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I'm liking the fact that the FED tapered today ahead of our earnings tomorrow. This should put a bullish bias into the stock tomorrow as markets give a sigh relief that in fact the economy is gaining steam as are earnings in most companies, RAD not to be excluded here. 2014 looking very promising for the economy and the stock markets should be taking off with this news today.This the way markets are supposed to work, rising interest rates in an improving economy, with rising stock markets because of increased earnings. Markets have been devoid of this for a very long time and this "normal" is the old normal which is very good going forward.
don't like articles like that, if we don't beat and just come in even, we get slaughtered because of this positive press pre earnings.
might be a place to start nibbling and way oversold, but, there's been huge gains this year on this stock and investors are booking them before the stock has a possibility of a complete free fall. Selling begets selling and the 200dma had better hold today as the previous poster has alluded to.These are very skittish markets and it anybodies guess when they will and if they will, turn around anytime soon.
read that the conference was a reiteration of everything that has been said before. No addressing of the Lakewood attacks. This raises my antenna of concern and its leaking over into the stocks performance today as other tend to agree with my ascertain.
Don't like the P&F chart .
There's a realm of uncertainty that put a shroud over the company so we might test the lows of last week, if that holds, I might revisit the stock.Good luck to you guyz.....
I don't have an agenda, I'm neither long or short this stock, all predicated on the collateral damages wrought on OPKO's charts.
Its unfortunately difficult to climb the hill again when so many investors have fled this stock because of its speculative nature.News that affects the stocks revenue stream will be the primary driving factor from here on out.
the chart on Opko looks absolutely abysmal.One should not try to catch a falling knife.
judging by the weakness in the stock today, there's some major redistribution going on and a lot of uncertainty.
Looks like they are defending the gap up from 8.97.
Dr. Frost needs to keep buying.Maybe it is he who is defending the 9.00 area.
how true
Bra1,
careful now" nobody here wants to answer them"?
In all fairness, people that don't ask questions often discerningly question the light rapidly coming at them in the tunnel......
Perhaps it should read" nobody here wants to address them".
That's scary in and of itself.
Nobody should ever ever negate a effort to continually learn the curve at both ends of the equation.
I've got a question, why did Frost take a two week hiatus from his stock purchase's ? then only to re-emerge when the blood letting ensued.Did he feel the stock was over valued then only to become under valued in two short trading sessions as his portfolio took a 400 million plus haircut?
Does anyone else think that this is an anomaly?
Or does one just scoff this off as being merely coincidental?
Perhaps he thought that the DEC.4th presentation would have given more push to the stock without having to do such purchases.
Or, he might have thought that purchases goosing his own stock just before such a presentation would be counter intuitive.
Lakewood temporarily achieved there mandate somewhat, but the dust has settled and temerity and audacious posturing tearing away the integrity of Mr. Frost has been ferreted out and dismissed as a callous attempt at discrediting a person of such distinguished and achieved background vs a nobody in the investment arena.
hey just a thought, could it be Bozza that has hacked into Yahoo's Opko message board? it serious skews and infects investors information of rubbish and repetitive bogus postings of garbage?
Bozza attack the credibility of Dr. Frost which permeates down to the company. That's serious stuff that can get one sued for libel.
We'll see what the Dr. says Tuesday to clear all this up.One invests with guarded optimism and puts good faith in CEO's. Sometimes things aren't what they seem to be. Just ask those that got ripped off in the Enron debacle.Just an example .
We have a lot of expensive luggage in this company that has yet to pay dividends. Basing your trust on someone you don't know comes with huge risks to your capital.Opko is extremely speculative until we see proof of the pudding.
wow, now that we might have year end tax loss/gains booked and taken care of this past week that was a huge market drag, and with Riteaid working off from an over bought situation, I believe next weeks action, looking at the chart, has a nice surprise in store for shareholders providing the earnings report will be well received by investors.
The pre earnings that got published a week or so ago seemed to be baked in the cake, hence the stock market down draft that took us down with it. It was a healthy correction and this should catapult us to newer highs by years end.With Obamacare ready to kick in, earnings should be set to explode in 2014 for all health care store providers.
well, its nice to see that the rebuttal is on the way, I'll bet Frost and Co. got some nasty phone calls from disgruntled fund managers demanding them to lash out and refute all what was said.Make a stand.
