Is not Seeking Alpha and his comments may well drive the share price down. Might be time to consider taking a breather and buying back when the dust settles.This is a company with great potential but could easily be seen as being ahead of itself in share price. It reminds me of early investment sin stem cell research and some of you may recall that didn't work out too well.
You replied: "I never said it was green. Money flow went negative to -38 million after the print. Check it yourself. IDRA/WSJ."
That explains why you removed the original message from the board where you wrote "it was green, you fool." I am not certain about this, but since money flow is a calculation based on volume and price of a traded stock within a defined period, an uptick on large volume would indicate positive money flow and a downtick on large volume would indicate negative money flow. I would say that downtick for 1/3 of Friday's volume, caused by the market maker's balance, would create the appearance of a negative cash flow and be recorded as such. The indisputable fact is that the MM balance did not influence the price of the stock, as you would expect a sale 2 cents below the bid for 1/3 of the day's volume would. Now, if you move quickly enough, perhaps you can remove this post from the board, as well.
The only potential stumbling block I see for ACAD is Medicare. It has done in other drugs, including the infamous Provenge from DNDN: an approved drug that actually prolonged life. Medicare can (I'm not saying it will) make it very difficult for physicians to put patients on some drugs, especially expensive ones.
The first reply seemed not to post, so I post again. You are just dead wrong: it was red, not green and I will send a screen shot of the last 30 minutes of trading from Fidelity's Active Trader Pro to anyone who sends me an email : email@example.com
It is clearly the market maker's balance at the end of the day, since no other high volume post appears at exactly 16:00:00. It was neither a buy nor a sell.
After looking at the 1.1 mil "trade again, I don't think it was a buy, sell or cover (buy) at all. I think it was simply a cumulative market maker's balancing of a few days. If you look at time and sales of any stock, you will always see an unusually large "trade" at exactly 16:00:00. That is the market maker's balancing. For instance, there is a 1,854,155 "trade in AAPL at 16:00:00 today. Check any stock and you will see this every day, without fail. It's just unusually large for ACAD today, but it is possible that with such a busy week and unusually high volume, they only got caught up today and, it being Friday, had to balance their account, like you balance your checkbook.
It was neither a cover nor a buy. It was a sale. If you had a color monitor, you would see that it was a trade 2 cents below the bid of 33.55, executed at 33.52 and it posted in RED! I am not bashing anyone or the stock. I just think that posts should be factual and not mixed with wishful thinking. Wishful thinking does not help any of us.
No, my friend who posts on the board regularly and with whom I trade clued me in and said you were a reasonable and bright guy. I post when I am bored.
finally, you wrote at least a half true post! "This run will end," is a true a statement as "your life will end." Some people think that in a few billion years the earth will end. But that isn't the issue here. The issue is when will the run end and at what price. And what do you mean by cheaper? 20 cents cheaper? $1 cheaper? $10 cheaper? I actually think your claim that it will be cheaper next week is likely very wrong. If you are short term and it dips less than 20%, you actually lose by selling it and re buying it, don't you? Of course, if it is you that have been buying those 1 share lots, you probably are exempt from paying taxes.
The problem with your posts is that the more you post, the more you expose the fact that you just aren't too bright.
I appreciate your post. I am just dumbfounded that people red flag and disagree with facts when posted. Short shares on the 15 and 31st are only a point in time. It can change after the day after the reporting period ends. It is useful to follow a trend for a stock that is not in the position of ACAD, which is so close to a major event. The daily short reporting on the following day also doe no good as only the short sales are reported and not the covering. The entire volume of short sales reported on any given day could, theoretically, be day trades and could net out at zero by the end of the day.. I suspect that there are very few shorts left in ACAD at this time. It is just a very bad bet. The large volume days between the 1st and yesterday suggest that most have covered. As the price increases, it really becomes less attractive to buyers who don't have to cover. But even the volume and rise in pps is only an indication. I review time and sales and size of trades every hour on most stocks in which I invest and ACAD has not had any large sized sales from 27 to 35. In fact, two days ago, there was a 69,000 share buy about 10 minutes into AH at 32.95.
Thanks, I suppose. I sometimes just don't get this board - or any board, for that matter, You post facts, try to be helpful and then get red flags and crazy responses.
It seems that you can't read. I've been long on this stock twice: First from the early on to selling into the surge on the dumb assumption that it was being sold because it cancelled three presentations (why would an acquirer want them to cancel presentations?) and again near its recent lows. I recently posted that I can't fathom why anyone would be short this stock. My posts were to point out that I don't think there are many shares short in this stock any longer. Come back when you have learned to read.
On the 12th, aggregate short sells were 402,547 and yesterday 451,386, but we don't know if they were covered on each day or how many shares were covered. Buy backs are not reported.
No apology needed, but you don't I think you may be still missing the point. We don't know what the short interest was between the 15th and the 31st. Shorts may have felt maximum pain was 30 and it didn't reach that by the 31st.. In fact, the pps dropped from the 30th to the 31 and they may have decided to wait until the 1st to see if it continued dropping. We just don't know, unless we were following the daily or go look at them now, which I prefer not to do, but you can.
Perhaps this will help you. A car is moving 17/mph at 3:15 am and 18/mph at 3:31. How fast was it moving at 3:20 and at 4:02? If you can answer these questions, I will return in my D.Phil from a rather distinguished British university.
Instead of being an insulting smart #$%$, why don't you think for a moment. Youk now the short interest as of the 15h is 17 mil and 18 mil as of the 31st. What was the sort interest on the 20th? If it was 20 mil, the short interest fell from the 20th. If it was 15 mil, it rose from the 20th. The monthly report only shows two snap shots on the 15th and last day of the month. Volume is dynamic and there is no way of telling what the short interest was except at the close of business on two days in each month. You need to follow the daily's and keep track if you want to know the short interest on any day in the month.