The fact that one fund owns 53% of outstanding shares makes this so much more of a juicy target for short manipulation - there is just so much less liquidity. Spotlight did their targeting homework. Now we need SEC to do theirs.
You probably will post that Price Waterhouse is owned by XON and the whole set up is a massive fraud, right? LOL
And if no accounting malpractice, then we'll jump back to $40+ in days. Place your bets.
Fraudulent for sure. But no investigation will ever take place. This is pretty common and there is really no oversight so it will keep happening. The game is rigged for sure and some players abuse the system for personal gains at the expense of most other investors. SEC is a joke. No action will take place until one of the House of Reps or senators is personally affected by such action then, and maybe then, would there be a "hearing".
Seen this too many times. The stock under short attack and will be kept down here for a while. PLUS, thanks to so-called politicians trying to be elected, all pharma companies are now the devil. All we can do who believe in this company is to hold on or buy more if you have dry powder. I am selling short-term covered calls which have a pretty huge premium now. At least I'm recovering about 10% per month for the next 2 or 3 months until the stock starts to move again.
Changed? Oh, yea, there was a valuable and insightful article about Fraud at XON, right. So I will short tomorrow like you because this thing will obviously go to zero, correct?
Average down before XON shoots back up.
Upgrading AFTER a huge run!!! Classic short-term sell signal. Designed to enrich the big boys at the cost of us retail lemmings. When will we ever learn how to play this WS game?
Anyone who listened to me would have made a quick 20% in 10 days. Now, my prediction is $20 before May 20. I cannot legally state my reasons. Stay tuned...
Now you upgrade? Really? Now? Where were these baffoons 25% ago? And upgrading with a target of $29? Really? Another example of contrarian ANALyst action. I will take profits tomorrow.
If we have a couple more up days this week we'll be off to the races back to $18+. This would confirm the double-bottom of $13.12.
Are you saying if they had guided down the year, stock wouldn't get hit as hard?? I think what we have here is a perfect storm of bad industry news, bad political environment and a tainted business model (thanks to VRX) and additional "piling on" by the opportunistic small hedge-fund crowd who have the ability to short a small float and hence drive it down hard. HZNP has good fundamentals and most importantly great management. This is no VRX with horrible management, crooked books, out-of-control debt and Ackman's ego to boot!!
This one is on the radar of many professional traders who may want to push their short. Twice in the past 6 months this one was taken down violently and both times it bounced back hard. The fact that today we didn't breach the $13.12 support is encouraging. However, I feel more selling will take place tomorrow. Hopefully we have a high-volume reversal which is the key signal for shorts to cover. Once this starts, HZNP could shoot up $2 in minutes. Stand by...
To All Longs:
This is a short-attack. The shorts WILL cover soon. This company is not VRX. It is not in financial trouble. It has loads of growth, earnings, cash flows, low tax, great products, etc. Do NOT give up your shares here. Last year in October, same thing happened. Then within weeks, it shot up 30%. Just look it up.
This IS something else. It's a short attack. Step back and look at facts however, the year's rev was confirmed! and growth is now only 79%. LOL.
DD: Dermatology is one of the fastest growing medical trades now. One Dermatologist I know is buying over $1M of supplies from AGN now! Demand for the products of AGN is strong and will get stronger. There is so much fundamental strength here. PFE was happy to pay $340 not too long ago. We're at a discount of 33% here folks! This is a gift!
It's amazing how the little bashers crawl out of he woodworks and spew their stench all over the boards at the sign of any weakness! Let's turn on the lights so these cockroaches can disappear under the fridge again.
MS did this to push down price so their clients can load up. Seen this so many times. Unfortunately as blatant as it is, it's not illegal. Analysts do this all the time. I will be proven right once MS upgrades ICPT in about 3 months. Just watch.
What company would be a better target than ICPT for a large slow-growth pharma to acquire? Intelligent responses only.
This one looks prime for a PFE, AGN, MRK, ABBV, AMGN or even a LLY to acquire.