Hi, hi. Remember with good news other biotech stocks such as MDVN up from 8 to 40 in 1 day, ICPT up from 72 to 400 in 2 days, PBYI up from 59 to 233 in 1 day etc. So TKAI may get a chance some day.
People use twtr all the time. You always heard this football player twists that, the other politician twists this etc...In other word, twtr is very popular and has a lot of users. I believe many companies want to take over twtr. The reason that twtr is down because of its uncertainty about leadership. Once this problem is resolved or a rumor of buyout spread around, twtr will take off.
Very simple. Many big investors lose money by TWTR. Now they sell for a loss to reduce tax. Their action depresses TWTR price further. But after 31 days (next year) they'll buy back because TWTR is still a valuable brand in the social media world.
Remember a few year back GS said oil going up to $200. Oil price is totally manipulated by Wall Street crooks. We all agree there are more oil now than before but the need of oil is also much bigger particularly in countries with large population such as India, China, Vietnam. They use motor cycles or cars instead of bicycles in the past.
I don't think so.
We also should blame his accomplices and naive and greedy investors. Every body knew it's a scam but they participate eagerly and believe to get out on the top. They think they can beat the #$%$s but obviously #$%$s are far more dangerous than they think. If no investor buy stock, #$%$ will be bankrupt when the stock goes to zero.
This is ridiculous. There is no stock for short after shkreli bought 70% float. The only people can short are his buddies.
Who says that he shorts kbio now is a liar. Because there is no stock to short, no option exists
There are very little amt of shares on the market. Almost all shares are owned by shkreli and his cronies. No share for short and shkreli keeps manipulate the price higher and higer until he sell all his shares and short a huge amt of shares to naive people. Then he resigns and price drops to zero.
So he has to make another trick to manipulate stock price by buying and selling stocks at the same time with increased price to lure naive people in. Once the price can't be increased more he'll sell his shares to pocket big profit and let kbio to bankcrupt and other people to hold the bag.
The reason that the price keeps moving up because Shkreli uses the very old trick "buy and sell at the same time with the price higher and higher" (Jim Cramer explained this fund manager's tactic many years ago) to lure investors in. Beside he control the float so no one can short but himself.
Because greed makes people to become stupid. They don't ask why we should buy this company?
I believe he'll be a story in CNBC "AMERICAN GREED" soon.
I'm with you. KBIO will drop down slowly but it's different with Kmart-Searl because kbio has no valuable assets for Shkreli to sell piece by piece to get money back like Lambert. So he'll sell his shares before kbio crashes to secure profit. Be aware naive investors!