It's just amazing how easily these clowns manipulate the some in the market. One guy says this and tanks the stock (on old news)...another guy IN THE SAME FIRM says that....and the stock starts to rise again. Just ask yourself...if this is such horrible news....then just who is buying it now....hmmmmm?
Any of the big guys can take this anywhere they want to. Remember, for the big guys it isn't even if it goes up or down, it's just that it DOES go up or down. They make money when it moves (not when is sits flat), and ICPT does move. My guess & my $$$ say we see $300 before we see $200. Time will tell...
Wouldn't it be a gas to see this thing close green & kick ol Herb Greenberg and his crew right where it hurts?
Yea......Jon N on CNBC said there was a big buyer of the 70 strike calls that are up 3,000% today. Somebody's gonna be on the next episode of American Greed.
Yep....it traded as low as 211 in the pre-market...before someone said...hey...wait a minute haven't we heard this before. Now already back over 240.
The IBB is very interesting here. An assending triangle between the 200 and 50 DMA's. It's held the 200, if it can take out the 50, then a run above 250 is not out of the question.
Now broken and closed above the 50DMA.....I like it to $250 barring anything really out of the blue.
CNBC is not in the "fair" business, anymore than Einhorn. They report the news, and Einhorn is news. No different than Ichan "tweeting" his APPL position and then having the stock rise accordingly. It's done everyday of the week by the big houses, they position themselves ahead of "their own news" and then change their recommendation from sell to buy and reap the rewards as the stock moves their way.
Learn to play the game or don't play.
@chardda233.....deadly? Then what am I going to mix with my Crown Royal? Just kidding. Too much of almost anything is deadly. People have died from drinking too much water. Jim Fixx, the father of modern day running, died from a heat attack @ 52. I was a runner (averaged 35 miles a week) from my late teens into my late 40's when I switched to bikes. I played plenty of tennis too, which was the main reason I started running, to increase my stamina.
I read a book called "Eat to Win" way back when. It was written as a sports diet book and was co-written on the diet of professional tennis star Martina Navratalova (sic), who was absolutely dominant in woman's tennis for years. It was a high carb diet. Plenty of fruit, potatoes, pasta etc. No red meat. I had already been running for awhile @ 6'1" 175-180. I went on the diet and it felt incredible. It felt like I was running on high test gasoline. But, I dropped over 30 pounds in only 18 days...@ 145 I looked like I had AIDS. I felt great, but it scared my mom so bad she begged me eat a cheeseburger & get off the diet. I did.
I realized that I didn't really need to go to that extreme. As long as I was active, I could eat almost anything I wanted in moderation and stay the same weight & feel good. I weight 180 to this day. Now, every new fad diet tells you something different. Carbs are bad for you, sugar is bad for you etc. etc. No, LAZINESS is bad for you...LOL.
Kids sit behind computers all day & never go outside. I went into a Staples last week and the 16 year old girl behind the counter had a wrist brace on both wrists. Carpel Tunnel @ 16!!
@ern....if you are even ( ie..breakeven)...and "scared"...why not just lighten up some? It's never good to hold a position that you are uncomfortable with. Why would you do that? The chart is looking better (just pulled off an MACD cross) as is the bio-tech arena as a whole. Low volume indicates not many sellers here. I would suspect if the general market holds this thing could finally move back above $300 soon.
One thing ol #$%$ learned years ago.....shorting Dr Phillip Frost is financial suicide. 22% short interest?
As of March 31, 2014, Intercept had cash, cash equivalents and investment securities available for sale of approximately $134.1 million, compared to $144.8 million as of December 31, 2013. In April 2014, Intercept completed an underwritten public offering of 1,000,000 shares of common stock, of which 600,000 shares were sold by Intercept and 400,000 shares were sold by certain selling stockholders, at a public offering price of $320.00 per share. Intercept received net proceeds of approximately $183.4 million, after deducting underwriting discounts and estimated offering expenses. Intercept's cumulative cash, cash equivalents and investments securities inclusive of the proceeds from the April 2014 public offering are expected to fund operations through 2016.
F didn't #$%$, you did it to yourself. F always disappoints. Aren't you paying attention? Even companies that are beating big are being sold off. Even GM yesterday beat by a penny, opened higher and was being sold all day. The only difference with F is it will open lower and be sold all day.
It does tend to sell off even when it beats. I've noticed that holding into earnings for the divvy (which usually is ex-div a few days after earnings) will cost you more than the divvy in losses.