so lets see meathead, ceo bought 3 million bucks worth of stock at 305 to see it fall to 225.. Do I have more faith in him or you ? hmmmm, I will have to think about that. l.o.l
really ? and you know that how ? I don't think they trade stocks. I think they buy and hold. what is your problem The stock is doing fine. Will be in the 20's again .
you may be in for a big surprise. If stock climbs above 4 again than imo great things will happen. should it drop into 2's then something is wrong. It has steadily been climbing even in a bad market. good sign.. Needs to hit thru 4 again for me to be more than 50/50 that good or great news on the way. Why short a $3 stock ? downside very limited , upside is very high.
i bought a position again at 1.51 just for fun. This will be $2 again at some point imo.. so i will hold for my 30% gain even if it takes a year.
you are complaining that ceo bought 22,500 shares and cfo 13,500 shares. would you rather they
didint buy any at all ? 1/2 million dollar purchase by ceo i would say is a vote of confidence.
good luck with that insane target. My target on the s@p 500 is 100 points higher 1820-1850 and that hopefully should be it.. Imo the market finishes the year strong with the dow back above 18k and the s@p around 2100 and the nasdaq around 5100.
Don't forget though BB's had many many shares of XOMA and look at how much they lost there. Not saying the same will happen to IDRA but 2 and 3 dollar biotechs are extremely risky. That is why they are 2 and 3 dollar stocks. If IDRA was as great as MGM and others say then it should be a 7-10 dollar stock now, not 3.
Im long but I understand that this is a long sot and am prepared mentally should it drop below $1.
in case you didn't know selling shares means shares you sold from a long position. selling short
means you believe the stock will go down and then you buy to cover for a profit. Amazing how
stupid some people are.