Read all 64 pages. It's a hatchet job. The report speaks for itself, I recommend you read it in its entirety. It's a pig with lipstick on it. They even data mined emails. Did you read them. These people have no idea what they're talking about. They've tried to turn anecdotal evidence into scientific evidence with the use of data mining.
Example: someone dies and the only drug they were taking at the time was Linzess, they conclude he died from taking Linzess. So, let's run with this thinking. Let's say I die and the only drug found in my body is aspirin. According to phasefive I died from taking aspirin, and aspirin should be pulled off the market. Really? The whole report reads like this.
Once they make their great leap of faith by saying anyone who dies while taking only Linzess died from taking Linzess, they then simply refer to the many deaths caused by Linzess.
All trial lawyers know that if you repeat a lie often enough it somehow "becomes" a fact. So if you're plaintiffs attorney and your client is lying, you have him repeat his story as many times as possible so it becomes a "fact". If your cross examining someone who's lying, you never ask an open ended question that gives them an opportunity to repeat their lie.
They make erroneous conclusions in the article based on anecdotal evidence and simply repeat their conclusion over and over again. I recognize the technique. It's a vicious short article planted by someone who intended IRWD harm. I wouldn't be surprised if someone gets sued over this.
If ALLERGAN wants to buy us, this has nothing to do with it, unless they are so warped as to try to kill Linzess so they can divest themselves of Linzess more cheaply, as IRWD gets a chance to buy allergan's Linzess interest. It would be crazy for them to do this if you ask me. Glta.
Must admit the musical chairs being played in Trov and Sgyp are upsetting the status quo. Much easier to tell what's going on with shorts than the company. It's always been that way. Add that hatchet job by phasefive to IRWD and I'm really confused. I'm a science guy and reading the phasefive report was shocking. Not becasue it was bad for IRWD but because of the logic used in its pages. They tried to make a scientific argument with basically anecdotal evidence. Their data mining is just a hair off anecdotal evidence. It's a sham. No one with a scientific background would even give it a full read I would think. And the FDA would never pull the drug based on such slop. But who did it and why? Who's attaking them? I don't know.
Now our new CFO resigns on two day notice. I asked myself, if my wife were diagnosed with cancer would I just walk in and quit my job with two days notice. Probably not. I'd wait at least a couple of weeks. Let it all sink in, and then make some career decisions. But I wouldn't walk in and give two days notice. I doubt speculating will help either. We just don't get to know what's really happening. But it's been wild lately. Hold on longs. We've simply got to get some clarity soon. And it would be nice to get some before the world blows up. Glta.
Nice post. Really thought the MM was going to run this to $7. But every time he tries the company drops some bomb on us, short opportunists immediately dump 500 - 750k shares on you, and you're trading at $4.68 wondering what happened. I thought they were going fo a buck but they brought us down a buck and a half. Probably still a $1 short for them on average cover price for shares - they will cover some at a higher price and average their basis with those they sold lower. That's assuming they don't get nastier.
Minn, glad your DD led you to sgyp. Also a very manipulated stock.
I have a very different way of viewing things they days as a trader. For example, most I'm sure feel that the company made a bad move and lost an important asset to the company in Possard. The market reacted negatively and selling brought the price down hard. Natural as the market rates to the bad news.
Except none of that happened at all. The second the news hit certain short hedge funds perceived it's negative implications, they immediately phoned their brokers and borrowed 500k short shares. The dropped it big in premarket on nothing, then dumped about 300k shares early to drop it big again, covered some, but threw them right back at us by selling them. That was the second big downturn after a few runs to 5.08 where they bought shares to throw back at you.
Anyway, I don't really think any longs sold at all or tutes. So "Mr. Market'" actually did nothing but hold. Despite the bad news and losing Matt is not what anyone wanted but I understand his disappointment. The company is transitioning to a sales focused company that does research too. Clearly the board thought that although he did his job brilliantly, he did not possess the skill set to actually run the whole company.
The selling was all a short attack on the news and the big market helped. If you rad twits a huge number of guys that follow WOLFSTREET all got stopped out this morning. Back to waiting. Glta.
Wow. Swooped down and took everyone's stop losses to $4.77. Think you're safe setting stop loss just under $5. Not safe. Shares gone. Shorts win this round.
Wolfstreet boys all got stopped out. Stop loss trades never work here.
Man, killed our run. Also using the IBB to help. I guess they'll keep it down until they finish the bulk of their covering and then cover out on an up move when they've finished selling their short which they're using to keep it down now.
I tried to find the royalty rates they're paid and had a lot of trouble locating them. In certain corporate filings they say "mid teens" for Canada and Mexico. But can't find the royalty rates for Europe Japan and Constella. Should expect them to be higher, but simply don't know. If anyone can find them let me know, I'd appreciate it. I have always supported Linzess. They are our proxy. The better they do, the more our drug speaks for itself. The more awareness they create with DTC ads the better. Most importantly the GI market is in its infancy and growing, which is why I think we will be in such demand. Consider, if you sell a pancreatic cancer drug how many more people do you really expect to get pancreatic cancer next year? Not many I would assume. And they're all being treated already, so the only way your can get your foot in is by being betters somehow and stealing market share. Not so with GI. Linzess is growing sales as awareness grows. The market is expanding and they're filling the need. I like the space.
