the one thing I am sure of is that all gains and losses on stock and options on Qcor will be recognized on the date of the merger, that is an IRS regulation in regards to inversions.
i traded some today and made the grocery bill plus poker money lol. $900 for a few minutes of play time. will take it every day if they would give it to me. still holding my core and probably should make it bigger but just holding. may add next month when I sell another stock
there has been no announcement on what will happen and it would be simpler if there was no cash involved, it will be an interesting calculation, I would have a tendency to liquidate before final merger date and if I wanted options then sell MNK options but liquidate Qcor options day before merger or week before.
it is easy to refute your theory, it is stated in SEC rules how much they can buy on any given day as a percentage of the preceeding 10 days volume so they can not buy more than I believe 10% of that average in any given day.
I lost faith here and sold my last share today. I wish you all good luck but I have gone elsewhere and will never return to this stock because of the disappointment in the CEO and his wife in taking big bonuses two quarters in a row when the company needed the funds and they IMO didnt deserve the bonuses. deserving and needing are different topics.
unless it happens by executive order it wont happen the republicans want a permanent solution by lowering taxes and the democrats just want to get more taxes. merger/inversion mania will continue until 2017 as Obama continues to mess this country up
pjmeyers, it is my understanding that the funds from the MNK short are not credited to your account but you are charged a high rate to borrow the stock. I did the arb by buying deep in the money Qcor calls and selling in the money MNK calls and also selling MNK puts. out of the money. Currently I just own QCOR so I will be the owner of MNK at merger The arb play made me 135k
in 8 weeks. The Qcor I have now is for a long term play and basically all the profit from the arb plahy.
I would expect some warehousing in the US until the combo pill comes out. then there will be an explosive growth in the US for that pill meanwhile overseas use will continue to accelerate until they get close to approval for the combo also. Overall growth will not likely slow with the increase use worldwide except by locale but not overall. Estimates on earnings have continued to grow steadily and will still be short.
GURU do you know the difference between an ultraconservative and an ultra liberal?
Answer: An ultraconservative knows he has one viewpoint.
you are very brave, I dont like what I saw at last ER so with negative news I dont add on downturns, i look for exit doors, that has always been my philosophy, when things go worse than expected with no good explanation change your direction. It usually doesnt get better but worse, What I havent seen posted is the fact they sold more stock last quarter so they diluted. will this continue and at what pace.
and now we have a real name for the top gum blow investor hi bruce hamren another name to put on ignore
I would buy all of them before earnings.
here is my problems and why I have exited most of my position
1) failure to file any more ANDAs
2) failure to attract any partners
3) failure to generate additional sales on the focalin front actually what appears to be a fall off but no explanation at all such as last quarter being bigger due to stocking
4) shelf registration with no apparent need
5) failure to get any more ANDAs approved
6) no announcement as promised on Rexista by now
7) what seems to be a lack of care for stockholders by no press releases and the fact that the husband/wife team chose to get big bonuses over the benefit to the stockholders when they had to be aware of the poor quarterly report and this is the major one. Poor judgment to give bonuses on a terrible report.
While I still own some I really can not convince myself it was a wise decision at this point but I will give them 3 more months to change my mind then I wont ever look back.
just put him on ignore and it goes away. I own as much as you do jr and I have similar goals of where stock price will go especially when they get rid of that awful accounting problem with the convertibles so that the street will really be able to see the true growth here I added more today
I do a little of both I trade around a core position, I added some today to my holdings another 3600 shares. This is oversold IMO here. gltl
i kept some just in case the reasons I originally bought happen but when I get disenchanted with management I usually liquidate any company I have and that is what happened with me on the last ER. I believe in time value seriously enough to go elsewhere. I am sorry I ever lead you here. I had much more respect for management then but they have disappointmented me with their short sidedness and failure to produce on what they have stated. They have many andas as you state but can they get them approved, they were to have filed 4 more this year but where are they and what good does it do to file if you cant get approved. Can they produce the other PIPE dreams they have commented on? These are becoming much more serious questions. Rexista will it ever get going or does it work? I have lost faith because they have not been able to show me that they are more than puff and greed and should it get above my cost I will probably sell my last shares and may do so for tax reasons before year end.
i have no idea what caused the pop and increase in volume but it gave me a chance to unload 50k shares and for that I say thank you,
the best answer to that is that they had a full quarter of Sovaldi sales along with overseas that they didnt have before, plus there are other companies such as the one that sells Olysia that combine with sovaldi and dont use interferon. also BMY combines with sovaldi. so the key seems to be sovaldi. sales are huge this quarter and just recently plateaued in the US but still have Canada, Europe, japan, egypt and others that we didnt have last quarter