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Some aberrant trading activity in ANIP this morning between 9:30 opening and 9:55 am EST. $2 dollar swings within a few minutes on some short-lived volume. ANIP's stock action is so schizophrenic. Any thoughts would be appreciated guys!
BEEP BEEP! Pay no attention ...That sound is me "backing up the truck" for more ANIP.
After reading today's new posts, I decided to sell 13% of my ANIP shares a few minutes ago @ $56.30. If it pulls back tomorrow, will consider adding shares. Trading ANIP has been rewarding over past few years for me. When I see a daily upmove exceeding 4 1/2%, I find it hard to ignore. Good luck to all tomorrow, and a shout-out to bambino, easka, JTFM, slvr and others for your informative posts.
JTFM: Very much appreciate your commitment of time and knowledge to the Seeking Alpha article. Impressive (as always)!
There's been a $2 swing in the daily /hi/lo in just the 1st 10 minutes of trading today (10/4). Granted, the volume is very small at this point, just a few hundred shares.
Broad U.S. equity markets up a whopping 2.6% today. Yet ANIP drops .75% on light volume? I didn't see any news today for ANIP ... manipulation anyone? Watch the opening on ANIP tomorrow morning ... I'm guessing it could involve some large swings in both directions with high volume trades.
Looking at MDT here from technical standpoint ... I told myself months ago that when it got below $100, I was going to start buying MDT. Now it's there, having touched a daily low of $99.21 today 5/9/22. Plenty of technical support in this $98-99 area looking at bounces back on 12/20/21, 10/26/20, and 8/17/20. Yet the current headwinds from ramped-up inflation and long-awaited Fed tightening may hold the upper hand at this point. Surprised at the lack of posts on MDT on this board. I might test the waters tomorrow, but only to start a partial position. Anybody listening?
Optimistic and buying. As I posted some weeks ago, I sold all my ANIP shares on 11/1/2021 at $56.15. Since then I've made 13 buys ranging from a high of $52/sh to a low of $42.50 executed just this morning. I keep a core position of shares longer term. But I also do swing trading with some positions; for example, of those 13 buys, I subsequently sold 3 of them, all profitable and having an average holding period of just 9 days on those 3 lots.
All my stock trading is done within a Roth IRA wrapper. I'm close to having a full position now, but have an additional limit buy at $42.01. I strongly believe the current ANIP CEO is a significant improvement over his predecessor. Patience will be rewarded. Here in the low 40's, ANIP shares look attractive to me.
In my case, I sold my entire position of ANIP on Nov 1 at average price of $56.14. In past week I've been gradually re-accumulating shares at significantly lower prices. With the stock basically unchanged at $45.33 for today (11/12), looks like opportunity to further lower my average cost basis per share. Everyone has a different perspective. I'm bullish on the stock, but willing to take profits when they stare me in the face. Sometimes luck does play a role.
ANIP, Thank you for your reply. I am now in full compliance with your directive to sell all shares at $75. Cordially yours...good luck to all.
Ironic, isn't it...FDA inspectors couldn't freely cross into Canada to fulfill legitimate government responsibilities. Meanwhile on US southern border, pretty much anyone, anytime, for any reason is welcome with open arms. Wrap your head around that.
Despite downdraft in ANIP's price action today (10/27), volume remains paltry at
under 30k shares traded. Calm before the ... whatever comes next.
Nice sleuthing work, Lord. Worrisome as long holder of ANIP though. We'll get some answers soon enough. I added more shares this morning at $36.90, now wishing I'd waited. My buy of 150 shares was split into 5 small transactions over about 15 minutes' time, indicating to me there weren't a lot of shares being offered at that point and price. I see it's shed another 65 cents since my buy though.
Maybe FDA needs to "add another shift" to go "24/7" to relieve their "supply chain". I'm sure a blue chip committee could study it for several months and come up with a fix. Bipartisan, of course.
ANIP's 52-week low is $23.55 set back on Nov 6, 2020. In fact, $23.55 is also the low for the past 5 YEARS if my research is correct. Just put in a limit buy order at (you guessed it) $23.55. The way it's looking today, I may not have to wait long for that order to fill. Volume up somewhat today at about 75k shares intra-market (compared to 56k average), but still paltry. Is there ANY support level for this stock??
