This is the first of what I expect to be several announcements before the end of June.
Someone just paid $.50 for 3000 May 5 calls.......Short scared? Good data coming?
They expire May 17th....For the seller if it is a covered write that is a 24% return for 17 days...
The fun is just starting...My bet is the data is out next week and it will rock!
The buyer has the right to buy 300,000 at $5.00 until 5/17..The seller could be long stock. Could be long another call. Covered rights are a great way to make money, but in the case of MACK a great way not to participate if 398 is a boomer. The call owned does not care about the seller's position. He just has to exercise them and the stock has to be delivered.
By the way it is a rare day when someone sells options naked. Unlimited looses if you are wrong.
In the case of today's trade, my bet is a shaky short seller wants some insurance. Usually it is a good bet to go against Bob Mulroy, but this time even he may surprise us!
The gamble here is the data is released before 5/17. I think it is a great bet.
From a TA standpoint I am a T man. But for most of us here no one cares about 20 and 50 day averages. We care about 200 day and 200 week.
I would venture a guess that someone is going to jail....The day before 398 data and someone buys 3000 May 5's for 150,000?????
Oh..by the way..Dear JK...GFY...Moron
Not to be a good sport or anything, but back on April 11th we made a friendly wager that said you did not think the stock will see $6.00 a share by June 30th. While I know you will welch on the wager, maybe we can finally be rid of you.
The results are great and the company and the shareholders will be rewarded for their patience. But I have one thought which is foremost in my mind. MACK has a fantastic nanotechnology in delivery! They take an existing drug, encapsulize it in a nanoparticle and deliver it. I am no scientist but do a lot of thinking about nanotechnology, Make a drug so small it can penetrate a larger molecule etc.
This is the part of the story that needs watching. Imagine sticking some of drugs that fight malaria in a nanoparticle and go after the sickness? I wish I stayed in biology!
I still think they are mediocre...at best. Go to an investor conference and listen to Mulroy.
They have promised a new deal for the last 3 years, Their financings suck and they burn far too much capital for a discovery entity. Other than that they are great. They bought it for 400,000 shares plus cash. How is that 10 Million? Anyway, I would fire Mulroy and the Board. Just my opinion.
Boog. Are there differing forms of pancreatic cancer where some would react better to 398? Or are some patients different? The ones from the Phase II that were walking around a year and a half later...Why? Something in the blood? The tumor?
Hey your loved ones have to put up with you...What if your loved one is one of the people who lived 2 years after the Phase II..Your are an #$%$.
Correct..It is not 398..It is the delivery mechanism..I think they can get the nanoencapsulation INTO the cancer cell and kill it from inside instead of attacking the outside...
Why? GERN is a POS...that's is one. Second MACK has great upside and you sold because you are not an investor...You try to be a trader and I do not think we care as a group. Go over to the GERN and tell them how much you made on MACK and see if they give a #$%$. Look at GERN's chart. It look like wind shear hitting a 747.
Why post anything here about that stock.....???
Buyout??? Send me some of the stuff you are smoking. A deal sure, but a buyout???Not a chance and not anywhere near the present level.