Replies to post #48527 on Biotech Values

[zipjet]

RPRX - News was good but largely as expected. So some selling of the news.

There was also some significant put buying*. Counter parties likely delta hedged by shorting. Look for higher SI when it comes out 6/26 if I am right. (Keep in mind that it is not just the June options that have a current impact on trading and that both puts and calls have effects.)

zip

* Through 6/12

[J-RO]

Agreed, anyone else have thoughts on the RPRX selloff?

[ThomasS]

RPRX: "What's wrong with it?"
1. Too much whining from individual shareholders who are not satisfied with a 100% return in the last 6 months.
2. Normal profit-taking from Fund Managers, hedge funds, institutions, and/or less-greedy private individuals who like to take some profits off the table. Not everyone has a 500% appreciation target over a 1-week time frame.
3. cancel the always-mentioned "upcoming options expiration" excuse from every msg board on the internet (if it closes at 12.5, or 15, or 10 or 7.5 on Friday, it doesn't prove the arguement)
4. cancel the always-mentioned "shorts are holding it down" excuse from every msg board on the internet
5. cancel the mentioned "possible equity sale to raise cash"
5. A possible 1-2 month news drought going forward.

"Why down so much?" Looks like it's "up" to me...

(No one was complaining at the $13.16 pps on the way up)
For additional intelligent perspective, pls see RPRX Board post # 536