Not really.... look at their chart. Big run up... price hung there. Looked just like the kerx chart did before approval.
The big winners today were the lucky #$%$ that got to buy the baba ipo. They should have had a dutch auction like google.
should be interesting today.
funny thing is... this was heavily shorted recently so someone could buy before this. check out the daily short volume for the past week.
Thu, Sep 18, 2014 High $7.62 Low $7.21 volume 36,510 short volume 7,166 (20%)
Wed, Sep 17, 2014 High $7.74 Low $7.24 volume 33,246 short volume 15,144 (46%)
Tue, Sep 16, 2014 High $7.78 Low $7.14 volume 32,079 short volume 1,000 (4%)
Mon, Sep 15, 2014 High $7.75 Low $7.60 volume 11,053 short volume 1,000 (10%)
Fri, Sep 12, 2014 High $7.77 Low $7.65 volume 9,031 short volume 2,900 (33%)
I concur... where's the prison time? Make the fine 10x the amount the party 'earned'. Just part of doing business is right... spit in the bucket for these characters.
my guess is... $11.12 to $11.985
Fri, Sep 12, 2014 High $11.985 Low $11.47 Shares Traded 1,618,965 Short Volume 438,455 (28%)
Thu, Sep 11, 2014 High $11.55 Low $11.12 Shares Traded 1,280,828 Short Volume 461,483 (37%)
let 'em burn...
Jose'... are you bag holding right now? just curious and it makes no difference to me... but your attitude seems a bit different lately.
my two cents on the matter... we are in another accumulation phase once again but not for a buyout... short volume has slowed down although the volume is quite a bit higher than normal and the price range is incredibly tight. that keeps 'traders' out. Riona sales figures, CKD trial, EU approval, a shiny new name, etc., etc. are all coming. in the mean time mm's are keeping (for the moment) an upwards and downwards lid on the price to drive the shorts and weak longs out. textbook... thing is this could range down to $12 or back above $14 in an instant. I don't see new $ rushing in at the moment... and we haven't heard much from the analysts (cheerleaders) that normally cover Keryx. ride the bubbles...
XBI @ 1,077,000 shares... no real change. why are they holding if this is going to $12/8/6/3/ETC?
shorts have no answer...
Today's short volume... Sep 18, 2014 - Volume 2,081,400 Short Volume 270,031 (13%)
hey Spillicemonkeyboy... cover your initial $12 short yet? no? sure you haven't...