Noticed that too (that it was up to 6.50 yesterday pre-market). Thought it was going to be a big day, then it sold off (guess it was just following the overall market, which got crushed for nearly 300 points on the Dow). Now down a full dollar from that pre-market price from yesterday---gotta be a good buy at this level.
Okay thanks for the tip pal, lol. Why would you care if a stranger on the board lost money? (obviously you wouldn't, you have an agenda are just trying to scare people into selling). And bringing up "support" is a little silly----not too smart to trade drug companies by the technicals. It's the news, developments, approvals that have the final say. A stock could have the greatest looking chart in the world, but if it doesn't get the approval it's gonna crash!
And now down .30 today on management shakeup. Not sure it's necessarily a negative development---some investors just get spooked on instability. Could actually turn out to be a good thing. What was so special about the previous regime anyway?
Over 40K in first 20 minutes---to put this in perspective, the last couple days it has traded barely over 100K for the entire day! (and up over 2% on a day that is a bloodbath for the overall market)
Only an idiot would be short here. The chart is spectacular, and the volume has been huge the past few days---always follow the money/volume! (the institutions/funds always know first)
In the post right below "Big move higher in the cards" you were long (and that was only 20 hours ago). So now you changed your mind today? I know there can't be 2 different hogan516 posters (spelling is exactly the same).
Is he always this wrong about his stock picks? Or just one of those paid bashers that no one should pay any attention to anyway? Could you imagine a newbie that didn't know any better? You would be wiped out listening to his very unsound advice!
Dude I am in NYC (the only city that really matters for trading) and the so-called storm is over---we got a couple inches, no biggie. ZERO impact. Every person made it in with no issues.
Probably a good safe entry point here, no? Obviously it can't go down every day, so thinking next week we should see a healthy bounce as it's way oversold now. RSI is nearly in single digits now.
But in this case it would be just the opposite, as the insiders that knew this stock offering was coming had been selling for the last week or two. So now that the news is out this morning about the offering, it's time to buy (same concept--this is old news to the big boys that are "in the know").
It takes time to set up the deal with the investment banker. As long as it gets priced around $6 or so, everything will be fine as it's all priced in now. You've heard the old saying "sell the news". This is the same concept but in reverse, so in essence you are buying once the news that was good for shorts comes out. Finally, all the risk is out of the stock for awhile--check this board--people have been speculating about a secondary for weeks, which obviously would have depressed the price.
Absolutely. The insiders all knew. Look at the volume--over 200K ! It has only traded over 200K one time in the last two weeks. This has been in the works for awhile. The stock has been down 7 of the last 8 days in advance of this, and the only day it wasn't it was flat on a monster day in the market (when Dow up 300 yesterday). Also, keep in mind it has sold off from $10 a few weeks ago to 6.34 today. Why do you think it sold off 40%?
Remember it well---bought some more this morning. Delayed reaction, but volume is spectacular and up 11% thus far as I type.
Holly Molly is right---spectacular earnings. Was just thinking the other day that I see Viggle commercials all the time just by accident while watching TV. Obviously they are working!
After volume lightenend up in the early afternoon, the thing really exploded beginning about 3:50pm. Got up to 7.62 before you could blink (from about 7.20). How should we perceive this? Somebody sure wanted in before the close---could bode well for tomorrow (if somebody knows something that is not public information as of yet).
Is that legal? (since somebody mentioned "manipulation" below). Good to hear it will eventually go back up after they unload the short position--thought something looked odd today.