Tell the longs who bought near $50 and still hold....I wish I had been able to get the shares to short weeks ago. I posted so many times that KBIO was a scam and days from closing their doors should have ben the tip off.
Doesn't have to be a black guy what about a big white or hispanic guy?
GS has a $20 on oil I'm not sure if it gets there they put a $13 on LL that's even below where this run started. You can bet the house they are either short or started shorting it the last day or two.....I bet we see near $18 later today.
Those should be some classic shots.
Individuals with life threatening diseases that needed his drug are probably not a vindictive bunch but when they hear this news I'll bet a few of them do crack a smile.
Just a guess....so far before the halt $11.55 and this market can kill stocks in minutes....I'll say $7-$9. This arrest is not about KBIO but some prior stock he was involved with but either way it casts a huge cloud over his actions in general. I bet there is a snap back into the teens because of the tiny float but I would not be surprised if it does not trade at all today.
They guided down EPS by near $1.50 which hit the stock after 6am but they also said they see double digit organic growth and debt reduction of $2.25 billion. Those are the magic words in this market but it is a long day still with the Fed at 2pm so any direction in the shares are possible in this market. I was short near $111 yesterday covered $108.25 late in the day. I think you see $107-$115 today If it gets near $100 or lower I buy for a trade.
Saw the $103 trade after they cut just after 6am. Scratching my head why the stock is higher for now could be the new news in the guidance about double digit organic growth and debt reduction of $2.25 billion but they did cut EPS by about $1.50. Possibly the news was in the stock after the huge drop already in the shares this year. Just touched $113.50 near the $113 high from yesterday
Filling that gap without good earnings? Is that what you are saying? Shares will just drift higher to $39?
Look what's happening to Macys....big inventory for most retailers since winter has not really arrived in many parts of the US.
Because Sullivan was a buffoon throughout this whole thing. He had the same answer for 60 Minutes, analysts and everyone else... "we sell quality flooring at low prices". That answer got shares to $11 along with poor leadership and denial.
I'm looking it's high $16's for now like I said you may see traders squeeze shorts tomorrow over $17 but it will be earnings that get shares into the $20's I believe. This is a different market and sellers do come in to take profits quicker than earlier this year especially in late December. If LL moved their inventory, the heavy discounting and write offs are done and business is better the next report may do it. They are not HD but the home repair business is still doing well.
Unless a major short squeeze I think it may top near or above $17 for now. It's good news for longs but they still need to report good numbers to get the $20 or higher.