I have sent email to IMGN asking if the statement is true ("Roche radically re-engineered ...). I have asked IMGN if, in the event it is not true, if they are pursuing legal action against AF for libel and if not, why not. I suggest all investors do likewise.
I find him annoying also, but I don't have him on ignore. I consider him to be a valuable contrarian indicator. I'm feeling pretty good about IMGN today. As long as you're not short or a day trader, today is only a blip on the radar. And if you are a day trader, hopefully you managed to sell near some of the highs and buy back at the lows.
I own some shares via UBS and every so often they try to con me into selling them. Usually right after a big price drop and/or right before a big spike up.
I think they are crooked to the core. (I will eventually move that account, but it's not an emergency. IMGN isn't the only thing they've been jerks about.)
God bless your wife and all loved ones. I hope it's a win-win for you - health restored and a good investment.
I believe they sell a few shares during lulls in trading to try to walk the price down as much as they can in order to lessen the pain.
Any trading experts out there who can verify or refute this?
I agree that Lambert is IMGN. When I attended the shareholders meeting years ago, he was the guy who impressed me as knowing what was going on and where they were headed. I don't know if I'd want him as President or CEO. I'd like him to be focused on the technology. But I certainly think he should be paid as well or better than the CEO. JMO.
And yes, STOP diluting, fer cryin' out loud.
I'm watching the trading on Level II. Shorts panicking? I see lots of trades for 1 or 2 shares. Who buys 1 or 2 shares at a time? Short interest has actually increased in the last month. I'm no trading expert, but my guess is that they try to hold down the price by trading a few shares at a time during slow trading windows in order to walk the price down.
I went back in 2000 or so when the stock was at its peak. I thought it was interesting to meet the company officers. Meeting someone in person, you get a feel for how excited they are about the company, their work, the product, and/or the stock price. It's not always easy to separate them, though. You get a sense of where the focus is. At that time, with the stock price high, there were quite a few excited investors, including some from this board, and it was nice to meet them, too. There were many different perspectives and that was a valuable learning experience for me. YMMV.
In terms of how worthwhile that is, you have to be the judge. To me it was an educational experience more than an "investment."
Those who were in for a quick profit have come and gone. Those who are in for the long term are not willing to sell at this price. Since it's near the annual high, new investors are wary. JMO.
That might make a near term difference, but they can't hold the stock down forever. It will just make the short squeeze tighter when it happens.
I hope you're right. It's nice to see some longs from many years ago still here. We've endured the manipulators and board disruptors for far too long. I'm looking forward to a nice run now that we've got FDA approval.
8.5 M shares short on 1/31. So they can't all have covered yet. Plus I assume that not every share traded was a short covering.
Sentiment: Strong Buy
Yes, I've had similar problems in the past. I've also noticed that when I try to look at the stock price graph on Yahoo, it sometimes refused to plot. So I've tried with a different stock and no problem.
Exceedingly curious. Makes me think there is someone within Yahoo that is messing with this stock.
This has been typical of this stock. When there is a stock offering, the price goes up rapidly so that the buyer can take quick profits, then we settle back down again.
We should soon find out whether $10 is a psychological ceiling or a psychological floor. Hoping for the latter. Short squeeze would be real nice right about now.