The BB's average hold time for a biotech is 3 years. Especially for XOMA, they own over 33% of the company and have been accumulating. Don't expect them to exit any time soon -- especially if XOMA progresses with their products. You can bet your bottom dollar that Felix Baker is in the lab side by side with the scientists. The purchase they did back in August is hopefully just the beginning of a massive run. They still own ACAD and PCYC and see how much they have run.
Add yourself to the idiot list with Zacks. Article is incorrect. If I had a dime every time Zachs was wrong with facts or predictions I would be very rich. The mere fact that you rely solely on this article as your bearish case makes you even more stupid. Go post on another board that will pay attention to your posts because no one here does. Keep on choosing Zacks over the BB -- you'll do just fine.
While I hope you're right, someone probably placed a Market order instead of a Limit order. 30K shares at around $5.25 is chump change.
I agree with the excitement. But what's not to understand? Buyers have not stepped up yet because they are probably waiting for results - IMHO. Remember SRPT as of late? Just because it's a $3 dollar stock doesn't mean it can't drop 50% to $1.50. Maybe SRPT isn't a good analogy because its a one-trick pony but you get the point.
BTW, I'm long but staying pragmatic
The sucker reference was baiting you into a response. Stick your chin out a little further little man.
Exactly. Brilliant move by NVGN. I would be concerned if they weren't raising money....or do the uneducated (not you Gizmo) prefer the company to fold because they run out of money? Partnering with an entity, such as Yale, keeps the major ownership within NVGN. This is something you do when you're smart and you believe in your product.
I don't know where you are getting your information. There has been no dilution or selling. BTW, dilution and selling are 2 different things: selling is when you sell; diluting is when the company issues new shares. What is your source?
Raising the dividend wasn't good enough? What is everybody afraid of? Earnings? Give me a break.
I agree. The potential is ridiculous. I have a nice position and am very envious of those getting in at these prices after the technical breakout then a pullback.
10x average daily volume with the stock up over $2 is not a pump and dump. Huge number of buyers with very few sellers. Something is definitely going on and it's not a fund selling -- that's for sure.
As soon as the stock opens it's going to be mayhem for the market makers. The pre-open will take a while to settle the actual open -- probably 15 - 20 minutes.
They might want to wait to hear the verdict on the damages before they re-open the stock. My assumption is, given 24% of the float is short, short covering alone is going to be massive. I almost feel bad for the market makers.
What a relief after years of waiting.
I agree with everything you said and I hope it works out for all the longs. I have a few friends in the stock and hoping for the best.
Scott, I don't know this as fact but, being in the financial industry for over 30 years, I suspect QCOM is not allowed to buy or sell PRKR shares due to an obvious conflict of interest.
It doesn't matter. Even if the inst. investors wanted to get out they couldn't. They are in it all or nothing or selling would crash the stock. Only the small investor can get out. Very bad situation.
Keep shorting. YHOO has yet to trade at 5x - 7x daily volume in order to be concerned. Stock is ridiculously strong. Headliners, and many people, think the run-up is localized to Alibaba.
You and other shorts have absolutely not idea how many other things Yahoo is doing internally, i.e. mobile, targeted-ads, getting into Paypal type payments, etc. I have to predict stock prices but I can easily see YHOO at $50 and run to $70 -- maybe even in t e $100's.
Have fun with the pending spike and run-up towards $70.