Is Morgan Stanley next?
Leerink is low on their target, but sill implies 50% upside from here. And, if the company delivers on progress, 50% is very conservative.
Yeah, and they may still want more, or they'd let this run a little. Have to admit, I'm a little disappointed that there was no follow thru on a green market day!! The old fast out of the gate only to fade all dang day!! Those 2 million shorts may be harder to shake than I thought. I suggest they think about it before some of the upcoming conferences. We ran hard after the lung results last Spring.
I think it is human nature for longs to resent the strictly monetary motive of shorts, as it often works to the detriment of the company, particularly when it is in the healthcare sector. Longs buy in because they want to make money as well as often having a vision of helping people, at some level. Personally, I've never bashed a stock nor have I shorted a stock. It's counter-intuitive for me ... if it's all about making $$, so be it! The market does need shorts to be efficient, but I'm not one of them. Just continue to buy the lows in companies doing all the right things.
We've got close to 2M shorts in a stock with an already low float, 3M shares churned sub-$6, so some of those fell into stronger hands, I'm sure. Where will the shares come from to cover? Might get real interesting. I think they may have stayed at the trough too long. Kind of depends just how irritated mgmt. was with the likes of them. I feel like the fuse is about to ignite?
GLTA who hung in!!
Mgmt sent a shot across the bow to the aggressive shorters here. Now, there is a decision to be made by them. Drive it lower and mgmt. steps up again? That would be like "double secret probation" and there WOULD be a short squeeze! "Do you feel lucky, punk? Well ... do you"?
It is also pretty impressive when a salaried employee ponies up 33% of his annual salary for shares!! That was followed by two more insiders buying!! Sent a pretty clear message!! Well played!!
ILMN would be the acquirer if it were to happen ... not yet! And, once adopted and eligible for reimbursement, $20-25 would not get it done!
Apparently, the news hit about 2:00? Boy, this is a first class mgmt. team! They KNEW this price level was INSANE!! They have raised money judiciously and in a timely manner, they are clicking on all cylinders reaching out with the pilot program. I'm in it because of them ... and the technology, of course. But, I have seen good science flounder under mismanagement. NOT going to happen here!!
Just got home, and color me PLEASANTLY surprised! Nice reversal and another million plus day. That makes about 3M shares changed hands the past two days! I think that may have been the capitulation I was looking for the other day! A long way to go, but it's a start!!
Both XBI and IBB bounced off their lows. Time will tell ... I have to leave for the day, but it's safe to say, I think, that I won't be conducting any more bottom fishing expeditions today. Hold 'er steady, boys!!
OT-ZIOP lost nearly 40% in just a few days ... RSI was about as low there, as here. Scooped some at $9.90. FWIW ... take a look at it, if you are so inclined. Connections and interest by Merck and MD Anderson Cancer clinic.
For some odd reason, I am feeling a little more optimistic today, actually. I'm saying we hold $5!!! Just don't know how fast the climb back up will be. Stairs UP, elevator DOWN! Boy, you can say that again!! But, you don't buy into biotech if you don't have a strong stomach! I mean, look at some of the others, CEMP, for instance, it's had several 10% round trips in the past couple of months, alone. I got in there at $13 and should just have HELD all my shares instead of getting too cute by half and trading in and out. I'm staying put in THIS growth stock.
Agree, pepsi. However, the "last" time they didn't have results like they've had and they didn't have $77M in the lockbox! ;-) Not asking for miracles here because the whole market is stinking up the joint ... just a little vote of confidence to stabilize. I can wait!!
Aren't markets about 10% off their high, already? Biotech, even more? And, gee ... TROV has pulled back 50%. I don't think anybody could make the argument that TROV isn't better off than the last time we were in the low $5's. Crazy!! And, if TROV is held in the ETF's, that, in and of itself, is funds selling?
China better be careful ... I think they have more to lose here than we do.
They are so over-shorted that some smart shorts have to be taking advantage of the China twist! Hope they take a clue and follow suit here. Stabilizing would be a welcome respite, at this point! Once that happens, I hope to add my last shares, but I'm saving a little ... just in case! ;-)
How about another "collaboration" or partnership? Sign on another high profile clinic? Analysts will almost have to come out and defend their calls ... way too late to downgrade on a pullback like we've seen. No way this is "overvalued" here!