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I think SA article helped , but it did not do it alone. it hit at 1:10 and the drop happened 20 minutes later
Agree, but if it was a bad news leak we would not have bounced this high. IMHO.
bear raids is a very standard strategy for MMs and shorts. The good thing about it - they usually do it right before the news are out. They do have a head start sometimes due to leaks.
looks like I missed all the action in the last hour. Bear raid ! they usually come right before the news !
It was on website for a long. Time
company promised to release it in January. it is on their web site.
Do they have to do it in January ? No, but it would look good if they keep their word !
Will They do it in January ? Nobody (at least on this board) knows, but we hope so
where do you see that ?
ouch ! should we get puts? :)
do you think this is for real or just shorts' attempt to get it down?
CALL is down huge
It happens when binary events are approaching.
So were march ones, why not buy them? Jan were cheaper. I flipped half of them and the rest are almost free.
Guess what happens with them if good news comes before expiration?
I own feb too, but jan much cheaper and more rewarding. Yes it is a gamble, so are feb calls. Trial might fail too. I don't consider people who take risk idiots, and I don't consider the risk in Jan calls to be totally wasteful. Chances of them making money are still 50/50
oh, I see your point
strange thing is - Jan skew got crushed today and yesterday with no news. I think market knows now what it did not know last week.
Jan 7/8 strangle ? If nothing happens in Jan then the stock will indeed be in the same range as now by Jan exp
gamblers and idiots are two different groups. I see nothing idiotic about owning Jan calls.
Before binary events in pharma they do go up. May be you are not aware. Even if you think they should lose value - not 30%+ in one day 8 days before expiration on a stock that did not move much.
really ? I thought I saw 'beginning of Jan' , may be it was a commentary and not the original news release
Volume does not mean a thing - there are always be buyers . Uninformed pikers will buy thinking they are getting a bargain. I hold Jan 12$ calls. Very worried.
and still Jan calls and puts (!!!) lost thirds of its value ( stock moved 2% down).
The company said - 'beginning of January'. Options premuims should go up, not down. I say - there is a leak or even an official news release that we just don't know about yet. We will find out about it only after close, while the whole street knew hours ago.
Stock is not looking weak. We should not care how it looks at all at this point. What bothers me - the january options. Judging from today's slide of all the Jan options premiums I can say that the street is not expecting the trial results before January expiration.
Also don't forget thay people buying and selling options as a part of sofisticated option combinations. In most of them some part of their position is designed to expire worthless, while other part(s) is the one bringing the profit.
option holders are always angry about something, no one gives
MMs playing wiht the price. Once we get the results the price will be either north of 15 ( i hope ) or south of 3. It does not matter where it is now. I am a skiier , I want cold winter in NorthEast, so I get my snow. When it warms up to 90 degrees in July I don't care about it. Get the point ?
Dndn. Went from 4 to 18 on FDA preapproval committee decision
Jan Call Volume was huge today, same for puts. Despite of a red closing the calls premiums got higher. all calls closed in green , same with puts. People bid on options heavily in anticipation of the results. Probbably lots of longs strangles.
they are already not going to get released earlier than expected. the expectations were for early January. Earlier than that would make it December, and we know it did not happen.
I hope we run up to at least 15-17 bucks on good news
bid is up !
:) that was ot one of the choises . Choise were - negative now or another year of waiting for an unknown result.
I know we are all tired , but would you rather have a negative outcome or no outcome for another year or two ? philosophical question !
Where do you guys think we can expect stock price go right away in case of the successful study ? 12 ? 15 ?
puts were very expensive. still not sure you'd be making money on them after this kind of a drop.
If we don't get what we wish for all these paint won't matter either. the stock will get to zero ( or close to it ).
So all these paints are only making some of us feel a little better, but most don't care.
I guess, nobody else care where it closes on a day to day basis. We all hope for a big pay day, and closing prices don't matter to us. Yes there are some chartists here, but this stock's performance is strictly fundamental.
what ? no paint left for today ? come one , give me 15c close.
Last week someone wanted to bet that we will never see 1.80. Lol.
why do you care ? if you believe in our future big win, all this penny pinching does not matter.
Looks like no one wants to play with them today
good one :)))