I've been saying all along, that they need to speak up and clear the air.When a malicious attack such as Lakewood's sends ripples down the stock food chain Opko has to stem the bleeding.
Its unfortunate that this has happened to this magnitude and when somebodies job is on the line like Bozo's probably is, he'll resort to any measure to stave off the inevitable.This would not have happened in my book if Opko had just one drug with FDA approval already in its hand.
So, go get'em Mr. Frost, take his azz down.
make no mistake in this report,
the credibility of Dr Frost is at stake . He needs to address the validity of those shady dealings.
All seems good in that report.
It just might be enough to stem the bleeding.
Frost can remain solvent more than you or I.
Looking at the chart, the most bearish chart depiction on the candlestick chart is 3 black crows, we are so so close to resembling that ugly scenario, why would anyone want to wade these shark infested waters while this is taking place is beyond my ken.
NI, i stand corrected, 9.36 is the line in the sand, if it penetrates that low back nov 20th of 9.36 it could go all the way back to the 200mda.of 8.23.
I wish you guys the best of luck.
no, I have not considered calling, I sold at the open yesterday , hated too, but, I held on to huge gains in 2000 and watched them dissipate as time went on, never again will I hold for the sake of not paying capital gains.
I can always get back in, but this chart looks awfully sick.
fwiw, the longer the Dr. remain silent on those scathing issues, the less muted his buying his own humpty dumpty kingdom becomes as investors will continue to grow with more concern and less faith.
The battle line in the sand is 9.62, if that falters, look out below.....
FWIW all the Frost's buying will have a rather muted affect to this stock that is leaking because his reputation has been seriously damaged and discredited.
He needs to talk to his shareholders but quick to quell the unrest.
The longer he stays quiet, the more likely shareholders will come to believe the veracity of that report!!!!
This is serious chit.
NI, when I first saw Dr.F on Mad money, he didn't talk like he was stupid smart in my book.
I don't know him personally so I can't form an educated opinion about him.
All I know is, I apply "there's never just one cockroach" approach when accusations like those made by Lakewood are espoused.
I disagree, he needs to quell the nerves of investors , not by buy more stock , but by acknowledging the falsehood claims, if he doesn't then they are true in my mind and I don't want any part of a person who does or did chit like that.
I can stomach the falsehoods about most of there products that are discussed, but I can't get past all of this alleged stuff that he needs to clear up.
Opko's CEO, Dr. Phillip Frost, has a history of close financial ties with what we believe are two serial stock promoters, who have both been the subject of several lawsuits, and the Company's former CFO curiously was the Treasurer of a Frost-backed penny stock (while he was CFO at Opko), which went on to merge with a Chinese company that turned out to be a fraud. While Dr. Frost has earned the admiration of the investment community after selling two companies (Key Pharmaceuticals and Ivax Corporation) for incredibly large gains, we think there is another side of his career that should be of great concern to anyone investing in Opko. Dr. Frost has a disturbingly large number of connections to what we believe are two serial stock promoters that have each been the subject of multiple lawsuits, Barry Honig and Michael Brauser (who together run an entity called Marlin Capital). We have counted 16 different penny stocks in which Frost, Honig and Brauser have invested together in recent years, including entities in which Opko is directly involved. In fact, the business address listed for Honig and Brauser, 4400 Biscayne Blvd., is owned by Dr. Frost and is also the offices of Opko Health, Ladenburg Thalmann (where Dr. Frost is Chairman) and numerous other companies in which Frost, Honig and/or Brauser are involved (including MusclePharm, BioZone, SafeStitch Medical, Non-Invasive Monitoring Systems and others). In fact, Barry Honig's office is listed as being in the exact same suite (Suite 850) of 4400 Biscayne Blvd. as Dr. Frost's Frost Gamma Investments Trust.18
Dr. Frost has also been involved in plenty of other penny stocks beyond those with any apparent Honig or Brauser involvement. Perhaps the most remarkable situation is that of Protalix BioTherapeutics (PLX), which was merged with Orthodontix (traded on the pink sheets under OTIX) in August 2006. Simultaneously, Frost and Glenn Halpryn (who together owned a majority of Orthodontix) agreed to invest $15 million in Protalix. At that time, Frost and his trusted lieutenant, Dr. Jane Hsiao (who is the current Vice Chairman and Chief Technical Officer of Opko) joined the Protalix board. Interestingly, Eli Hurvitz was the Chairman of Protalix at the time and was also the Chairman of Teva at that point. Amazingly, on October 24, 2007, Protalix announced a 10 million share offering at $5 per share vs. the prior close of $36.06 per share, an astounding 86% discount. The next day, the stock fell 83%, "wiping away $2.07 billion in market value." Dr. Frost and Hsiao, who had joined the board on 12/31/06, quit the Protalix board after the company's implosion, with the press release citing "personal reasons."
