Options point to 6.
With 15 mins to go in trading will probably hold 6, but I never underestimate the power of the computer to beat the crp out of any stock at any time, especially here.
As I stated elsewhere, the JMP conference is Tues. at 1:30 ET.
They have yet to drop a bomb during a conference but who knows if they ever have some type of good news and deliver that news during one of these conferences.
Not trying to start speculation since they have yet to do that, but every conference I always wonder if they have a bomb to drop and off we go.
Sentiment: Strong Buy
Options end today, and they point to 6.
Where we end today who knows, hopefully in the 6's.
Also Kerx speaks Tuesday afternoon at the JMP conference at 1:30 ET.
They have yet to drop a bomb during one of these conferences, but since we are in June you never know if they drop some type of positive catalyst.
I am not talking buy out. I still think EU partner first and later the buy out. If we get a nice catalyst like that to get the price up much higher, and then sell may be to that partner 6 months or a year later.
We get a lot more per share.
If I am wrong, and the buy out happens soon, then I take my profits and look elsewhere to invest.
Either way we win.
Sentiment: Strong Buy
Janet, Unfortunately the whole stupid market took and end of day dive.
I decided to work go work on the pool during the last hour of trading and came back in later and wondered what happened.
They said inCNBC that the late day pullback was because of oil.
We may have several more days of this until either oil stabilzes again or the market disconnects from oil.
At the time I am writing this Asia is taking another big crp for who knows what stupid reason.
Wallstreet was going to beat the crp out of the market if the FED would have went ahead with there measely .25% rate hike.
They did not go ahead with the rate hike so the market went up, and like I said it pulled back because of oil.
This stock market is ridiculous and #$%$.
Can I give you 2 thumbs up for being a vet.
You have every right to be disgusted on so many subjects.
Every chance the libs get they throw out gun control comments.
It does not look good when he just both the weapons 12 days ago, especially when the FBI has been watching him.
Its not the guns, its the system that needs to be fixed. That person should not have been allowed to buy them.
Anyway KUDO'S to you VETS.
And now back to Kerx, lets get back up above 6
2.91 million shares today. I have to guess that a few shorts covered today.
I am a little surprised that there was not more covering, but may be the crppy market made some dig there heels in.
Hopefully they regret that next week.
Have a god weekend
Janet on CNBC just before 9am CT. they said we have bounced back all week by the EOD.
Good chance we fill that gap, occasionally we don't, but its rare.
The last time awhile back I sold after a nice days run up. A gap had formed and I thought we would fill it.
WE never did. I bought back in and it cost me a little for that buy back in. Oh well it was obviously worth getting back in, and sometimes playing the game backfires by having to buy back in 40 cents higher that where I sold.
I did well many other times just not the last time.
That is why I did not take the chance yesterday on selling and just held.
At this writing we are at 6.42 and not that far from filling the gap, but so far we are bouncing off the 6.30's.
If the XBI, and IBB go down some more then we very well may fill that gap.
I am about to shut the computer off, and go go several errands and just see where we end the day.
I said the same thing, I saw it in the 6.90's and was hoping we would break 7.
I was seriously thinking about selling several mins into the open but we were holding in the 6.50's, and I can live with that.
At this writing we are already bouncing back(for now) and almost to 6.50.
There are days when its not worth playing the game trying to make a little extra.
I have been so busy with work lately that I have not done anything except enjoying the slow uptick.
Lets see where we end today.
Janet, 3 hings.
1.Somedays lately we have actually held the high or clsed close to it.
2. As Dapoop has said in another post he spotted a gap between 6.21 and 6.30.
We have to respect the power of the gap, so we probably will see pull a slightl pullback.
3. That leads to #3. A totally bs article out from the fool late this afternoon, written by a fool,
trying to disclaim this run up.
Tomorrow will be interesting.
This was a nice day, but the typical computer bs in the afternoon.
I thought briefly about selling and then rebuy at EOD but decided not to take the chance.
I would hate to have it take off on me playing that game.
If this keeps going hopefully we are at 10 soon. Hope I am not dreaming too much
Good point on the shorty margin call-I like it.
Hopefully tomorrow that pushes us over 7, and maybe over 8.
Today has been a long time coming.
I do see your point, especially with the length of time its taking to get this partner.
The future will tell.
At least we are finally going up.
Gas I still think the B.O. is farther away, BUT I do think something like an EU partner is getting very close.
Look at the AH today. 144506in 90 mins. A couple of 30K, and 20k ish, a lot of smaller trades.
Makes me wonder. We both agree something is brewing.
I would like to be the one to thank you for asking intelligent questions at the meeting, and relaying there answers.
Dutch you always speak with wisdom, and give great posts.
It started to look like a market pull back was not going to affect us, and now the crppy market has pulled us back some what.
More crppy market days are ahead, BUT we can only watch and see what it does here.
We have started to turn around, and sooner or later we really get going.
The sooner is getting closer all the time.
An EU partner will make that happen, or possibly some other really good news.
I still think the B.O.is more in the future than just a few months.
The more we slowly go up, the more its worth later on B.O.
GLTA longs, and DUTCH keep up the great posts
Sorry for the loss in your family.
Thanks for always keeping us updated.
Everything looks good for us to get going some day.
At least we are out of the 3's, and 4's