There's also a gap down to $14.96. I also noticed the largest open interest in this week's options are currently the $14 puts at over 900 for whatever that's worth.
I just saw a fresh article from Bret Jensen who still believes this will be bought out at a good premium but he also believes it won't be in the next month or two. Predicts a trading range of $15-$25 until it actually happens.
He believes with SNY tied up with MDVN at the moment that they are probably not in play right now, perhaps if MDVN falls through they will circle back to smaller fish.
Good luck whatever you do.
Just copy and paste it within the browser headline or Google search.
I notice you have "qp" above and not "QP"
With your qp I get a blank page.
Agreed. They certainly should be paying attention unless they are so unhappy with the offer (s).
It's all set-up for them now to get it done sooner rather than later so that their balance sheet doesn't have a chance to come into play, i.e. having this string out through the rest of 2016 into 2017.
Good point and did anyone else notice that weekly options appeared at some point this week?
If there is a game to be played, it's not us playing it.
I have to say I just looked at the daily and weekly chart and it looks really good although I'm a novice at best on the technicals.
Good luck longs.
The stock did an exact 50% retrace from the post earnings high to the secondary low and hit that level twice today.
Trading games and some consolidation.
Probably mostly that plus short term traders that got in during the run from the bottom.
Unless you are talking about something different the phase 3 information is not new. The top line readout for FM continues to be Q3.
Yes, they are clearly indicating they have not hit the ATM yet because while the $27.5M cash is dated as 3/31/16, the shares outstanding of 18.9M is dated with today's date 5/25/16. Excellent catch.
They need to have good news to get the share price up for any opportunity to raise at a decent price.
The stock is very mellow today so far, smaller range.
I think the share count could be considerably higher than that but hopefully it won't be a matter of diluting at very low prices.
Of course this would need both positive news with positive sentiment to lift the shares.
You are correct in defining the entire previous day's range there is no gap. Only from the closing price is their thruely a gap.
No problem. He just was bearish and then bullish and has been giving instruction to several of us.
What gives you such confidence here?
Do you really think Tuesday will be anything more than a nothing sandwich and why?