Yeah, calls and puts are split between $16 and $15 respectively. As the week moves on, the Calls will drop to $15 as well and so will KERX. I will just kill another months worth of gains. But I have a plan. Sorry can't share. I've done too much studying to just give it away.
How about the $0.90 pop that happened yesterday. Even though it didn't last, don't you think the run is over since it was in response to the news about CKD in the first place?
You are clueless and have no idea what options are and how they are fixed to make people that invest in them lose money. We stay in the upper $15s most of the week so they can walk it down on Friday for the expirations on Sat the 22nd.
JJA calls for another secondary here, I'm unloading. See, both posts are just worthless words that mean absolutely nothing. Why waste your time?
That's yesterday's news. The stock is done for now. The target price you state was for approval, not the BO price. You are mixing words to suit your cause. You probably bought in in PM the day after approval in the $7s and can't catch a break huh?
We know and if it's not next week, it will be the week after that. Eventually you'll be right. People know the story here. The stock is tired and there is too much time for people to get caught long when the PPS really wants to be near $15 for awhile. MGM has already let us know that this a great time to buy more and hold for a few months.
Newsflash, why don't you go to that MB and listen to the people that actually trade the stock instead of wasting your time on this board.
Way to go out on a limb with that BOLD statement. The trading range has been low $15s to low $17s for weeks now. If you look at the 3-6 month chart, $16.60 to $15.40 is the optimal get out/in range for now. For that reason, options will most likely be priced in the $16 range so they can move them at the last minute with very little effort to make them expire close to worthless. That's what its all about with the MM and options. They made them as an investing tool just to be able to screw people out of profits they think they have.
And you believe that he is in a meeting and not just a tad to busy to take a call from a shareholder that up until a week and a half ago was completely un-invested in his firm?? Why would you think he would take your call and don't hold your breath waiting for him to get back to you. If you already know the information why do you need the CEO to say it again? Sorry, no brownie points awarded on this one.
here's my take on Wedbush's comments. Why did they feel the need to come out and say what they said? Why you ask, because the stock was drifting lower ever since approval a few weeks ago but it wasn't dropping fast enough for some; enter Wedbush. the MM get a firm who has some cred and compensates them to reiterate a comment they made in the past to stir up the pot. With this, new investors wanting to get in and make a few dollars without really studying the facts, blindly jump in and hope to make a $1 or $2 in a week. Once the news is out, the shorts come back and knock the PPS back down and continue to make money. They get these new investors #$%$ off that there sure thing backfired and they give up to minimize their losses which allows the shorts to take the PPS even lower. They know the game and how to play it. Don't get sucked in to these 1 liner statements that have no backup article to them. They get paid to make a statement (which is all opinion) in hopes to move the stock price. That they did. Answer me this?? If the news was so good yesterday and it was legitimate, why would the PPS drop today? Why wouldn't it continue to go up. Because it was a trick or a ploy to steal shares. My next buy order is $5. If it gets there, fine, if not Oh well. I will not chase stocks like this that can move 15-20% in a day on a one line statement by a nobody. Do your homework and understand how a stock should trade before it actually does. It's hard and will take time but it will be worth it in the long run. Caio
Just checked the 6 month trend line and we should see a bottom about $14.10 so we are almost there. Even if we break the trend the 100 DMA is right below at $13.80. That would be a 20% correction from the 52 week high and will surely lead to a quick recovery. I feel we have about two more weeks down here to complete the drop and than it's up and away. Gotta find some more cash at these levels. Bargain basement prices.
Shorts are throwing everything they have at this right now to break this down below key technical levels. There is no negative news, earnings will be uneventful this week, options is not for a few more weeks and this is shaping up for a sharp "V" type recovery back to $16.50 level within a three day time frame. Just don't know when it will start. My guess is early next week. Most people that were looking to add did so last week between $15 and $15.50. No long powder left so low volume shorts are walking this down with little resistance right now.
So many people on this board think any PR announcement will make this stock rise and make them millionaires instantly. They need to get a clue about how things work with bio-techs. How's that PR working for you now? Rich yet? The gap up in PM has been closed and is shown the news to be worthless. People think press releases like this are noteworthy and make you all kinds of profit. Don't spend it all in one place!!
And what press release are you referring to?? Jeremybates15 makes large profit in KERX, everyone bow down and pay homage. Does that press release work for ya??
I pass many e-mails on to others w/o reading them. Don't be so sure he read it. That was just to make you feel important while me e-mail will do just the opposite.