Retail Guy Jan Nippen (?) said ANF was hurting so far during the holiday season he was on CNBC a little while ago. You have to love Wall Street they run ANF on one OK report with it's sky high valuations and two downgrades for LULU which is getting hammered today yet other analysts are on board with LULU. It is just so obvious especially at year end for extra gains now that these analysts are just mouthpieces for the direction their firms are in any given stock.
Buyers will be like the guy with the cardboard sign on his chest I see each Sunday near the Bear Mountain Pkwy off of route 202.
This run seems to be running out of steam and reasons to go higher. Shkreli not lending his shares out was probably the last bit of good news for now. You do need a pipeline, sales and profits to have a share price like this eventually the float scam will end.
It has done that already you need sales, profits and earnings to keep a share price at these levels....not float manipulation.
You can't even get the shares to short. I would short this each time over $40-$45 if I could. You just made the short thesis "bankrupt companies" where do those shares eventually end up?
This is a well orchestrated scam and the victims will be those left holding shares after he sells all of his once he is allowed to.
If you get any new bounce near or over $50 (like today's pre-market) take the money and run. This company will not be around in 2016 as soon a Shkreli sells his shares back under a buck. This company was about to wind down their operations before he bought the shares. They have nothing except losses and as soon as he is allowed to sell I bet he will. Today's news about him not lending out his shares to short sellers is probably the last bit of good news for KBIO. I actually thought shares would close closer to $40 on that news. From here on I think you see a bit more profit taking each day. Good Luck whatever you do....never let the market take your profit especially one like you have.
If that happened and the "right person" came in the stock would be at $18-$19 real fast. The same would happen if MM was fired at Yahoo.
This was a very smart move on his part for sure now he knows exactly how the stock will trade in any given situation for now whether there are shares available to short or not. He's a hedge fund manager not a CEO his thoughts are based around how he will make money. This company will be gone at some point in 2016 but he will have squeezed some serious profits out of it when he finally sells his shares. KBIO is not a turnaround story just a vehicle for Shkreli to use for awhile longer.
He is no fool he will make a killing it's the buyers of KBIO at some inflated price the day or days before he sells any or all of the shares that will be the fools. Like I say once a hedge fund manager always a hedge fund manager. What he is doing will also allow the execs (if they still own shares) to sell and make a killing that is why they handed him the Chairman and CEO positions so easily besides owning a majority of the shares.
For such a creepy slimy guy he is still a hedge fund guy and these guys can always figure out newer angles to make money and this news this morning is just the latest. Obviously the trading around KBIO is nothing but squeezing shorts and buying the dips on any positive news surrounding the small float. He will eventually sell his shares at some point and that's when they will plummet for good but for now this company that is losing lots of money will make traders money for awhile longer. This is the best Wall Street scam I have seen for quite awhile and if I was to pick a guy to orchestrate it Shkreli is the guy. He was smart to lend out the shares to short sellers it allowed him to see how the stock would act so now he has seen the ranges KBIO has traded and being a trader himself he now knows exactly when to sell his shares.
How can people here give a thumbs down to a Happy Thanksgiving wish? The thumbs-downers must be having TV dinners alone on Thursday.