There is no control...just trading. Plenty of shorts are standing in line to cover at today's lows. Their problem is they have to short more in order to move it down. Best think happening is we're approaching 4 MIL
bad idea. stop limit would be better but both give very little protection to blowing right past you with no execution.
Into today's nitty gritty now with bears making another stand. I see a negative day overall with the possibilities of tomorrow's or Friday's outcome different.
For you technical types one question. Did the 50 day SMA hold?
I wouldn't sell calls out to May, only Friday (April). There's a reason the premium is so high. If the reason you're long pans out, you're cutting the head off your potential profit. But hey what do I know? Buy your $1 premium back at $2 when equity doubles.
volume is something to write home about. If short, this would worry me because on the downside there was plenty of support and now looking like a very short term triple bottom
It is a good sign that the trading didn't plow through the stop sign at the low of the day and volume whether up or down IS always a good sign with all due respect
and it will be till Monday. Guess that means we can call it Mums Monday. Management has got themselves in a box till then. Almost 3 MIL shares now, watch for volume reversal. Minus to plus would be major. Not to much damage done to the 50 day.
Bigger and bigger down book. Someone is accumulating tons of retail. My call, low is in.
The nature of daytrades makes the blinded aspect of results seem very much intact. Shorts don't know anything or they would be pushing this to lower low's. Longs are equally without insight. The recent correction has given shorts the opportunity to cover which imo will create an upward biased drift into the close. I agree about the lack of S filing.
Get your stops in because this may be your last chance. Overnight/pre-market/afterhours gaps may get gnarly.
Biotech will remain innovative and sector correction is short-lived.
Sentiment: Strong Buy
I guess friday's action to sell 25k shares was no big deal, but what does board think of overall insider activity? Are these sales not indicative of their sentiment, rather a means to pay themselves during the course of development? See link below
From time to time I try to generate additional income via covered call writing. I am long stock and short the March $3 calls, partly offsetting my position. I had been short the March $4 calls until yesterday. Since they were acceptably profitable, I wanted to increase my long leverage by flattening that position ahead of the cc.
I would consider shorting the April $4 calls, the ones I presume you are long, if the right parameters evolve, but that's not the current situation imo. I notice that premium in the calls you are long are inflated due to the European conference, and imo, the results may not be known before their expiration. If you want to be sure to take advantage of possible upside from a positive event, why don't you consider rolling your call position up and out or just out to May while you still have some premium left in your position?
They'll only be treated better if PPS soars short term at least on this warrant issue. What did you think of this mornings news- kind of under the radar since focus is on stroke trial?