Run it down? The stock closed a lousy 16 cents off its high of the day. Looks more like traders taking some profit before the weekend.
Actually if we are going to see bad news it would be more likely to occur once after hours trading closes tonight. News released over the weekend particularly Sunday nights is frequently good.
About 7,000 call contracts traded compared to about 700 put contracts for April. Traders appear to be betting the stock is going up.
If you have been trading for 20 years you know over the last several years we have a biotech sell off every six months for a few days and then the stocks recover and move to new highs. Don't expect this to be very different, the sky is not falling.
Appears the only thing holding up this historical underachiever was the possibility of a JDSU deal. Now that there is noise a deal may not happen until the 3rd quarter the stock is falling apart.
Valid points to some extent, but when statements are made like that with teases as to time frames and months pass by without their substance coming to fruition there is pause for concern. The statements were ill advised and were not helpful and without doubt many are frustrated and are taking profits.
since we heard "days, weeks months ahead" from Kirk regarding partnership news.
2 months since Lewis and "soon"
Perhaps the time has come to deliver on these statements.
Thank you for yet another rambling post devoid of fact or merit.
"Factual errors"? How about you first sentence referring to a "pump". Where is the pump and who is participating in such a concerted action? You provide no facts as usual for your shallow conclusions. Rather than a pump you have investors, including some of the most successful ones of the last ten years, investing in a company with groundbreaking technology and a partnership with one of the world's best
cancer research centers with the likelihood of near term announcements of partnerships with pharma or big bio. There is nothing wrong with expressing contrary opinions to the prevailing bull position but these incessant negative posts lacking substance add little to the discussion. Perhaps it's time you get on the right side of trade and realize it is not about where you start, but where you finish.
2 months ago we heard "days, weeks, months ahead" from Kirk.
About 6 weeks ago we heard "soon" from Lewis.
Not sure what is more impressive the performance of the stock or the patience of its shareholders.