stock acts like bad news coming
Also no bullish options activity before the readout.
Other bios bounced in the past few days but not this one. (IONS went from 38 too 47)
I'm not optimistic. Again Hope I m wrong
not sure of your reasoning BUT
if you are correct- who needs the common with expected dilution coming from future debt conversions and the pik distrib. on the preferreds.
If they do survive- I'd buy the 8 3/4's of 2020 At a little over $11- you'll get a 9 bagger if the company survives.
plus interest -
I can never see the common getting to 3 bucks. Even if it does, the bonds are a better bet
biggest holder of this is Kinetics Funds and their performance for the past 2 years sucks. look at WWPNX
As holders redeem their fund shs. they'll have to liquidate some of this.
stock going down
The PBY deal doesn't help
if anyone-it's BMY
they bought Medarex and Celldex came out of Medarex
up a penny
no one cares
this could get bought out any minute with the small mkt cap.
GILD would be a natural buyer
btw you are an idiot