If all of this is not concerning enough, consider the following facts related to Opko's former CFO. On July 16, 2012, long-time Frost colleague Rao Uppaluri retired from his role as CFO of Opko and was replaced by Juan Rodriguez. We find it strange that Uppaluri was listed as Treasurer and Director of Ideation Acquisition Corp, a publicly-traded company, as recently as a 10-K filed on March 20, 2009 when at that same time, he was the CFO of Opko.19 But, Uppaluri's bio in the Opko 10-K filed around the same time only discloses that he was on the board of Ideation (not that he was Treasurer).20 Also, Dr. Frost served as the Chairman of the Board for Ideation at that time. Ideation ultimately merged with a company in China, changing its name to SearchMedia. SearchMedia was ultimately discovered to be a fraud, with its auditor KPMG resigning from the account.
I don't care how many shares he has bought, he needs to clear the accusations on those penny stocks and the alleged intricate covert dealings he has had with his cohorts.
you guys don't get it, those were defamatory statements and inuendos accusing Frost of fraud.
If the Dr. does not speak out on this in some fashion, then there "could" and I repeat "could" be some merit to there claims.That's some nasty chit that has stained this stock until the Dr. clears this up. If its untrue, then he should be launching lawsuits and make that know to shareholders.
I don't like whats transpiring no matter how you guys cut the cheese.
My question is the veracity of Frosts gaming little companies on the side.
Why did he quit buying shares on Nov 29, a few days after all this bs. ensued and knew there was some bad print coming out for the co. and investors after the fact.
Where is Dr. Frost's reply to the defamation of his character by such investment house? Those were libelous attacks espoused in that article.
There was serious chart damage done to this stock. An article by Ginsburg does not quell all of these concerns no matter what positions they/Lakewood have in this stock.
Investors do not like uncertainty. I always considered this as a speculative stock because we don't have any proof of the pudding yet to get earnings going while we amass huge debt buying companies in the huge jig saw puzzle scheme of things and as an investor that knows little about pharma, and trying to connect these pieces, is very difficult when you entrust a huge part of your savings to a man like Dr.Frost.
I want closure by Dr. Frost on these malicious defamation of character attacks. This is serious chit.He owes that to his investors.
Wilson 2222,
when I hear ad nauseum espoused here like yours, it signifies that we are near an inflection point of this stocks finality in correcting.
If you have nothing of any credence to lend to this board, then I might suggest you keep your trap shut. It's better to let people think you are stupid, than to open your mouth to show them that they are indeed right.
just to keep things into perspective, this stock got top heavy and was ripe on the long side, no different than many, corrects on news, even if this news was superlative, I feel it still would have gone down. Now we have a resting area once again for refueling. I would not want to be short this stock with Affordable care act implementation on the door step for 2014, that will be a cash cow for all three drug retailers.Looking forward to a very prosperous 2014 with this company.
RB40, I concur with your thesis.
We might be witnessing the market ascertaining a pre earnings multiple to the stock with expectations of possibly/likely an earnings surprise. As far as tumble? that's a quite a stretch.
If the company disappoints, then that's certainly within the realm.
I do really like the future in this company executing the turn around scenario. What's not to like with this transpiring and will continue no matter what the over all markets do down the line. With Obamacare's tax dollars falling into our breadbasket, earnings will continually grow even during a recession.We need to keep clawing away at market share to really get this pony kicking up its hooves.Revenue streams will only continually grow. So I ask, where's the huge risk in this stock ?
its been up the last three sessions while the market continues to leak,extremely bullish. As I said, the charts were not depicting any topping action in this stock and the volumes were not exceeding the daily averages which signifies slow accumulation that is transpiring which again is, redistribution from those flippers that think this is done, and into new strong hands,likely fund managers causing frustration to those that dumped for small gains.
this stock still has some run in it according to the charts, add in a ringing endorsement of "buy this stock, it's cheap" and hold by Cramer yesterday on Mad Money, still think we see in excess of 6.10 this run, then some redistribution into earnings.