We're the dog food company company of pharma, we make you poop. Not sexy like curing cancer. But if you've got a dog like me you know that it "it ain't cheap to feed the dog." Dog food is a multi billion dollar market. If you've got a big long position here, you also can sleep at night not worrying about some one in your trial having a heart attack and them halting all trials and the stock going to zero. We're effective and we don't kill you. This is good. Not even stystemic. Yes.
The chemistry here has aways been very good. When it worked well in phase II you just knew it was going to work for everything. And it has.
Nice to be green again. Let's see if we can drag this tub of lard up to $4 before we get hammered again.
Yes. Gary has been a director for TROV since 2009 I believe. Has about 150k options left. I've been swinging Trov for a while now. Low float, so it moves a buck or two on moves. Another Cerrone company, like Ctrv which I also swing. Trov's PCM platform is brilliant. Looking to go long there when SGYP finally sells. Low $6's is high to get into Trov for a swing, but it seems to pop to $9.50 once a year. This may be the time. Need to get my kid a new car so I hope this is the time. Ctrv has been my best swing so far though. I buy 10 - 20k shares at about a buck and sell for $2.20 on pops. Some early HepB trail results coming out of Thailand soon (June?). Load up, anything under $1.10 is a good price. Stays at its highs for 20minutes before they announce the cash raise, so you have to be very agile to exit high. When I have a swing position established I check it every morning to see if it's going to run. It's usually over by 2:00 o'clock, just in time for a late lunch.
Name calling is a rhetorical device. It's what you say when you have nothing left to say but won't admit you're wrong. Your writing is as vapid as your trading skills. Again don't care what you say, just don't ruin the board for everyone else. Wait for a flag to pop on your little short trading program, it's your best chance.
No it not a public board. The government doesn't pay for it, Yahoo does and they throw people off all the time. Don't bother reporting shorts because when booted they just get a new ID and do it all over again. They have no regard for rule of law, like Isis. You see wher that leads.
Your right to raise your fist in anger ends at my nose. Your right to post ends when you spam our board. Free speech doesn't mean you get to run around with a megaphone all day turned to ten. Can't even talk during a movie or they'll throw you out. Why? Because you ruin it for everyone else. I know it's hard for a narcissistic kid like you to understand, but there are other people in the world besides you. They might actually have something to say, if not to you then, to someone else. The world is not all about you and your little short trade.
I do this about twice a year. Very cathartic.
I hate you not for what you say, but for the fact that you "spam" us with constant posts and do your best to disrupt other people's honestly intended communication.
I also hate you because you are wholly disingenuous. You don't even believe what you post. Just yesterday you wrote: "$3.55 needs to hold. If it closes above it, a nice breakout to $4.60 should be in the books.imo.
Yet hours later you write:
"4.09 will be impossible to break through.
In the matter of fact, the only way I see that happen is if the company gets a BO offer, noother way. You'd need about 40M volume just in a single day to make that happen. So, there. 4.09 is your upper limit, you short from there. GLTA!"
See what I mean. It's nonsense.
Don't care what you say, just don't ruin the board for everyone else.
That's just rude.
And I had to unblock you to read you. I just check in now and then on what shorts are actually saying. Always the same bs. You're not even a real short that does DD and finds stocks that are going to go down. You just run around chasing stocks in down-trends being shorted by real HFT shorts when the little flag goes off on your secret short trading program, then short them and cross your fingers.
Deal! You stay off my threads and I'll stay of yours. Seen your blocked name show up too much on my posts.
Can't seem to find when the company speaks and I've seen contradictory dates on the message board. Can someone help out and show me where to look for the date of the conference call?
Thanks in advance.
When you see covering like that at the end of the day it's usually a day trading short cover at the end of the day. They don't like to hold overnight, too much risk. As the MM sweeps up and down day traders see an opportunity to swing these channel trades for 20 - 30 cents. Day traders will buy and sell multiple times in a day. But they almost always close out their trades at the end of the day.
Was reading that some had set stop loss trades higher. This is what happens when you do that. Look at the volume MM picked up down low. Many lost shares this morning. Once again, I don't think you should use stop loss trades on a stock like this. Stop loss = loss of your shares.
Think this is the MM dumping all the shares he bought during the heavy selling down low. Once his positionreaches equilibrium he lets us go up. Just another problem associated with so much HFT selling. Someone had to buy all those shares and retail sure wasn't doing it. Chartgasm says short interest is 7 million right now. Also think shorts covered with their converted shares so never had to buy and raise the price. He's usually right. Don't think this is shorts as much as the MM,..he's got a lot of shares to sell. Just my guess.
Thanks for spamming our board endlessly and being generally obnoxious. And thanks for being wrong about everything too. You've been a big help. The fact that you are completely without remorse shows you to be a true sociopath. Can't you lose money here quietly without ruining our message board? Always certain, seldom right.