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.
Yeah, well part of the problem is that not all receptors are internalized. if herceptin was working because of adcc, when you add a cytotoxic bomb you then are counting on the her2 receptor being internalized and the bomb being taken up and it's a gamble as to which ones will be internalized.
I busted out my paycheck and got another 1000 shares. I'll just keep on buying as it goes down until NAVB gives me a reason scientifically that they aren't the best.
Well, for what it's worth I'm still holding on to all my shares, including the ones I picked up at 16.08 and all my october 15 and 17 options. I agree they could mess this up, but until they miss it up on the eve of the 16th i don't think the market will go down significantly- we'll be right back to where we were before on wed of last week. If we do get a deal over night, we're golden.
hey yankee, why do you see 4.00 as the lowest? What if the drug is never returned following the halt? And after doing a short bit of research, what if inclusig is pulled for other indications?
nice call, looks like it moved down from 4.6 to 4.3 since you made this stellar call. Big money isn't picking this up.
actually- if you are a seasoned trader, you are already staying away from this.
This is a good question and i think that if it were clearly going to bounce you'd see a trend upward today. I don't have a position in ARIA but I'd like to establish one if I thought there was a bounce. However, I think that I'm going to wait a bit- there are a lot of people out there on the margin that just got destroyed yesterday by the fall and I expect that they will be forced to sell tomorrow or monday.
The past few days have demonstrated some real strength. I was surprised as well at how far IMGN fell today. It looks to me that we've found a good floor at the 16.90 area and i picked up some more shares at 16.77.
I've seen this on the most contentious boards (tesla, affymax, etc). I have stopped posting because it felt useless, but then again, isn't that a win for shorts? I'll be checking in periodically to see if there's news but I don't think I'll be posting.
I thought that they wouldn't be making much money prior to the pass through? I would be surprised to find that they were getting paid for LS right now, as I thought that Cardinal was giving away LS for free right now. To see that there are sales would be tremendous but I don't believe it. It's more likely that it's an error in an offhand statement- that he took the end of quarter number and added the current +30M to it.
What's the deal with the conference that roche is presenting at this weekend? From the title, it looked like it would be less about the financials and more about the science. Is there any truth to that?
I'm quite butthurt today over imgn. Its performance was less than stellar while everything else i had was green.