". ....SPPI has skyrocketed since you switched out of SPPI and into DEPO..."
I am up 8% in the DEPO so far and I am very happy with it since the gain came with no pain. However, you have to be lucky to gain that much in SPPI. Well, gamblers and day traders love SPPI since they know how to manipulate the stock. The main point is that I will make more, probably much more in DEPO in near and far future while I am relax and confident in my investment. This is not true if I held SPPI.
On the other hand, SPPI is a pain stock where once in while you get lucky like today because of some external forces that are not related to the stock fundamentals.
No, SPPI does not match my blood type. In past 15 trading days, SPPI has been up about 6 days and down 9 days while for the same period DEPO was up 9 days and down or flat 6 days.
I am more sure to get to my target in DEPO but not so in SPPI.
SMA(50) = $23.23 resistant
SMA(100) = $21.98 weak resistant
Upper Bollinger Band = $24.05 strong resistant
Mid Bollinger Band = $21.33 support
So, today, $21.33 support to $21.98 resistant was traveled.
I believe that DEPO will overcome the weak resistant around $22 and it will zoom up to next level. Next resistant is around $23.23.
In past 14 trading days, we had 3 red days, 3 flat days and 8 positive days. This is an indication of a positive trend and accumulation. DEPO technical is getting stronger and the stock is in its way to $26 by next few months and $32 by the end of this year and early next year.
Over 270 reps are hired for a reason. DEPO was not shy to talk about more acquisions.
Current estimates will be raised.
If your post was directed to me I have to say that I do not short SPPI or any other stock. I do not have any margin account but all cash accounts which are included my 401k, IRA and other cash accounts.
Second, I am not forcing anyone to switch but an option for those who are looking for opportunity to make money. They can do their DD and make their own decision.
You can compare SPPI to DEPO at the end of this year and see the difference of making a good decision.
In this field, management is the most valuable asset of the company. Unfortunately SPPI does not have it and its shareholders are suffering because of this matter. DEPO has an excellent management that is very shareholders friendly besides other advantages.
I have been accumulating DEPO shares and I still have some dry powder to get more. I used to have DEPO around $14 but I did not have patience. My mistake but I still see a company that will go to $30 and higher. If HZNP could do it in spite of heavy dilution to its shares then DEPO is ready to do better. It just lags a little bit but by 2017, DEPO may be ahead of HZNP.
One thing is for sure that DEPO will be targeting a few more drugs for acquisition and we may hear at least one this year. 270 reps will go after NUCYNTA. It is a waste resources if they don't sell other drugs and I am sure that DEPO management has a plan for this purpose. Not only they mentioned it in past CCs but it is logical to do it which will add to revenue and income.
I used to provide some technical analysis here but I have stopped it for a while. I have been a long investor in SPPI but now I am moving to DEPO that has much lower risk but much higher potential for gain.
Fortunately, I did not lose any money in SPPI but I had some gains too. I bought most of my SPPI shares below $6 and mostly exited at mid and high $6. However, I will be watching SPPI for any change in its trend. I will concentrate on DEPO since it is a stock on rise with potential of 40% gain in a year or less. In contrast to SPPI, DEPO has an excellent management who cares about shareholders.
You are welcomed to join me and I can assure you of good profit in next few months and a year investing in DEPO. Remember that the market is due for a correction and health care is place to be and also companies with low risk like DEPO will give you a peace of mind in volatile time.
Good luck all.
I agree, this is a great buying opportunity and any price below $7 is a steal.
However, buying SPPI below $6 gives some investors more confidence in the short time. I see some traders complain about losing a few pennies and sell with losses. Well, before buying any share, tell yourself that you are dealing with a stock that has been manipulated and you may lose a few pennies in the short term but the purpose should be for gaining of $20s to $50 per share in 2 years. HZNP and DEPO both were single digit price a year ago. Both stocks lack any drug development. They borrowed some money and acquired some drugs and now they are in high $20s and low $30s.
I enjoy Joe's posts too. Hey Joe, don't worry about one or two negative guys with many ID's. Please keep up the good job, we will be awarded eventually since SPPI PPS is the most unusual one.
These shorts will eventually cannibalize each other.
Market is down over 300 points. A lot of stocks down over 4% with good volume. Shorts could close their eyes and get that 4% easily with no problem with liquidity and other issues.
However, some idiots insist to short a stock that can jump over 20% with any good news and there is no room to go down.
After all, they are losing their breath posting so many negative posts here.
They are not even get paid minimum wage since they are just idiot.
Now we are getting to last hour of the trading and retail traders and other short term shorts want to cover some of their shares.
Do not give them any shares. Let them step on each other. This cycle has to be broken.
No volume for current price. A few traders shorted because of this heavy red market. Of course, computers traded some shares automatically. Holding over the weekend is extremely risky and that may damage their pockets by large.
When 40% of float of a stock is shorted then those short are willing to throw themselves under a car to bring price down especially when the market is down by 1.5%.
Now, this is the best volume that they can do since they could not find anymore shares.
However, they will try to cover some before the market closes.
As an investor, don't give them this chance since this is a fake price to grab your shares.
Watch the price before the end of the day and see how shorts will clime over each other to grab some shares.
Sentiment: Strong Buy
With Low volume, risk for shorts is increasing and they have to cover at much higher prices. How about $50 with a serious good news? Yes, shorts will step on each other eventually one of these days.
There is not much float to trade. Big guys and bondholders are holding the shares in both side of the isle.
They are buying time until some sellers come along if any. If this continues then there will be no choice but push the price to one direction. It will be hard to push it down but the stingy shorts are not letting shares to be free easily until they see some big losses.
I own 94k and I will add more up to 130k if price stays in this areas in coming days.
I see a lot of nervousness in shorts since as soon as I put an order to buy at bid, price jumps up.
I do not think they can hold it down anymore or even manipulate it. It costs them more and they are convinced that this is the bottom and they have to let go.
I am afraid that shorts have to step on each other to exit soon.