imo 2 main possible reasons. The smaller study had good results, which could give a rare heads up to the upcoming larger study results. And/or just anticipation of study results in general, which often causes a run up in any biotech regardless.
I don't remember exactly, but I probably said something like "no offense" or "nothing personal". You didn't exactly call me a liar but pretty much... basically I've had a schizophrenic couple of days. I was never not on board but thought it would pull back from the high for a lower reentry, then gave up on that plan and decided to not get too cute. Right now I'm holding for results. Unfortunately I usually get burned when I do that, hopefully this one is different. I apologize if I offended you before. I see posts like that a lot on these boards which are fake. If I believed all the supposed info posted on these boards I would be bankrupt
Yes I agree, the damn bots should not be allowed, although I'm not sure how it could be regulated.
One thing I would disagree with off the bat. Why is FXCM paying off "converts and other obligations"? I've seen a lot of buyouts in my day, buyer usually assumes all ordinary debt. That kind of calculation is done to make it look like the numbers are sensible, but in fact it's ridiculous. Also, the company has stated that they will pay off the full loan by year end, have already paid 12M, and are not planning to sell anytime soon. So, imo it's worth low 2's now and likely to go up from here.
I've done a lot of turnarounds, but I'm holding a core position. I sold half a few days ago and then bought back in for a larger position yesterday. Total holdings are around what my overall gains equal at this point. I am not comfortable buying, and especially buying and holding, at the 52 week high. But I have big hopes for this stock, as I said. ri66 is constantly calling me a liar, please don't be another one it's very insulting. I've got no reason to lie, I'm just trying to engage in the conversation here. You want my whole stock history for this ticker?
I am in awe of the strength of this run, just as I was dumbfounded by the collapse. Not a boring stock, that's for sure. I'm excited for good news, but also nervous. I mostly stick to short term trading, this is a rare buy and hold position for me. Can't help but think that if the results are good enough, this company could be worth many billions.
I've run the numbers thoroughly. That analysis is laughable. I'm not going to the trouble of reposting the #'s again. If it sold for 700M, shareholders would get somewhere in the low 2's. It's easy to calculate. No surprise it keeps trading in that range. If you're sincere I suggest you make a little spreadsheet and calculate it yourself.
I don't care if people short. It helps preserve capital in the market. Someone who shorted it down can use the profit to buy in long when things turn around. If there were only longs, we would need all new cash to buy back in after every market dip. Think about the big picture. If the reason you bought hasn't changed, the drop is only temporary and nothing to worry about.
Anyone can do the calculations. Other analysts are much higher. The estimate of 0.50 value assumes the entire enterprise and all assets would sell today for $400M. This is patently absurd. The current price of 2.20 assumes the company is worth about 700M, about half what it was worth before the crash. If they pay off the loan and continue operating as they have in the past, over time it should move back towards it's prior value. In the recent cc they forecast paying off the whole loan by year end. They forecast improved profitability of operations after selling the non-core assets. In other words, the business will survive the loan. Where in that does an analyst see a 33% reduction in value? The only material change since the 0.75 estimate is that they paid $12M on the loan and reported a good qtr. The citi analyst claims the reduced price target has something to do with the proposed asset sales. The explanation appears to be either stupid or dishonest. There's no other way to see it.
Now we know, they've been waiting on that rate hike before buying their new Afrezza insulin! Market is totally nuts sometimes :D
ri66, as usual you deleted your other post, in order to delete my reply to you. What reason have you ever had to think I was ever short this stock, which I have never been?