The FDA doesn't investigate insurance. They have nothing to do with insurance and have no enforcement power over insurance companies. Neither do they approve or not approve drugs based on their price or re-imbursement. PERIOD.
That would be an investigation of an entity or entities other than Q and Q would not have had to announce that as a material event. The fact that they did means that Q mgmt is the subject of the investigation.
or this stock would be a lot lower on much bigger volume.
I think the kind of institutions that hold a stock like this are also the type that care about more than just PE, PEG and 5 year outlook when judging price. When they see a stock hit a bottom around $18 then quickly move to $30 and then in a short amount of time explode up to $70, they're going to be wary of jumping into the froth and euphoria. They probably would just sit back for a few months and see how the stock digests those big gains. If they are disciplined and experienced they'd see no reason to rush into a full position at $70. JMHO's
The SEC top dogs have examined them and determined that they love them exactly as they are. The big Wallstreet firms where they came from and will go back to after their stint at the SEC are making tons of money off bear raids, short-induced government "investigations", high frequency trading crashes, and all sorts of rumor induced mischief.
This thread is a welcome change from some being started recently. I'd ignore the thumbs down from the tape watchers whose fingers hover incessantly over the sell button.
My point is that to some degree you can see what you want to see in charts if you keep searching for chart scales and technicals that fit your thesis. If you want to make a run up in price look slow just drill down the time scale on the chart from months to days to hours and the slope will go from steep to nearly flat. If you *want* to see a need for an even bigger pullback than you mention below just pull up a yearly chart for the last 10 years and WOW will that look like a huge sharp spike. You could probably talk yourself into a pullback to $25 with that chart. One important consideration that you evidently have not factored in is how much real volume and exchange of ownership occurs after a gap up. The longer a gap stays unfilled the less weak hands remain in the stock and the likelihood of the gap filling goes steadily down.
there isn't going to be the kind of bulk panic selling they need to make a big profit.
There are a lot of TA guys here that would disagree. If the past has no predictive value you can throw all TA out the window. The pattern has held for 3 weeks. I didn't say it'll continue forever.
Take a look at an hourly chart covering November. The stock is now in a cycle between 59ish and 62ish. Been popping and dropping this range all month.
Its been doing this all of November. It runs up to 62ish and then they tank it below 60. Rinse and repeat. The low volume does not indicate this go round will be any different. Take a look at an hourly chart covering all of November. 62 is the Nov. sell point for short term traders.
and that Pacific Perch Sandwich sure was good.
The bulk of that probably occurred in August when the stock was hovering in the high 60's. The point is it was prior to the incredible earnings beat.
its amazing we have to keep going over and over these basics. This short is not going to leave without either 1) making a nice profit, or 2) getting blown out of the water by big institutional buying at market prices. In place of # 2 we just have small firms bottom fishing off the regular bear raids.
Having said that, if you look at a longer term chart there is still an upward sloping trajectory even with the bear raids. Its going to take patience.
"This is the last ditch effort"
There is always another ditch with these guys. Think about the balls it takes to be shorting like this after that last blowout report and with a forward PE less than 10. Dinosaur balls. T-Rex I think.
Drive away all the TA based traders and momentum players. May take a few days to bend
the 50 down that low.
Hmmm very interestinggggg (to quote Artie Johnson on Laugh In). You said "Not sure if longs will care". Kinda indicates "it" has nothing to do with the product, quality of earnings, or insurance coverage.
That leaves something like the govt building a case against someone high in mgmt doing insider trading or some such non-business related malfeasance. The only problem with that idea is that that accusation is not new and this "it" sounds new.
Think you got something there. They're probably buying today around the 100DMA.