in any stock not just NQ. Why Fidelity would sell almost 2/3 of their long position even before and after the earnings? Why institutional ownership is so tiny ? Is company hiding something? Their earnings suggest there is some problem and institutions do not want any chances holding too much at this point.
They are only ones, or actually were because they sold more than 2/3 of that and before that institutional holding was about 17% only. Good prospect stocks have 70%+ ownership . This looks like they were just trading and last earnings disappointment made it easier to sell most. But short interest has risen since then even more to all time record high and that is never good. I keep small position and will wait it out what next earnings will bring.
I wouldn't like to sound like some bears but this stock just doesn't feel right. Institutions must known something what makes them to be so guarded and to initiate and constantly higher and higher short position is very hard to swallow.
True is stock is showing weakness and it is overbought and he could be right. Those short sellers are making nice money and what is interesting that short interest is at another new high. I think it is because those who knows the best are Chinese and coming from there is very bearish sentiment and it is hurting stock. I think testing mid 7's is still possible.
Right on, 100% agree! There should be example of punishment for such politicians that maybe new ones would think twice before another dirty move ......
Awarded as The Best Security sopftware at current times....cost fraction of NQ which is known for questionable service!
It looks like you got it right. All your points of concerns are real red flags and companies in the past with such balance sheet went soon or later bust. To me this company is nothing but worst of all what american investor should avoid .Institutions didn't get any honest answers at CC. I think SEC will soon might do some investigation.
And I see many were "buying" on its way down.Pretty soon you will have to say you bought at 2 as price will be under $5. Huge problem is surfacing. What auditor will say this time....?
are not smart enough to recognize not to invest in company like this. Since earnings this stock loss almost 30% and that should be the other way around.
A typical Chinese stock before major dip as it appears.
I spent almost 3 weeks recently on Hawaii and it was as always awesome. Enjoy .
Now, those people who were ignoring all the red flags and signs of potential problems are in pain to watch stock going lower and lower even they said there is "strong support" in much higher price.
Investigation in my opinion to NQ earning could reveal very disturbing facts. If PWC will go as they indicated further and deeper there could be some devastating findings as far as my opinion goes.
It is so said that so many people follow that Idiot so blindly that they I think deserve this very painful experience.Worse is, that this is far from the end. Now we know for 100% there will be no NCE approval and more negative developments at the trial Reduce It on top of very disappointing script sales. Only who prolongs this pain for longs are company lawyers but institutional traders know for some time Amarin is on the road to Nowhere.
Will institutional traders stop here or will it fall another 10-15%? That's why I agree with poster setting up stop loss 3% even it looks too small but when stock is in downtrend it is usually wise thing to do it that way.
Why lose so much when now stock could be bought for much less? Stops are always a must to have in uncertain stocks and especially in Chinese one like this one. Smart quick time traders use 1% stop loss in certain stocks.I'm out from this one as I am preparing for flight back to main land from Hawaii . Those two and half weeks went fast but it was incredible time here.
I hope stock will not drop too much from here and if it does I would buy for real not like some say each time they buy dip just to see dip it further.