I've been adding to my ANIP shares for the past week or so, picking up some today (7/7) at $33 even. I have much greater confidence in this new CEO getting Corti across the goal line. Also there seems to be a much clearer strategy moving forward following the acquisition of Novitium and the addition of their key upper management to ANIP's roster. I appreciate your posts LD, frequently finding tidbits of wisdom from you.
Do you have a link to this story? I didn't find it on Reuters.com. Thx
Which scenario would make you more money? Buying 500 shares of ANIP at $28 and selling them at $31.50 on 6 separate occasions, OR, buying 500 shares at $28 and selling them at $49? Either way, your capital gain is going to be $21/share, or $10,500.
In the case of ANIP, which of the above scenarios is more likely to happen? That the share price bounces around between $28 and $31.50 for months on end, OR, it rockets from $28 up to $49 in a straight line? I'd like to believe ANIP is headed for $49 in the very near term, but I'm not holding my breath. On the other hand, given this frothy market, it could quite easily take out $31.50 tomorrow. And next week, it could well be at $28 again.
As a retiree, I fortunately have the time to make "meaningless" trades on "little bounces up and down". Long term or short term, my tax implications are also meaningless since traded inside the wrapper of a Roth.
Maybe I'll miss that big move from $28 to $49. But I'm banking consistent gains in the meantime. There are multiple ways of playing the stock market game. Noted singles hitter Tony Gwynn is in baseball's Hall of Fame. Slugger Dave Kingman hammered over 400 home runs, yet he'll never get a single vote for the Hall. There's a place for "singles hitters" in the stock market.
In response to an earlier post: "Little bounces up and down which are meningless unless you are investing your kids' tooth fairy dimes."
Nice little pop in ANIP in the last couple of hours, up 5% from Friday's close at one point. Has since backed off a tad to up 4.5% today. Volume is very light, no surprise there. I've been trading the hell out of this puppy the past couple of months. Buy around $28, sell at $31.50. Rinse, repeat. So far this has worked quite well for me, of course Mr. Market will have the last say.
If you listen very closely, you can hear them ... the crickets...you can hear them.
Nice to see the strong close for ANIP today, up $ .52 to $30.36, especially on heavy volume (158,800 vs. only 98,000 average). Today's share volume was the highest since August 5th. Bulk of the volume occurred very late in today's trading. Anyone know what that might be attributed to? Looking for reasons to be encouraged!!
Coot, You might want to refer to an old Post #2130 for some background on this topic. CVR's stand for contingent value rights.
LD, I am on Seeking Alpha nearly every day and would love to follow your comments on that venue, whether on ANIP or any other topic. I don't have access to private messaging on Investors Hub, but if you do, possibly you could send me your SA handle? Thx for your wonderful posting insights on ANIP.
Maybe I'm misinterpreting your comment, but Covid19 was the driver behind the reduced doctor patient visits. So the ultimate driver was Covid19, which was manifested in reduced patient visits. That should reverse (perhaps not fully) in Q3 and going forward unless Covid re-spikes cause renewed pressure on hospital capacity.
I wonder if ANIP management is even aware of the Israeli fenofibrate study findings? Maybe someone on this message board needs to tell them? Wish I were kidding...
Looks like someone thought it was a good day to buy ANIP with average daily volume up 42%. Probably a day trader ... buy it whenever it drops under $30 then dump it at 30 1/2, rinse and repeat. Kinda like picking up nickels in front of a moving steamroller...
And I'm guessing Monday will be even a better day to buy. We need a "Get Out of Jail Free" card on ANIP. Investor relations contact for ANIP wouldn't even respond to a simple question I asked 6 weeks ago on how plant was adapting to Covid-19. I thought it was a "softball" query, but apparently not. Shareholders seem to be just a "necessary nuisance" to ANIP leadership.
Better yet...maybe it will attract a qualified, innovative, and communicative CEO. We can always hope, right?
I've been following this ANIP message board for a couple of months now. Decided to join the party and registered just now.