I agree mikey, not as much fun but still fun to see what shorts attempt. Question for you, as I haven't noticed you discuss it before, what are your thoughts on GILD and why the market continues to undervalue it?
Leerink downgrades MNK after their stellar report with a lower price target of $133 from $141, and Zacks (who has done nothing but tout MNK going into earnings) downgrades them to a hold from a buy after beating their consensus and raising guidance.
I've got to say...in this market, you could be a phenomenal company and be manipulated through options, or headlines, time and time again. NYJG alluded to it before about the May strikes and June, and if we look at another company most of us discuss (GILD) the same goes for them. Doesn't help that the market is getting hammered as well. Wish people would be smart and reward progress. Apparently that's too much to ask...
GILD is so heavily manipulated it really frustrates me. I am planning on writing another article with them as my focus. The company should be trading at around $110 - $115 right now, and yet, retail shorts and big firms who are clearly short (we see you BofA Merrill Lynch/Goldman/even maybe JP with the low price target) are keeping this suppressed. They need a big acquisition to shut everyone up and they have the cash to do it...MNK maybe? One can only dream