The full study is not released yet. All this price action is based on an abstract ( check on pubmed). They are doing multiple trials with this drug with combinations with other medications. Out of 8 trials with this drug only one shows benefit and that too in Her2neu positive breast cancer that is only 20 % of all cancers. Check pubmed this drug has not shown any mortality benefit alone or in combination though idea is convincing.
If it was that big of a deal why are they waiting till mid 2015 for approval as it can save many lives if it is fast tracked! The price is being artificially held high ( maybe some surprise partership) may cause more upside but I am skeptical.
Very fishy. Starting short position at 230 .
that means if prices were not increased both top and bottom line would suffer more. How can anyone justify buying such a high PE stock with mediocre results ? Shorted at 457
From my TA ( please excuse me pud) we are right at lower border of ascending wedge. If we are able to get it with a decent volume we will see a big leg down. Bulls have chance to bounce back to ATH but that looks less likely as recently they seem to be struggling.
If we have a good red day tomm bears will be in for a feast. Still holding shorts Z , TRIP ( needs to break 99-100( no support till 74) , SNDK and CAT ( new today)
Fear greed index was 90 for a month, VIX is at lowest, Have you tuned to CNBC lately, even Gartman is a bull, people calling for 20000 on dow, stocktwit sentiment was 75 % bullish recently for few weeks and you sat there are lot of bearish articles.
I agree this board has lot of bears!
Yes they were ridiculed. When people start believing this time its different : believe me that is not different, just tells u are rationalizing.
Looks like nothing has changed except TRIP, Z are down 10 points making my portfolio green. Added short SNDK at 101 today. Still holding them for third wave down and TRIP has potential double top reversal. Technically market spx/spy/dow continues ti be in rising wedge with contracting swings. ( see my chart on stocktwits)Can easily see bulls dont want to give up, jumb on even 10 point drop making the wedge tighter and tighter.
Rising wedge dont end up well. Its an accident waiting to happen. Noone knows when so I am not playing options or volatility.
I am delighted to see how people are extracting positive from negative reports like retail, manufacturing, less mortgagae applications etc. EPS bloated by buybacks are the only thing that matters. Even AA is going parabolic after beating expectations worse than last year.
I am not calling a top but again it feels like it. Not be afraid to be wrong again.
Bear is here. Plenty of brown fat. Full of energy and patience. Only 1 % negative now! This is an ending diagonal reversal and bulls start arming your support levels as Pavlov response will make u salivate you on every green candlestick .
Can sense some good days ahead for bears. Bulls have forgotten that you need to breath out to take a fresh breath it. Breath stacking is dangerous and that's at peak at this time. Feel more confident abt short positions now. No puts, no volatility just short stocks
This is just the beginning . Still need more confirmation for breakdown from ending diagonal, currently around 1900 level. Ending diagonal reversals are violent! Volume was more than average today!
Patience pays off
As movement is so slow to offset time decay of options and what can I say about volatility ! WIll not trade options until volatility returns.
Pls share ur thoughts
Down from 8 % negative to 4.5 % negative. Should be green soon. But volume looks very light and that concerns me . Lets see how it unfolds.
Ending diagonal/ ascending wedge with throwover still holds but we need to see more strong momentum down.
"You need to be able to weather being told you’re wrong all the time."--------Chanos
Some quotes that drives me these painful days but .................................
Finally, looks like being a short may be a contrarian position ( but not on this board!)
Will know in a few days whether it is a "disaster move" or I can call myself a " well positioned bear"
Whatever happened over last few days is painful to be a short but I believe that we will have a sizable trend change soon.
S&P/SPY sat on a wall
S&P/SPY had a great fall
All the Yellens men and CNBC fools could not put it together again
Having lived through two crashes "long" feel more confident positioned short. This madness will end soon. Close short positions with loss at 1945