Maybe.. but what if they do? What if they talk about Lantus going off patent, and Toujeo and Afrezza? as they plan to discuss both these on November 20 for sure:
November 20, 2014
Sanofi will hold an IR Thematic Seminar on New Medicines at the Genzyme Headquarters in Cambridge, MA.
A live video webcast of the seminar will be available at
2:30 pm CET / 1:30 pm GMT / 8:30 am EST.
The event will be the first in a new series of events focusing on late-stage pipeline assets.
The agenda will consist of several deep dive sessions on new medicines and vaccines that we expect to launch in 2015, such as alirocumab, Dengue vaccine, Toujeo® and Afrezza®. A high level update on the next wave of innovative medicines and vaccines will also be provided.
9 am EST
In the last 3 months there is a net positive activity from insiders of 425,360 shares bought.
Also total Institutional holders are 201 with 89,624,449 shares
of these New institution holders (46) hold 6,270,632
and sold out institutional holders (23) sold 3,337,440 shares for a net gain of about 3 million shares going to institutions. (source Nasdaq)
so think about this..
of the 402 million shares
Al Mann owns 37.5% or 151 million shares
Institutions own 22.3% or 89.5 million shares
that's 60% of the company
so that leaves about 161 million shares for trading by insiders and retail.
and we have around 79 million shorts????
just my opinion but a massive squeeze is waiting to happen...
CHECK THIS OUT!!
Aventisub LLC was formerly known as Avantis Holdings. The company was incorporated in 2001 and is headquartered in Greenville, Delaware. Aventisub LLC operates as a subsidiary of Sanofi.
My suspicion is the way they bought it down is the same way they will bring it up. When their friends have covered and they have enough retail shorts (just like they had enough retail longs); they will systematically bring it back up. We will slowly start seeing positive articles. Goldman gave a neutral article, then next group will give another neutral article but with PT being about 6.50.
It will take another couple of months for us to get back to $10, but we will get back to $10.
Nothing and I mean nothing is fully known as far as sales and only time will tell.
The short squeeze may happen in terms of 2-10% per day, but not the way most people expect it to.
Personally i will take a 2-10% consistent rise over two months.