something the sheep follow but not for long. Best to get in and get out with a quick profit because he's only a 50%er just like everyone else. His big ego stops him from saying "I guess I was wrong about that one" and tell you to get out before it goes down further. Mining and China will crush CAT; both in trouble plus a slowing economy.
The real money makers of this stock are not long. Trading this type of stock with a negative EPS and secondary offering takes all the risks off. Why sit at the same price and watch it go up and down only to break even when you can capture gains and move on to something else? Wait for the next tank job and re-enter. I will trade this stock until it starts to make a profit and only then will I go long. Doesn't take a genius to do the math. Buy lower - sell higher.
Follow the 6 million shares traded on 9-11. Four trading days later the stock goes up 9 bucks, also around 6 million shares total. Follow the Baker pump and buy as soon as they do. The stock runs up quickly on ONLY the news the Baker's bought more. Then it settles down some. Did any of you look at the Buy-Sell agreement (article 1) of when and who Baker's can sell this stock to? Quite interesting so I will continue to buy again when the Baker's spew their purchases all over the internet on the next arm up. I love this stock. It's like clockwork. Every time the Baker's buy regardless of a secondary which dilutes the shares the herd starts going ballistic. Remember the last time this thing got up to 50 bucks. Baker's bought for $30. after it topped out-then 34-38-40's. Then it gets to 49 and millions of shares are traded. Who is that selling? I am going to buy more SGEN next week and collect another coupon on the hype. Smart money. . .
Because it's only worth at the max $60.00 a share. Cramer pumped this thing monthly on his mad money show and now you hear nothing about why he was wrong.