That hasn't been confirmed ... autopsy just finished! You really shouldn't speculate until facts are in. He suffered from degenerative hip problems and was taking pain medication in lieu of surgery due to religious beliefs. I suspect that's what did him in ... we'll see. In any event, a rare talent!!
Agreed ... always happens on buyout candidates on Fridays! Humorous. But, they often short it back down on Monday if/when no news! Risk/reward favors longs now!!
What are they up to? IBB turned and we're still deep in the red on no news? BLAH!
Thanks for SGYP, horse! Watched it for awhile, but didn't pull the trigger until the pull back after the FDA news the other day! Looking good and volume is still strong. Large float takes lots of volume to move the needle, though, so it might stall out ... holding, not trading!
I don't think it is interesting ... it smacks of someone pulling strings on both ends and making $$ at the expense of newer investors who get spooked by the moves. It invites traders to be sure.
I heard there was either a target upgrade or reiteration this morning ...PT $10? Still checking ...
Big deal ... why pump the BB? They've also owned a few dogs. There are plenty of other "bigs" that have obviously been buying in. Stop with the BB!!!
Biotech has been more "in favor" and the ETFs were up today despite the broader market. As long as that is the case, we're golden!!
Agree with your overall assessment, but the way in which this happened today was unusual ... or beginning to be run of the mill for CPXX? MMs running stops OR it is being targeted for such.
algos had nothing to do with this orchestrated raid today. IBB and biotechs were all holding gains and/or breaking out. This was CPXX specific! No conspiracy theory here ... just a fact!
Ah, "wally" ... take a look at the day's action and tell me that is normal trading? "Someone" ran the stops!