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Yea looks like there is some taking advantage of the toppy market. So just waitin for that big buyer to step up and buy the bargain.
Looks like someone is ignoring the audit debate and bought some stock.
Hi guys. I would guess most around here are waiting as I am for some ANDA news. Yesterday I went to American Bulls and saw the stock was a recommended Stay Short. Today I got the short report from Nazdaq:
Settlement Date 5/30/2014
Short Interest 1,695,747
Avg Daily Share Volume 137,041
Days To Cover 12.374012
Read more: http://www.nasdaq.com/symbol/ipci/short-interest#ixzz34MQI7G2q
So I realized by looking at the chart that If you have shorted this stock, you would be languishing along with the longs. 12 days to cover @ 137K?
Anyways good news is $3.4 has been good support and the 200 day moving average is right there also, so just bring on the news please..............
Post market action on Baker Bros 13G filing revelation in AH, they are the secret 50M buyer from May. They now own over 18M shares. GLTA.
I don't have all that much faith in government to keep secrets. Granted there might be no sign at all.
The cheerleaders are out in force! Ha Ha! Imo- this was a technical bounce out of the $3.40's granted, I'll take it but some conviction buying which takes us back over $4 is what I want to see. A $60 dollar SP is not out of the question, seeing how this is a pharma stock, where you hear predictions like these all the time and anything can happen. There is a great and overdue pipeline here I would have to admit and that's why I am holding, but there are people that know in advance, and I expect we will see some signs in volume before something big happens.
I don't want to look either LOL. I just have this strange feeling this spikes green into the close.
I think they should just schedule it. Having the bell ringing a month after an ANDA is approved is like all horses are already out of the barn. I guess they could schedule this around a production facility announcement etc.
When is that NAZ opening bell festivities going to occur?
What's up with that? I see that ask. Unfortunately with the low volume it's easy to manipulate this stock, but why?
Short report:
5/15/2014 Short 1,800,608, Avg Volume 145,446,
Days to cover- 12.379907
1.8 Million share short maybe think they are running out of time as we approach a double bottom support @ $3.40?
Painful to watch it go down but if you have been holding what is .17 more cents downside?
When the shorts turn to buyers there will not be many shares to buy. Maybe someone is setting a bear trap here.
It's to early in the quarter to start worrying about any earnings change because of competition.
My guess is good news gets here first.
Well This is the press release:
You never know it's like fishbait.
You put a big chunk of it on a hook, you get small nibbles from the little fish but you are waiting for a big fish to come and swallow the whole thing- All at once. Could happen, but rather we get some ANDA news soon to move this higher.
Seems like we had a period very shallow and negative trading for a long while before the Focalin XR announcement, similar to what we have now.
I would have to agree I am happy if the options and warrants aren't being played because the strike is below the current PPS. If they are it's being done very slowly. Dilution (ATM), options and warrants probably are not being exercised because IMO this would tank the PPS.
So, I would say smart money and retail are holding hand in hand. I am sure that some of the 100M shelf, warrants and options will be exercised if/when big news hits and this will throttle the gain, but it's just the costs of investing in this market. GLTA.
Looks like the people who bought at the open just moved on. Maybe we get a good close with a green market............ GLTA.
Waiting has become tedious especially on a low volume day. Even without news we are due for a spike IMO. Come on you big players and show us d' money.
Chart ready to break up or break down, we are due for a spike! GLTA.
Center of the channel, could test 3.4 again, bear raid possible? but I doubt it. Holding gains pretty well thru slowed trading. Volume should pick up towards the close.
2 1/4 hours left and IMO closes above $4, GLTA
Just the overall market is still a little red, be patient.........
Well it just might unstick itself pretty soon with the PPS moving upwards.
When it hit $3.40 and reversed up I thought- OK, SPEX is headed back into yesterday's channel, which made me very happy. Now its looking like it wants to go parabolic. I think a slow steady climb would be easier on my nerves. I'm thinking some shorts shorted more this morning, but the real story is the lawsuit, SA articles, forward looking outlook positive, Senate dropping the patent trolls attempt, Microsoft, stock price history.......etc.......GLTA.
Yea, I have been waiting for that big buyer to show up again. One thing that happens for sure is spikes like these blend flat into longer charts as the days tick by, so if you are not made aware of them it's like they never happened. Someone wanting in or knowing something sure is a popular way to explain these types of movements but since this stock is traded thinly (sometimes only 100 shares on the ask), Imo an entity wanting to purchase large amounts would wait until they saw plenty shares spread across the ASK book, and then grab them all before traders can adjust their asking price. If they bought slowly, traders would cancel sell orders in front of them. Either way, seeing this buying surge is a positive for sure, I'm hoping it continues soon.
