The entire drop was on miniscule volume. I bought 1000 more shares between 19.56 and 21.24 on the way up. Feeling much better now. This will be $30+ after earnings imo. Go Bo!
I think the last of the hot money will exit around 16 to 17 at which time friends and family will back up the truck and the MM's will take their foot off the stock's throat for the inevitable double to 32-34. This is just how WS operates these IPOs now.
The volume is almost non existent. Nobody buying. I don't really understand the lack of interest but it is what it is. Unless we get some buying interest this is headed lower. Who knows where it stops? Easily could test 19 and below. Not fun.
This was the easiest short call in history. Not sure the drug is even approvable and if it is, no one is going to prescribe it anyway. $109 is still wildly over priced.
EU losing Greece would be addition by subtraction. What is the market worried about? If currency and debt mattered the DJIA would be zero. The beauty of our system is it's all based on air. So nothing matters. And certainly not Greece. The market is completely corrupt and controlled. Selling for any reason outside of just taking profits is dumb. The market and reality are completely disconnected. At some point the music will stop and it will all auger in. But that's not today. In the meantime, enjoy the show, and don't let them take your money by selling into these fabricated selloffs. When the real sell off happens, you'll be dead regardless of where you have your money. At that point the only things of value will be food, water, shelter, guns and ammo.
Why does the next deadline matter when they already missed two deadlines and lied about it the second time.
Management here is either inept or corrupt. Best product in the world can't be saved by poor management.
I am in NC also and I feel like I could have written the original post above. Exactly my feelings. BOJA is about as big a no-brainer stock as there is. And like bet it all said, Wall Street analysts simply have no experience with this restaurant chain, and that's why the stock isn't $40+ right now.
I own 5k shares and want to buy more, it is already 25% of my trading account lol. But I love this stock. I am kind of hoping it tanks on Thursday because I will come in with a big bet if it does.
There was no tactic or conspiracy. The drug is marginal at best, and PBYI was priced as though it had a miracle drug.
The market is now trying to price in the real future performance of the drug. Previous pie in the sky predictions are wildly off the mark, mostly aided by misrepresentations of the drugs performance by the company.
I'm loaded up for earnings. Added 1000 at 24.72 earlier. Now hold 5k shares. Will add more next week if they continue to fade the stock. This stock has nowhere to go but up in the future. Rock solid financials and a great product. Can't understand why there's any negativity and why such low PT's but if it wasn't for the market sheep we couldn't make any money.
As low as you want to look, no one is offering any size. You're crazy to be buying at this level imo.
Short covering and scalpers are the only things holding this up.
My guess is this drug, if it's ever approved, will end up on one of those late night commercials you see, where they are giving you the toll free number to call if you ever took this drug, so you can claim your portion of the class action proceeds.
#$%$ looks like Sanderson got suckered by a dead cat bounce. Sorry. Sub 100 soon.
You're right, and it's emotion that's keeping this stock north of $100 when it should be trading under $50