A few days ago, I posted that EXEL would probably price the shares around 5.40-5.50. This was about where the shares were then trading and before the run to well over 6.00. I then thought that the pricing would be higher. Who know that the price would finally turn out to be 5.40? Let us see how strongly EXEL trades today. Can it keep from trading near 5.40? That would be a very bullish sign.
I have seen and read your absurd claims on many boards, but now you are just posting absolute nonsense. Have you forgotten your claim that as of this morning, you were short 30,000+ shares at 7.58? You could not have added to your position and wind up where you claim. It is very hard to impossible mathematically to get from that position to the one you now claim, given the share price movement throughout the day. You could not have averaged in to such a new position.
Why not just slink away, instead of posting absurd bs?
I will ignore you from this point forward and suggest that others do the same. It is a waste of time to read or respond to your nonsense. Don't bother to respond, I will never read your silliness again..........
I should add that I also went short, but waited until ITEK showed signs of topping in the 8.60-8.70's. I do not think it goes back down anywhere near 5.00 and will very happily cover if I can get 1.00 or so (and will take a much smaller gain if it gets back over 8.40).........
Maybe it is a little early to make that statement, but the trading action certainly leads one to that conclusion. We will see later if the pps holds until the close, but the pricing certainly looks like it will be very good and maybe around 5.88. Certainly surprises me.
This is starting to look like the trading action in HRTX. Demand was so strong for their secondary that it lead to another big leg up after it was priced..............
PS Happy i bought during the AH Session yesterday, wish I had bought more.........LOL
So you gave up on your silliness on the SWI Board and now want someone to think XOMA is going back to 5.00.........LOL
Let us see if it can get back above 1.00-1.50.......
Your "reliable source" failed to describe to you how these offerings really work. If it was 5.88, EXEL would receive 5.88 per share minus expenses. Very hard to believe that the deal will price at 6.00 and equally hard to believe 4.00-4.50. I would guess a price around 5.40-5.50, but who knows? (the company would net that less expenses)
I hate to burst some bubbles, but a lot of posters are showing ignorance of how offerings work. The prospectus has to have a number in it when it is initially filed. The 5.88 was yesterday's close and that number was used for illustrative purposes to show how much money would be raised, fees and net to company. The final price may be higher or more likely lower, but almost never that price. Once the deal is priced the numbers will be updated and filed with the SEC.
1. There really is no way to calculate what the offering price will be. To say it is going to be at 6.00 is as plausible as saying it will be at 4.50. The percentage of shares being offered to the outstanding is irrelevant.
2. Given that we know what the supply will be, we know that the price will simply be determined by demand.
3. The offering references an assumed price of 5.88. I have no idea if that was just a number pulled out of thin air or somewhat based on the book managers work, but more likely than not simply used due to it being yesterday's closing price.
4. Only once the price is announced and we see trading after that, can one make any knowledgeable statements about how this will impact EXEL pps going forward. There are so many examples of wildly different outcomes, that no one can procrastinate what will be EXEL's.
5. I think that EXEL (company) being the only seller is a positive.
6. That being said, I just bought between 5.35-5.40 and I think that we have seen the low for this AH Session, but who knows?
4.50 is as silly as the longs saying it will be at 6.00. We will not know the price for a little while, but it is not going to be anywhere near 4.50...........
The market is big enough for both drugs and we do not have enough information to decide if BMY's drug will be preferable. One can argue that the retreat from the Pre-Market highs of yesterday has already discounted the threat from BMY's drug. Over time, shareholders will find the answers and you might or might not be right.
I agree, I am not sure if I would say almost always, but certainly think it is significantly more often than not, especially given the strong finish to the Regular Session. The selling in the AH Session has been on much lower volume than the earlier buying in the same session that took EXEL to 6.00.
EXEL clearly does not look likely today to challenge the Pre-M high of 7.73, Can it get back to the Regular Session high of 5.96? Right now, it clearly does not look likely, but it is way too early in the trading session to make firm predictions/conclusion. The next tell will be if it breaks through the 5.36 intra-day low or moves back above the Reg. Sess. opening of 5.57......
Quite true, but I admit his posts are so silly that I stupidly feel compelled to respond......LOL
PS Being a trader, I just took my gains once we broke above 36.00. I still think SWI works it way higher, but we might have not seen the lows as of yet on this move. Hopefully for the patient longs on this board, I just made a mistake by taking gains.............