On the other hand who decided they better sell this morning?
Q: Was it supposed to be a raid? TIA.
There were 3 companies talking for weeks to make this deal? Surely someone knew/gussed the news was coming a few days ago and turned a quick profit today, market likes this news but wants to see actual earnings now, but I am thinking the bottom was put in. How high how fast does it go now? Dunno. May be some action towards the close. GLTA
I'm feeling a "reassurance" buy coming here shortly IMO GLTA
Well looks like peeps are moving on?
There has not been positive news since Stark's ruling.
I'm going to hold thru June for a partnership etc. (Imo) watching sales and the end of the ruling appeal window which S/B around June 2nd.
Waiting............
looks like maybe we get some buying into the close, GLTA.
Need an approval...............
PC! How many million short shares left to get out? I'm thinking 8-10 million still short now. I liked the 600+M share buy this morning. Figure another investment group getting in? I was hoping for one more buy like that in the afternoon, that would probably have set off a squeeze. There was a lot of sideways trading @ $5.13, what was up with that? It looked very defensive to me. We are teetering on the edge here, the only reason AVNR declined last hour was the overall market decline. Any reasonable good news coming? Lookout!
Equities researchers at Stifel Nicolaus began coverage on shares of Inovio Pharmaceuticals (NYSE:INO) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on INO. Analysts at Zacks downgraded shares of Inovio Pharmaceuticals from an “outperform” rating to a “neutral” rating in a research note on Friday, April 18th. They now have a $3.20 price target on the stock. Finally, analysts at Maxim Group raised their price target on shares of Inovio Pharmaceuticals from $3.00 to $6.00 in a research note on Tuesday, March 18th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $4.44.
I have been long and held here thru many pops and drops and missed many trading opportunities. IMO there are still 10+M shorts stuck here and they want out for a cheaper price. KK moves slowly and there is a 30 day window for an appeal to Stark ruling. I do not believe there will be an appeal at all but a deal to move forward with partners or Europe might have to wait until this appeal window closes. So I sold 60% and am going to trade in and out, I think the shorts will use Market weakness, or other means to create selling (and buying) opps in the next three weeks while nothing happens as far as a buyout or partner, etc. I am not recommending a sell or anyone else to do this but I felt I was holding way to much as a percentage of my portfolio and took some profit on the court news.
A little smile on my face for the little bit of buying here into the close. (According to CNBC analyst) Market sentiment is starting to turn positive on some of the stocks that have been bleeding red. I know we are waiting for approval news etc. so a little different situation here, but bottom feeding coming in now would not hurt!
Imo- Trading on a Daniel B. Ravicher opinion?
Good Luck!
thanks for the recording.
I'm thinking 70/30 veringo here, but goog keeps trying hard...........
Something big and unexpected like Europe/partner, or a combined number of smaller good news items are needed At the Q2 to crack the shorts AH and Wednesday morning. We had decent volume in the morning and at the close today, but in between not so good and the PPS faltered. If the Q2 news is not earth shattering and just a rehash of what we already know, IMO there wont be enough concentrated interest. If earnings are plus what is predicted I'm hoping large buyers come in seeing profit potential and make this go. There is always that $5 Dollar fund buy-in level to ponder. Well I'm pretty positive KK will have something better than just news we already know. GLTA. HB
PAR payment to AVNR? No. They just have to cover the costs of their own litigation, so far............
Par payment to IPCI? I Dunno, Hope so!
Just an observation: PPS might have been effected slightly by Par (and Impax)loosing a generic court battle with AVNR last week. I'm holding AVNR and IPCI so I have been following that for some time.
GLTA
"Eight Analyst Stocks to Buy Under $10 for Big Upside"
(from MARKETWATCH article 5/3)
"Avanir Pharmaceuticals Inc. (NASDAQ: AVNR) was raised to Buy from Neutral by Mizuho on Friday, after the company won a key patent case that grants exclusivity out to 2026. Mizuho gave a $10 price target, and shares were only at $4.65 late on Friday. Keep in mind that this was a $3.40 stock before the patent news broke this last week."
There are programs out there to DL.
Try Softpedia Auto Refresh 1.0
You can set the interval timing to your needs. Will refresh everything you have open in browser windows.
Might work on PACER too?
GL HB
I am reading there supposedly is a hit piece against AVNR in Seeking Alpha. Also Cramer is linked to these short crooks, sooooo they got some cheaper shares back today, so far.