Could be part of it, but this was much bigger. These type of trades are "arranged" at set prices as one fund buys from another after hours. Lots of such goes on at the end of the quarter and then is reported in the funds next quarter filing. We found out yesterday about this major purchase (which is 10% of their total holdings - may have taken some profits in the last few days):
evin Kotler increased its stake in Horizon Pharma Plc (NASDAQ:HZNP) by 1264.68% based on its latest 2016Q1 regulatory filing with the SEC. Broadfin Capital Llc bought 6.32 million shares as the company’s stock declined 21.36% while stock markets rallied. The hedge fund run by Kevin Kotler held 6.82M shares of the major pharmaceuticals company at the end of 2016Q1,
If you acted on that hunch by buying index puts Thursday, you could have really made a nice score.
During my "gambling" days I'd buy index options the day before expiration or a big event. Premium was very low and if you had a big day either way you made money. Doing it every expiration usually meant over time you'd do well (I did, but now business and family obligations don't afford me that "free" mad money).
Puts us at the bottom of the $2 range we've been stuck in for the last month. Lets not make too much of such minor fluctuations in price when the general positive trend since May 12th low ($13.37) remains in place.
This is the kind of general news that has nothing to do with HZNP and its prospects - just useless noise to be ignored. Viva Monday!
Nothing happens in a vaccum (except wind rolling around circulating dirt - a greater contradiction would be hard to find). Scotland (which just voted to stay in the UK) and Northern Ireland are both pro-EU and furious about the vote. Could lead to further turmoil.
PDJ, we suspected you were clueless and when you respond like this it is proven. Conventional wisdom (most of the prevailing opinion) was that Bretix would fail (which is why the stock market celebrated on Thursday). Has nothing to do with the merits of the proposal, just what people thought would happen. Kinda like if the odds were high that Navy would beat Army, but somehow Army pulled off an upset (almost happened last year).
Might say we're getting "pounded" today. Earnings may be centered in the US but HZNP is still an EU company. France is threatening to dance as well. Who knows what or where HZNP's expansion plan in Europe lies (I'm sure they are in an advanced state of negotiations to buy a company to use for distribution).
Only things that really matter are Q2, KTT and FA. Price swings in HZNP are exaggerated due to the high concentration in funds and institutions (95% or more). Volume is normal and there is no panic selling, but when one of the big players wants to off-load (e.g. Q2 window dressing), on a day like today buyers are fickle (as they all have plenty).
Good news is that good news will have the same effect to the upside. Mendatious monetary meandering makes (for) mindless mistakes.
Paid up a whole $30M sausage monger - that's not even 10% of their cash on hand. You win the dumbest statement of the month award.
Tells me that you are very worried about your short position as you know it could aasily go back to $39 or higher with the right results and/or trial data. Amazing how you've figured out how to be More Off and More On at the same time.
No cherry picking weiner snitzel, just have to take my original investment and multiply by how much its worth now. Lets try it this way so even you can understand it - if you bought 4 squirrels for 40 cents and sold them in hot dogs for $1.60, you would now have 4 times your original investment (or 300% increase). Mine is actually higher but don't want to brag.
OT - There may also have been no such thing as Socrates, as many believe it was Plato who really was the philosopher. Not a lot of concrete evidence (but they didn't have concrete until Roman times, so that is understandable).
Pretty much the definition of a bullish stock - accelerating on good news and ignoring bad (although I don't foresee anything bad other than possible P2 ESRX exclusion in August, which would be a bit of a set back if that happens to their leading current growth driver)
You would have to go back in time and serve a career in the military. Tricare Prime is pretty good stuff, although I'm grandfathered (in more ways than one) and newly retired personal can only use the Standard version where they'd be paying 25% (or free if they use a VA hospital).
Feel your pain though, and its exactly why drug prices (although there is gouging) are a red herring in the hunt for red November.
misquote as its Gomer Pyle. Nabors is a neighbor as he lives in Hawaii. So much for "pyling on," and you can't put a sock rat tease on it.