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Exelixis, Inc. Message Board

twosidedtape1 11 posts  |  Last Activity: Aug 26, 2014 9:54 PM Member since: Oct 3, 2013
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  • twosidedtape1 twosidedtape1 Aug 26, 2014 9:54 PM Flag

    Interesting, but pure speculation on your part. How about this instead: The stock has stalled here because the gap is acting as resistance and there is nothing moving the stock much one way or the other.

  • Reply to

    Broker looking to borrow shares for shorts

    by stoutsval Jul 23, 2014 3:00 PM
    twosidedtape1 twosidedtape1 Jul 23, 2014 8:44 PM Flag

    Unfortunately that doesn't work. They can borrow your shares in a margin account even if you put in a sell order.

  • Without a doubt! EXEL is just getting rolling.

  • Reply to

    Big Ol Nasty Rejection Candle

    by milkman92714 Jul 22, 2014 3:33 PM
    twosidedtape1 twosidedtape1 Jul 22, 2014 6:45 PM Flag

    Perhaps, but my indicators say this stock has begun a buy cycle this week. A break over the 50 ema and it will retest recent highs. Bad risk/reward shorting here.

  • Reply to

    Why would anyone sell under 10?

    by pendlorian Jul 14, 2014 4:03 PM
    twosidedtape1 twosidedtape1 Jul 14, 2014 10:13 PM Flag

    You quit your job to invest and this is your first major investment? My recommendation would be that's not a good idea. You need years of steady success before considering doing this full time. Just being honest. Hedge your bets and keep a part time job at a hospital someplace in case things go wrong.

  • Reply to

    3.70 to 3.30 in a week.

    by milkman92714 Jul 9, 2014 1:57 PM
    twosidedtape1 twosidedtape1 Jul 9, 2014 10:54 PM Flag

    I get what you mean. I've been selling ATM 3.50 calls on the pops on this for months and making some serious bank, but I don't see the sense in trading the downside here at this point. The stock has been quiet as a churchmouse for a long time and has recently put in a higher high. The decline of the last two weeks or so has an ABC look to it with a classic fast C wave down to what is so far a higher low. Forget the news, nobody knows anything we don't all already know about EXEL or it wouldn't have been in a flatline for so long.

    I know the market is somewhere in the ballpark of a correction. This would keep the stock from rising much on technicals, but isn't necessarily going to make it crash. Downside is too limited and risky to play here IMO. Plus the 50 EMA, while acting as resistance, is also flattening out significantly. One fast stop run at range lows is a possibility but hardly seems worth the risk to me.

  • twosidedtape1 by twosidedtape1 Jul 2, 2014 8:38 PM Flag

    Target for wave 3 = 4.50

  • twosidedtape1 twosidedtape1 Jun 19, 2014 10:03 PM Flag

    EXEL looks to me like it's at the logical place for wave I to end. One sharp headfake lower tomorrow or early next week would not surprise me, followed by wave III. The stock has based and bottomed. Bad risk/reward to short it here for pennies.

  • Reply to

    EXPLANATION?

    by alsodoglover Jun 12, 2014 1:15 PM
    twosidedtape1 twosidedtape1 Jun 16, 2014 4:35 PM Flag

    Doesn't matter why the top of the range is around 3,61, it just is. Consolidation after the big plunge perhaps? Stocks trade in ranges more often than not, but not usually as tight and orderly as this one has been trading.

  • twosidedtape1 twosidedtape1 Jun 16, 2014 4:31 PM Flag

    Hey the longer it takes the bigger the breakout will be. A quick move to fill the gap at 6.50 isn't going to happen though, absent a big positive news release from a positive major drug study. 4.50 maybe, but not 6.50. Will take some time to go higher after the initial surge.

  • Hiya all, I've been mostly lurking on this board but wanted to chime in today. I trade options, generally as a seller, and this long flatline has been GREATTTT for sellers. I see the stock acting differently the last two weeks though. It's being held up whenever it has a small pullback, which is a change of behavior. The stock is pressing up to the top of it's range. Also, I have been watching the call and put premiums in this stock every day for months and I see them rising steadily this past week. From what I can see, EXEL is just itching to run higher. Kind of makes me sad to be an options seller here, but hey trading rules are trading rules and that's what I do. The July 3.50's were selling at a 10% premium to the underlying stock today while the stock hovered right at the money. Juicy return with the stock looking like it wants to move higher. Far more likely than not those are called next month. Best part about it is no news is expected in that time frame as far as I am aware, so it will trade on technicals into July. Am definitely expecting a run up into the next announcement, whenever that turns out to be. No was I would want to be in for that announcement though - would be pure gambling to try and game the news. AM looking for a fast breakout here, but one more shakeout half way down in the range before the breakout would not surprise me at all.

    Anyone have info that says there will be any major fundamental announcements from now until July 18th? Thanks!

EXEL
4.04-0.08(-1.94%)Aug 28 4:00 PMEDT

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