I see lots of Lawyers and law firms lining up for the feast to drawdown on Zalllcus insurance protection plans. For me I want to see who sold two to three days before last Friday that were related by blood , business or friendships to Z. Is there anyone out there that believes it was just one of those things that they reported some "good news" on their other drug just before the release of bad news today? As for shorts, there are people who make money pulling gold from dead people teeth.....shorts are just below them. JMHO
I have been selling and buying stocks for over 40 years, I am not pleased with the stock action today. The volume is very good and the news APPEARS not to be bad. Yes you can say shorts are selling but this stock should be showing results of buys also. I never trust any company management team in keeping bad news from friends, family members, large funds managers and etc. They have ways to get information out without saying much. I hope am wrong this time but being down 6% today is very strange to me.
This is a big deal because Kirk is limited to when he can buy and sell stock. He can't be a day trader. You have to have some real faith to put this much money in and lose some control on selling. I too like what this seems to mean.
I truly do not understand why you would own 120k shares of this stock or any Pharmaceuticals. I have shares here and half dozen other med stocks. But no one knows for sure a stocks will be approved. I have had a few that were (sure things) and failed and some that were called DOA but rec'd approval. If you do have million dollars now in this stock you should seek some real help. I have read remarks from people who have lost everything in these stocks wanting to take their life. I will only say Good Luck.