NO. it's probably the same news story CBS evening news aired a couple weeks ago about some vaccine that had failed in earlier trials - but seems to be working better now that they precede the treatment with a tetanus booster. Very early trials @ Duke on this one I think.
And - another batch (4.2 mill) set to go by the 29th. Will shorty try to distort what's going on with this insider activity, do ya think?
YAHOO PEOPLE - i dare you to read every post on the next 3 screens. Dare ya. Can U spell 'Automated Obstruction'? Would you even understand what a phrase like that means?
Yahoo people -- you're really not very intelligent, are you? So why, exactly, would anyone ever think of investing in a company that hires morons? YHOO should be trading at around 20 cents IMO.
Another analyst upgrade to 8 - or 9 - or 10 would do it as well. Doesn't actually have to be words from Dr B.
OK so there ya have it. Glad I'm not short CORT at this moment. Imagine you shorted at 6 and wake up to CORT trading at 9? OH YES - INDEED MY SHORT FRIENDS. Admit it - You're already having that dream, and are wondering when then dream will become reality. ? Answer is ---- VERY VERY SOON
Dr Belanoff has got to take the bull by the horns.... at this moment. The short side is so weak right now --- he could completely destroy them. IF there is good news to be disseminated - DO IT NOW. The short side would crumble. It would be so fun to watch,
We had the cornered rats cornered. But then new short rats decided CORT price had risen too high, So they started shorting today around 10:30 am. The new shorting gave an out to the the old shorts. The new shorts are not as dumb as the old shorts, but I do believe they were very premature in their shorting action today.
There are probably still 1.5 to 2 million old short shares out there that have not yet covered. I hope the new shorts that jumped in today realize those old ones still need to cover. And - one piece of positive news in the next week or two will probably make the new shorts look pretty stupid as well.
I really do not like how the new shorts jumped in as soon as they did today. Greedy, hair-trigger-shorts. I can only hope Belanoff blows all of you shorts (new and old) away with a piece of surprise news in the near term.
I have some hopes for the announce 2morro I do. But even if this one fizzles just a bit 2morro, I think CORT will continue to kick aysssss. I love what is going on over there in CORT land.. Would love it if my SQNM and CORT would fly on the same day but that would be an awful lot to ask for!! :-)
Thank you so much, Yahoo. You are an inspiration for people born without brains.
,,,then again.... if the 3 million short position is a hedge by someone with an overall long position., the squeeze will be very tame. Today did not look tame.
Yup... it has disappeared. Shortie paid off low-level Yahoo employee to remove the post that explained how Corcept shorts are royally s c r e w e d ?? I did not start that thread, but it did disappear around 5PM today. But really ---- how are 3 million short shares gonna cover when we have a no-news 700,000 share day like today that jacked the price up 82 cents? I will save this post so i can re-post it after it's deleted by the crooks (once again). Am lookin forward to seeing CORT shorts fry.... and this is the absolute best set up for that action.
Watch out for outright distortion and lies from the cornered rats!
The thing on this one -- it's not the short % ratio. It is the days-to-cover. Shorty gonna fry and it is as simple as that. Piper's $9.00 target is way way way too low.
PLUS - volume on CORT has never been all that great. Shorts are already getting squeezed and it will get much worse for them if any surprise positive news were to develop. Shorts are morons - all over the twitterverse today they're saying to short CORCEPT because John Johnson was added to the board. Nice try shorties
Cortendo plays in the same space as Corcept. So maybe folks are interpreting the addition of Johnson to their board as doom and gloom for a corcept competitor.
Looks to me like the news feeds messed up.... the press release about Johnson has to do with a company called Cortendo (not corcept). I think that other company has same ticker on a weird exchange -- creating the confusion for the news mess up.
as of most recent 10-K - they have $34.6 mill and mgmt for at least the last 2 quarters says they believe Korlym revenues will be sufficient to keep from having to do another cash raise. I'm paraphrasing what I recall in the conf calls, so take that as just IMO.
I haven't seen the full text of the recent upgrade from Piper. Would love to see that. A $9 PPS within a year would be very very nice. I actually expected 9 a few yrs ago, so maybe things are just slower to develop than i thought would be the case.
The float is tiny on this one - and at times I believe the market maker has no shares. Hard to get shares. So it's old school - just real buyers and sellers. At other times, the volume has been unbelievable (where did the MM get the shares in those cases?). I really like this one, but would love to hear why Piper thinks the triple neg breast cancer trial is gonna be positive. For now I'm in this only cuz Korlym for Cushings rev is rising pretty nicely.
listener - yes i forgot to mention gross margin. that's lookin good too. We might have a flat revenue year (in 2015), but maybe will have positive surprises on the legal front. 2016 - will be a monster. I like owning under-valued stocks cuz I never gotta worry about them. And this is one of my fav's. Just a matter of time till this one really starts to shine, IMO.