You don't trade this stock. If you had the knowledge and intestinal fortitude to buy and hold this turn around story way back down the charts, you'd be singing in the sunshine counting your blessings.Buying, selling, flipping should be only loved by commissionaries and Uncle Sam. You always let your wild horses run and hold long term and not get excited, but get very excited when you are holding on to a long position that is going awry.
6.00 got cut like a hot knife in butter, no resistance whatsoever.
We don't even have positive breathe yet on the daily which is signifying we will be going up more over the week of trade, my guess was 6.10, but its looking more like 6.25.
The weekly macd hasn't ever crossed over yet, so we have a more dry gunpowder for this move up.No where near overbought and people are dumping for the wrong reason, PE ratio too high?
I personally could give a rats azz at what any cyber acquaintances think in regards to RAD. The/mine primary focus predicated upon any market purchase should be fundamentals and this is a turn around scenario that new management's foresight and pertinent decisions are the key drivers. This was once a 50.00 stock. With sound implementations of key management,clawing back customer base, recreating ballooning revenue streams, with over 4000 stores, there's no reason why RiteAid cannot reclaim what it once lost due to shoddy management prowess.
hey, that's the nature of markets, it all in a crap shoot, I see this stock going much higher soon just predicated on the charts, the volumes might be lacking, but that's not all bad as the stock won't get top heavy all too fast. Slow and methodical is best medicine to me and let those on the wrong side of the trade sweat it out scratching the azzez and heads and have a Stevie Urkle moment, boy! did I do that???!!!!!"
Also, Lakewood needs a soon to be "Rolapitant Moment" added to there carcasses.
part of what I'm saying is, MM's will hedge there long bets on the stock with puts/options, causing a true distortion of what is transpiring. They can manipulate if you will, playing a box and shorting creating an illusion of a tug of war going on with the longs and shorts, thus capitalizing scooping shares up causing confusing and chaos in investors thinking.
also, one important thing to note, this move up could be more pronounced than one thinks . I've noticed that the surge in up volume is rather muted and does not correlate with an overbought situation as of yet,nor are we even near that point. The action we are witnessing in this stock is extremely bullish and I would not be surprised to see a surge beyond the 6.10 area on this current ascending move.Accumulation seems to be the best medicine for RAD as our awareness is growing in the hedge fund world.
Riteaid's movements have been spot on with the charts depicting the breakout, this move should take us to the 6.10 area before exhaustion and redistribution taking place once again. Typical bullish behavior, my guess is we'll see a box set up with a pivot point being around the 5.85 area. We'll oscillate around that price until earnings come out Dec 19th, then we might just get a nice Xmas bonus if earnings are up to snuff, stock rising to the 6.50 area perhaps.Love the companies metrics and managements savvy to right this ship, put up increased earnings, that has created great upside potential going forward.
shorts don't control the stock, MM's do, they box stocks in(shake and bake) with tight trading ranges shaking the tree as people get pizzed off and abandon there shares in frustration.
This is typical action the pros utilize in order to load up on shares without chasing them. It's all called redistribution, moving the shares from weak hands to strong hands. Once they've accomplished there goal, then the buy reco's come out and the stock takes off. These periods often happen as the stock runs up the chart like a professional sprinter, then has to stop to rest and a new trading range ensues and the redistribution takes place all over again. Its all about commissions for the MM's, that's what pays the bills and fudges up there month end statements.Would not surprise me to see this stock have big up days here before the end of this month.The charts are depicting the move up as the consolidation phase has ended.JMHO.
if that's true,then that sure is a ringing endorsement of some lofty earning surprise on the cusp for 3RD Q.( do you have a link to verify?)
I remember a short while ago that we did a stock offering with the digestion of Prolor around 7.00+ and there was some major concern by some that the deal was going sour because the stock languished under 7.00 for a while, seems like a distant memory now with Prolor folks smiling away on this deal. Mr Frost has the midas touch and its never to be underestimated no matter how much consternation these deals he does, brings to the forefront of concerned investors.
The pieces to the puzzle are fitting rather nicely I'd say.He's assembling quite the behemoth once again.
where do you get 300k?
I see 4300 shares, http://www.secform4.com/insider-trading/944809.htm