I wouldn't be surprised. Yahoo boards are the realm of superstitious traders trying to manipulate sentiment by pumping and bashing.
There are some investors though. I haven't sold a share of my holdings. I've only bought more when FNMA dips, my last purchase being at 3.65 after the fall from 6. wish I could have gotten some under 3 when it briefly fell below, but you can't have everything.
I don't think trading this is a good idea. Those who are steadfast and hold their shares will be able to live off the dividend once it's reinstated.
selloff has nothing to do with THRX fundamentals. on the contrary, based on fundamental THRX was already undervalued, and you will notice many of the major holders of this stock are in fact value investors.
stock is dropping for the same reason all other stocks in the sector are dropping: technical traders are moving in for the kill on the bio sector. join this with a choppy overall declining market such as the one we are in right now, where day traders and short term mentality traders ensure constant extreme ups and downs, and you get havoc like the kind we have seen recently.
many traders are selling and shorting based on chart indicators for the bio index. I know at least three big traders who were talking about bios topping based on the chart and who were taking positions in the bio ultra short fund right in time to catch this whole down wave. I am a long investor and I research before I invest so that is not my game.
shorts are already getting nervous, because the sector has crashed much more quickly than most anticipated, and they will begin exiting their positions. nobody can predict the market and often shorts themselves are the most surprised when their positions start paying off big so quickly.
bios rise mighty quickly once buyers come back.
just another reason not to try to time the market. soon enough this move will just be another blip on the chart.
of course all bets are off if we enter a bear market, but I don't believe that will happen right now.
still too many trapped longs in this stock since the previous waves down and Tivozanib crash
trapped at 14
trapped at 10
trapped at 8
once they've all given up the action will begin here. just lock up your shares away and forget them. this is not for the impatient, typical yahoo trading in and out mentality won't work here unless you're buying and selling a few hundred thousand shares on every penny move. glty
gsk is and always has been a major buyer. they are required to register their activity and their activity consists in repeated purchases.
THRX has moved a bit lower than usual on this latest dip and everyone with an interest in this stock is well aware of it. Know what that means?
hold onto your hat when we begin to move back up.
I haven't followed your story so I don't know when you bought and sold. Whats your cost basis now?
3900 is nothing to sneeze at. When the dividend is reinstated you'll be able to live a comfortable existence somewhere in the third world with your dividend income on this stock alone.
Early retirement coming your way soon, I suspect. glty.
Baird analyst Brian Skorney has increased confidence in the potential of Theravance Inc. (NASDAQ: THRX) Anoro following randomized COPD studies. He reiterated an Outperform rating and price target of $44.00.
Skorney commented, "With positive results across three studies against either dose of fluticasone propionate/salmeterol, Anoro continues to build its safety and efficacy profile against key competitors. Aside from the advantage Anoro has with QD dosing, we believe the demonstrated superior efficacy to Advair adds further differentiation in the COPD market."
THRX is at a great price now for patient watchers with cash to spare.
Don't think I can buy any more at the moment now. THRX is now officially my biggest position.
This one is probably going to take some time to show profits. So it's important to keep accumulating when it is trading at levels like today. But we could very well reach biotraderman's target by year end.
Higher sooner is GSK steps in, of course, but GSK is inscrutable. who knows when they will make their move. at some future point they will buy THRX though, which is one more reason not to let oneself get shaken out here.
traders will do the best to try the patience of shareholders. they want as few of us left in this stock as possible when it makes its major upward move.
keep buying while things are still quiet - while you still can!
Sentiment: Strong Buy
Thanks for the cheap shares, helbs.
Appreciate your recommendations on CALL and SVA. But no interest when I can keep buying SNTA this cheap.
people aren't talking about euphoria; I'm the one who was talking about euphoria in my previous post, which I'm sure is what you are referring to.
This is not the ground floor. The ground floor was in the 3's a few short weeks ago. If you got in then, great. But this is not the ground floor, so why spread misinformation? This is high up a parabolic curve. I said 150% previously, but as of today we are up 163%.
Maxim's motive is most likely that of most groups that set high price targets - they bought at the low, and want to unload some shares soon, at the highest price they can get.
You're pumping this hard. No stock is a strong buy when it is this over-extended. I don't care even if you have a strong conviction this is going to go straight up to 20, you know the reality is it could crash any day now.
It is extremely misleading to call ANY stock a strong buy after a 165% move in a few weeks - because though the future is unknown the risk is much much higher than reward.
I believe anyone calling HART a strong buy now is pumping and planning to unwind soon, or is already in the process of slowly unwinding part of their position.
fair enough. but fundamentals aside (and we dont even have any real news yet) a move like this is, in most cases, unsustainable. there are exceptions of course. but if HART isn't one of those rare exceptions, the euphoria and buy recs here are going to end up trapping a lot of retail investors. where was maxim when HART was trading at 3 something just a few short weeks ago? TSLA went parabolic last year from 50 and held most of its gains, but look how long it had based and done nothing before that move took place. I thought you called for a downturn too soon when you originally sold and called for a return for 4, but now you are one of the few voices of reason here because at least you sense something is a little bit off on this price movement!
