Biotech continuing to be beaten like a "red-headed step-child"! We're trading like most of the rest, frankly.
$7.68 ... pretty silly, given recent offering over-subscription and price targets conservatively set nearly 100% higher. If you LOVED it at $9 ... what's not to like sub $8? I LOVE shopping for sales!!
I think those same institutions probably make up a lot of the recent shorting ... they hedge and make $$ both ways! We're just along for the ride! Buckle up!!
With all due respect rl ... I don't think it particularly ridiculous to conclude that two companies, both with high short interest, dealing in the same market segment, MIGHT trade similarly on good or bad news days. Been here a long time and I think that might be the first time I was called ridiculous.
Yeah, you exposed your modus operandi yesterday ... bash and buy! Whatever! BTW ... "nice" id handle! NOT!
Despite the markets bouncing back, ALL of biotech has been/is weakening. Buyers are few and far between ... they're spooked and it's a risk-off situation, for sure. I bought a few on the dip here, but traded them two times at the $8.50 level. Now, I'm like you ... will hold what I have but think we'll get a chance at cheaper shares. Markets can be irrational ... So glad they raised $$ when they did ... much more favorable conditions at that time. Funny how just a few short weeks makes such a difference in sentiment.
I see by your posting history that you are just a carpet bagger here ... pls take your own advice and go back to posting on the other board. BTW ... when BIOC decides to raise cash (which they will/need), you'll be looking at $1.50 pps.
You must be new to biotech investing? There are multi-billion dollar companies with no revenue. It's all about potential market size. I think you left the "1" off the front of your price target. See you at $13!!
Is it ridiculous that it happened, or ridiculous because I made the observation? ;-) We know how thinly traded, OSIR is so drastic moves are nothing new. As for MDXG, they have nearly 20M shorts ... anything is possible!
It's 13 out of 50 highest increase in shorts list, according to the WSJ short table. Shorts have doubled from 6/30 to 7/15 ... I'm sure due to the offering.
Hate to bring up a sore subject here, but MDXG got a Needham downgrade today based on valuation. I'm sure we trade somewhat in line as both stocks had a nice run and similar pullback. Just a thought.
Cerus Corporation: "It's good. It's a nice spec is the way that I would look at it. Cirrus Logic is the stock that I think can go lower. Cerus Corporation is a nice spec."
Someone called in and asked about CERS. He replied affirmatively, it's "ok" ... I think as a spec stock, though.
Honestly, wouldn't you expect a little more positive traction given today's market? Volume is lighter, too. Considering we were just over $10 a few days ago, I thought the rubber band might be a little tighter? BOING!!!