Wall Street always overshoots as we know it. The only thing surprises me is CMG lasts pretty long with that exorbitant price. But some day it'll crash to the earth or even go to bankruptcy.
Market cap is just an inflated number based on stock price. Practically pbyi has nothing: no product, no revenue. It has 153 mil, so this ipo worths more than 190 mil much more than the cash it owns.
Well, well, well. Cowen is one of brokers to do 2nd IPO for PBYI.
Do any one of you consider to take a 2nd mortgage of your house yet?
Crooks knew in advance the 2nd IPO announcement today and they intentionally pushed price up almost 20 dollar in 3 days then dropped 25 dollar today.
PYBI management, Bank of America, JP Morgan and their accomplices made a huge profit and a lot of naive retail investors lost their shirt.
ALNY was found in 2002 and around 2004 or 2005 I already read they will have product on the market in 5 years. Beside they listed they cooperate with tone of other pharmaceutical companies to develop many drugs. Well until now 2015, no drug is on the market yet the only thing you see is tone of PR, the rising stock price and the executives exercised stock options with hundred million dollars.
I follow alny off and on for several years. The strange thing is this company never has any product just an idea RNA and stock price keeps going up and up thanks to PRs issued regularly by management.
They just said they have 450 Mil more than they need then they do another IPO of several million shares. Any one know why?
Another strange thing is even stock price is moving up but I only shorted this stock many times and made profit every single time.
Sorry. I miss the letter c (fracking) while typing.
By the way the last time SDRL had this low price (9.57) was March, 15, 2008.
Every body in the world knows the consumption of oil is only going up because the limited supply and the need is exploded by the developing countries such as China, India... Thanks to the new technology such as fraking the supply is temporarily abundant plus the political strategy against Russia that makes price lower. Taking this opportunity, WS big boys trumpet a campaign by saying the price would go to $20/barrel to scare retail investors to sell energy shares with a big loss. They quietly buy these shares and only matter of time, oil price will be up again.
I disagree with you about 133 cars per 1000 persons in China now. It's more likely 13.3 cars per 1000 persons now.
Cmg will go down under $500.00 because cmg can't meet expectation too high form analysts and investors. Beside its food is too boring and expensive to customers.
Right before market closed, someone bought 22.1K shares and made price jumped from 14.03 to 14.35 and it continued to go up after hour. I think someone knew something or just a false good news.
It's artificially made by MM and #$%$ hedge funds. They buy and sell simultanously shares owned by themselves with price higher and higher to lure naive investors in buying.
They will unload their shares soon because they bought shares at 100 and now 118. They'll rip a huge profit on the expense of small investors.