Selling something once it has gone up is not what I advised. Like I said, I have kept the shares I bought at 4.
What I am advising is not to buy after a 150% parabolic move. It is the ultimate high risk entry.
Look what happened with PLUG as an example. Or on a longer time scale, look what has happened to DDD since it went from 50 to 90. (That is one which took much longer to make its move, but observe how much more quickly it is giving it all back.)
I guess if you are ok losing 50% + of your investment in one or two days, should this start to sell off, and you have free cash to double down in that situation, you're fine.
But the pumping on this is getting crazy. I noticed one poster here even said HART has a "great chart." Total madness. Look at the PLUG chart to see what a "great chart" like this can suddenly look like after one day's sell off.
All internet forums now are flooded with HART pumpers saying buy buy buy (except for the one lone manic short spammer on this board today). That is not a good sign imo.
Are you crazy, man? Buying at 10.65 is completely inadvisable.
Let's put things into perspective here. This stock has made a completely parabolic move in a few days, going up %150 on pure speculation!
Buying at these levels as risky and inadvisable as selling was as soon as this stock started to break out.
Most stocks that move like this have a MASSIVE and very unexpected sell off when everyone has piled in and is least expecting it. That is the time to buy more, and not a moment before. If that doesn't happen, so what? You need to have the courage of your convictions in the market, not waver back and forth.
Mylkveed said in his last post that he just bought back his entire stake he originally sold. That makes me think he just might be part of the pump and dump he originally claimed was happening in this stock! Originally that guy said he sold everything and claimed the stock was going back to 3 or 4. Now he is buying back his whole stake after a %150 parabolic move on pure speculation?
No way. Either people on this board are part of the P&D and trying to mislead you, or they are just making foolish decisions. I own the shares I originally bought at 4 and I will not buy a single more share unless there is massive sell off in this name. If it goes straight up to 100 and never looks back, so be it. However, it is far more probable there will be a huge sell off and it will take everyone by surprise, and a very large number of bag holders will be created here.
Really it doesn't matter if this is a P&D or the best thing since sliced bread. There WILL be profit taking.
The most important thing about investing is having the courage of your convictions. If you sell thinking a stock is going to tank, then stay out until it tanks. If it doesn't , find another stock with potential and wait for it.
I think buyers at these levels are going to be in for a very unpleasant surprise. You are getting mesmerized by the upward curve of the parabola and losing perspective.
JMP lowers price target from 14 to 10
BMO lowers price target from 5 to 1
what is this, a new chapter of fun with random numbers?
are these guys analysts or crack smokers?
I think it may be time for wall street's finest to put down the pipe and learn how to properly value a business
Sentiment: Strong Buy
is to look at the comments on that stock twits stream and see how quickly they change.
at levels where SNTA is an amazing buy and people should be piling in, you get a bunch of cautious comments and posters saying things like "not in yet, watching..."
then when SNTA has a huge one day move you suddenly get a flood of posts from names never before seen in the stream, telling you how they own 50k shares and are going to retire tomorrow.
funny stuff, but educational. just remember : buy big when others are "watching" and voicing caution.
I bought some more during the "standard afternoon flush." thanks for the heads up. might have missed a nice discount if it wasn't for your public service announcement.
what were you worrying about? making more money than you could ever imagine? having too much money than you'd know what to do with in a million years?
you sold it all, didn't even leave yourself a fighting chance to ride this raging bull!
but hey, who knows, maybe we'll all get lucky and get another chance to buy HART below 7 or even below 6. Certainly that's what a lot of sellers (and perhaps disguised shorts also) who post on this message board are hoping for.
I've got my buy orders in. Come on, fickle market, give me some cheap shares!
it's dropping so smart people like you who know it's a 60sh stock can buy more at a discount from fools like them who think it's a 30sh stock.
the question is: are you taking advantage of the opportunity or are you letting those 30sh theorists scare you away?
Asking Seth is a great idea. You could also contact Iridian and ask them to share your research with you.
If these two are unavailable for comment and you can't get cozy with any of the top level insiders (the only people who REALLY know what's going on) you're just going to have to roll the dice with the rest of us addicted gamblers here in the Wall Street Casino.
good luck to you whatever you decide and don't forget to review greenblatt's book if you still have doubts
I used the recent sell off in the biotech sector to add large to my position in SNTA and almost double my position in THRX
well, here's the thing.
HART had already moved up from under 4 all the way up to 8.70 before "superman" recommended it.
I think for a pumper he's a little late to the party.
You probably need to present a better argument for why HART is going back to the 3's. Not saying it couldn't happen. But then again it could also go to 13. Nobody knows.
As an aside let me say I don't think I have EVER since a stock go to a price target called out on Yahoo message boards.