Don't mistake the october option expiration for something interesting in this stock. Look at the massive 2 strike call open interest for october. Each of those options is possibly protecting a short position, and the moment they expire the short is exposed to considerable downside risk. I'd guess we'll see steady increase over the next month as a lot of covering happens- we saw it at the august or june options- i forget which- when it went to 2.00 briefly that thursday before opex.
actually- if you are a seasoned trader, you are already staying away from this.
Complete bs. no company early on would ever compare to the revenue or margins that apple, the king of companies, makes.
agreed. Saying there's a short squeeze right around the corner is completely pumping and dumping. This guy has no idea when news of whether the drug will return, he's completely speculating to pump the stock and acting like it's fact.
So it's my recollection that earnings for IMGN haven't been super good in the past year or two besides one when we got an extra 10 million 2 quarters ago. Each time earnings rolls around, it's a reminder that we get only 1 million to 3 million for Kadcyla, even if it's "going to be the next best thing" we are only getting 3%. On top of that, it seems like most people on message boards think that Junius tends to flub these things when he opens his mouth, or sells his shares, and sends the stock rocketing down.
Maybe expectations for this quarter are at an all time low and we might see an upside after friday? We've got a slight uptick in Kadcyla sales, like 69 million vs last quarter's 66 million (that's a disappointment too). We've got a bunch of other drugs but none that are close to doing anything other than burning money now. Any licensing fees? There were more drugs taken by novartis and 200 million tossed around but I didn't hear of any payments at the time to IMGN.
All that could mean that if there's an unexpected payment, maybe we'll get an earnings beat.
Please correct me on any items I've missed or listed incorrectly.
It's actually 8 different trades, spaced across a good time frame, each of 100-500 shares. In other words, it's not one guy who fat fingered it with a market order.
I see about 3 usually each day, the most is 4 to 5.
eh it doesn't really hurt anyone if his lot size is 1 share. Let him go long and short at the same time, he's just wasting transaction fees.
Cat's looking good, holding the 87 line. Who was it that was saying we should apologize to chanos? I would rather thank him, as I doubled my position between 81.93 and 82.70. I'll sell a few shares to you shorts if you want to cover a little now.
I think we saw the first sign of a reversal- it hit a temporary low at 16.28 and then reversed and ended positive on a day when the rest of the market was down. I think that shows unusual strength for this stock. I am glad to see that there's more shorts in this now, it adds better support at this point and indicates to me that we will cross 20 because of the additional buying that they will do over 18. I added a tiny bit when it hit 17.22 on the way down, and then really added today at 16.44 on the second dip in the afternoon.
I think we'll see a bit of a rise in the broad market tomorrow if the senate doesn't F things up somehow, and that will carry IMGN up.
There's easier ways to give 10 million shares to the shorts than this complex agreement with Crede. I don't buy that they took an outside firm, gave them warrants just so they could distribute shares to the shorts.
Sorry if this seems naive, but to me the most likely thing that is happening is that Crede is lending its 10 million shares out to short sellers and they are borrowing from Crede for a cool 7-10% annually and then dumping these shares on the market. It gets around the "crede can't short sell" and it gets around the "crede is selling for a loss" themes that I see, and it would be consistent with the flood of shares that shorts have been doing on and off this summer.
Boston market is my new favorite restaurant. Even before this news came out. Now it confirms it as my favorite. When my birthday comes around, we will be getting a little bit of each side that they offer.
Anyone know when they are meeting platinum next week? I'd guess they want to retain the current board, add the two suggested board members from platinum, grab the 10 million in cash, and they will accept the china partner given to them.
Wow it's like you and cybercash cancel each other out. Wait, on second thought, you are essentially selling shares directly to Cybercash. Or maybe you're borrowing his shares at 11% interest and then selling them back to him.
agree, but my counterargument is that the short side of the trade is too crowded and wallstreet big boys aren't going to let go of their shares just because of one bad quarter- even if we think they are wrong. They will squeeze and then dump after several quarters of underperformance.